The International Monetary Fund (IMF) has urged Nigeria to prioritise and embark on infrastructural projects that would boost the economic growth of the Nation. Mr. Paolo Mauro, Deputy Director, IMF Fiscal Affairs Department, said this on Wednesday during the launch of the Fiscal Monitor Report for October at the on-going IMF/World Bank Group (WBG) Annual Meetings in Bali. The report ...

The federal government has announced approval for the issuance of another tranche of N100 billion Sukuk bond for the construction of roads in Nigeria. This was disclosed at a Two-Day Training on Sukuk Structurisation and Management yesterday in Abuja, organised by the Metropolitan Skills Ltd in collaboration with the Federal Ministry of Finance, and Standing Committee for Economic and Commercial ...

Minister of the Federal Capital Territory (FCT), Malam Muhammad Musa Bello, has solicited for housing loans for Federal Capital Territory Administration staff (FCTA staff). Speaking during a courtesy visit to the executive secretary of the Federal Government Staff housing loans Board, Dr. (Mrs.) Hannatu Adamu Fika Bello reiterated his concern and commitment to the welfare of staff of the administration. ...

Contractors handling various site projects in the Federal Capital Territory, Abuja, have abandoned the sites, stalling infrastructural development in the nation’s capital. Investigation showed that works had stopped on the major road linking Area One roundabout to Galadima roundabout with motorists facing serious traffic gridlock at the junction in the mornings and evenings. Checks also indicated that works on the ...

The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, has approved the sum of N5.202 billion for the construction of a road project in Sokoto State. Minister of State, Power, Works and Housing, Suleiman Hassan, explained that the Federal Executive Council (FEC) approved the award of contract for the construction of Kagigi, Jaro, Goraye, and Takwaco road project ...

LAFIA – The Federal Mortgage Bank on Wednesday started the construction of 100 Housing units in Nasarawa State as part of effort to alleviate the plight of Federal Government workers in the country. Delivery a speech during the flag-off ceremony at Kwamdere in Lafia Local Government Area of the state, the managing director/chief executive officer of the bank, Ahmed Dangiwa, ...

An 18-year-old man, Safullahi Hassan, was on Tuesday arraigned in a Karshi Grade 1 Area Court, Abuja, over alleged receipt of stolen property worth N54,000. The defendant, a resident of Nyanya Pantaker, Nyanya, Abuja, is facing a charge of dishonestly receiving and purchasing stolen property, an offence he denied committing. The prosecutor, Mahmud Lawal, told the court that the defendant ...

The proprietor of Whiteplains British School has approached the Court of Appeal to challenge the judgment of the lower court over the tripartite legal mortgage agreement with First Bank of Nigeria Plc. The school has been in the news lately over alleged attempt by the bank to take over the school, following the judgment given by Justice Binta Nyako of ...

The federal government has joined forces with stakeholders in the construction, research, standardisation and building materials sector to harmonise the quality of building materials in order to avert incidences of building collapse. The minister of power, works & housing, Babatunde Raji Fashola, stated this in Abuja yesterday at the 6th national housing summit, organised by Nigerian Institution of Estate Surveyors ...

The Police on Monday arraigned a 42-year-old man, Adams Dokse, in a Karu Magistrates’ Court, Abuja, for destroying property worth N511,500. Dokse was arraigned on a two-count charge bordering on trespass and mischief, offences he denied committing. The prosecutor, Vincent Osuji, told the court that one Robert Ach-Ugbede of Supreme Court Quarters, Karu, Abuja, reported the matter at the Karu ...