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Tag Archives: budget

Cost of construction on Lagos-Ibadan road section increases to N134b

Lagos-Ibadan

The construction cost for section one of the Lagos-Ibadan Expressway, Lagos to Sagamu Interchange, has increased to N134bn. This was revealed by the Federal Controller of Works, Lagos, Adedamola Kuti, at the opening of barricaded construction zones at Asese/Mowe sections of the road to motorists on Tuesday. According to Kuti, “The initial contract sum of this project was N70bn but ...

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How To Supervise Building Projects

supervise building projects

To supervise building projects you first have to identify the most important part of the building project that cannot be overlooked. Building projects include some elements in common, like design, estimation, financial and legal issues, and supervision as well. This article gives an insight on “how to supervise building projects” If you are saddled with the responsibility to supervise building ...

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Housing firm takes extension to the mainland with 1.4bn homes

Housing firm takes extension to the mainland with 1.4bn homes

Lagos-based property development firm, Messrs Tetramanor has announced plans to expand its housing firm in the mainland area, with 40-units of homes in the Ebuta-Metta axis of Lagos. The new project called; TM Meadows, about five-minutes from the Third Mainland Bridge consist of 40 units of two, three and four bedrooms all fully finished and having maid’s rooms. The estate ...

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2018-Kaduna State earmarks 7.3bn for road construction

2018-Kaduna State earmarks 7.3bn for road construction

The Kaduna State Government has earmarked N7.3 billion for the construction of township roads in the 2018 budget estimate approved by the state assembly. NAN report that the figure was contained in the 2018 budget obtained from the state’s Planning and Budget Commission. A total of N21.66 billion was allocated to the agency, out of which N20.83 billion was for ...

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PDP-Obaseki’s budget is full of deceit and duplication

Obaseki's budget is padded

Edo State Peoples Democratic Party (PDP) has said the 2018 Governor Godwin Obaseki’s budget signed into law is full of deceit and duplication. It said the budget would inflict pains on people. PDP said the budget was padded to the tune of N2.5 billion and funds were allocated to projects already completed and inaugurated by ex-Governor Adams Oshiomhole. It said ...

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Gov. Darius Ishaku proposes N96.5bn Taraba budget to legislature

Taraba budget

Gov. Darius Ishaku has proposed about N96.5bn as Taraba budget to the state legislature for 2018 fiscal year. While laying the estimates before the legislators in Jalingo, Ishaku explained that the budget proposal was about 12 per cent lower than the estimate for 2017 when the state budgeted N110.1 billion. He said that N41.2 billion of the Taraba proposed budget ...

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Quantity surveyors seek role in budget process

Quantity surveyors seek role in budget process

The Guardian reports that Lagos-based cost accountants have raised eyebrows on the method being employed in preparation of the nation’s budget, saying the system has cost Nigeria billions of naira yearly. They noted that the exclusion of surveyors, who are meticulous, analytical and empirical in budget process especially in infrastructural projects is a disservice to the nation and intentional in ...

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