Given the weak revenue generation of the Nigerian government, the federal government has been urged to involve the private sector in the financing of infrastructure. It is estimated that about $100 billion must be invested annually to finance infrastructure development in Nigeria to close the deficit. But the weak revenue generation of the Nigerian government shows that the country cannot ...

Lagos is the most populated city in Nigeria; flocking with various kinds of people from different works of life while Port Harcourt is the home of oil boys (guys working in oil companies). Because of the status quo of the boys in Port Harcourt, people tend to rate the state of living in Port Harcourt higher than that of Lagos. ...

If you’re preparing to embark on investing in real estate for the first time, be sure to read this, it would do you a world of good. Real estate is a tricky but highly lucrative business with a lot of ins and outs that can be difficult to navigate. Getting the right information and orientation is the key. I often ...

Some tertiary institutions in Nigeria might soon get better infrastructure as the Federal Government announced its readiness to release intervention funds for 219 tertiary institutions in the country. The funds are meant to be released through the Tertiary Education Trust Fund for critical infrastructure. While listing the new tertiary institutions that would receive the funds, the TETFund Executive Secretary, Dr. ...

The Rafi Local Government in Niger says it has spent about N75 million on the construction of a 500-capacity conference hall at Kagara town. Alhaji Gambo Kagara, the Chairman of the local government council disclosed this in an interview on Tuesday in Minna. Kagara said that the projects would enhance revenue generation of the council. He said that funds realised ...

Stakeholders in the housing sector have urged the federal government to immediately work out a modality to establish a special intervention fund to take care of the housing deficit of Nigerians. They made the call in Abuja at the 2nd annual Nigeria Housing Finance Conference and Affordable Housing fair 2018 organised by the Nigeria Integrated Social Housing Cooperative Society Limited ...

The Lagos State Building Control Agency (LASBCA) has given a seven-day ultimatum to owners of distressed buildings across the state to demolish them or bear the risk and cost of their demolition by the agency. The LASBCA General Manager, Olalekan Shodeinde, gave the ultimatum on Monday in an interview with the News Agency of Nigeria in Lagos. Shodeinde said that ...

A Grade 1 Area Court in Aso-Pada, Mararaba, Nasarawa State, has sentenced a 24-year-old man, Jonathan Samuel, to two years imprisonment for stealing church property worth N310,000. The convict, who resides behind St. Augustine’s Catholic Church, Aso-Pada, Mararaba, had pleaded guilty to a three-count charge of criminal conspiracy, trespass and theft. The judge, Yusuf Yaqub, however, gave the convict an ...

The Central Bank of Nigeria (CBN) has published the list of thirty-four (34) entities as licensed primary mortgage banks in Nigeria as at the month ended September 30, 2018. The list released by CBN yesterday revealed that eighteen (18) firms or fifty-three (53%) per cent (approx.) of the licenced PMBs operate out of Lagos (In our review of the table, ...

The Federal Government has approved the construction of 35km concrete road by Dangote constructions, a subsidiary of Dangote Group, from Tincan to toll gate in Lagos State. Minister of Power, Works and Housing, Babatunde Fashola, disclosed this during a special townhall meeting on infrastructure organized by the Ministry of Information and Culture in Ibadan, Oyo State. The minister, who noted ...