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Tag Archives: Federal Government

King’s college seeks FG’s intervention on infrastructure

King's College

The Principal of King’s College, Lagos, Mr. Isaac Kolawole, said the school had embarked on rehabilitation of its dilapidated infrastructure to provide enabling environment for academic excellence. Kolawole said this during the school’s 2018/2019 matriculation ceremony in Lagos on Saturday. The principal explained that most of the school’s infrastructure was dilapidated adding that he felt “the need for an academic ...

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FG urged to Involve Private Sector in Infrastructure Financing

Private sector

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 ...

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Federal government moves to release funds to improve schools’ infrastructure

Private sector

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. ...

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Stakeholders demand special fund for housing deficit

infrastructure

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 ...

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Lekki Gardens subscribers drag company, MD to court

Lekki Gardens

Over 20 unit owners in Horizon Premier-1 Estate in Lekki, Lagos have dragged the developer, Lekki Gardens Estate Limited, and the Managing Director of the company, Richard Nyong, to a Lagos High Court over the alleged distortion of the estate layout to build shops in the space originally meant for children playground, green area and recreation facilities. In the suit ...

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Operators move to invest N8trn pension assets on infrastructure

Pension Operators

Pension operators have advocated that the Federal Government invest the over N8.33trillion pension assets into viable infrastructure projects. The pension operators have also said they want such investments to be well-structured and creditworthy. The President, Pension Fund Operators Association of Nigeria (PenOp) Mrs. Aderonke Adedeji, said at a retreat for legislators in Calabar, that for the first time Nigeria can ...

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FG set to harmonise quality of building materials

building materials

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 ...

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FG Flags Off N1.07b Erosion Control Project In Akwa Ibom

erosion control

The Federal Government on Thursday flagged off N1.7billion erosion control work on Nduetong Oku-Ikpa road, cutting across Uruan and Uyo Local Government Areas of Akwa Ibom. Senator Ita Enang, Senior Special Assistant to President Muhammadu Buhari on National Assembly Matters (Senate), did the flagging off ceremony. He said that the project would alleviate the suffering of the people and boost ...

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FG exposes 114 companies involved in property fraud

property fraud

Property fraud – The Federal Government has uncovered 114 companies neck deep in shady land deals, even as it raked in N1.173 billion in tax revenues from January till date. The Executive Chairman, Federal Inland Revenue Services (FIRS), Tunde Fowler, made the disclosures in Abuja at the African Union high-level panel on illicit financial flows from Africa. According to him, ...

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