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Tag Archives: Federal Government

South-east govs want Second Niger Bridge ready in two years

Niger Bridge

The south-east governors’ forum has urged President Muhammadu Buhari to ensure that the construction period of the Second Niger Bridge is reduced from 42 months to 24 months. Dave Umahi, chairman of the forum, made the appeal when he spoke to state house correspondents after a closed-door meeting with the president. Umahi said members of the forum were at the ...

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Second Niger Bridge: Federal government approves N206b contract

Second Niger Bridge

Babatunde Fashola, the Minister of Power, Works and Housing, says the Federal Government has awarded N206 billion contract for the main work on the Second Niger Bridge. Fashola who spoke in Abuja during an interactive session with newsmen noted that the contract was awarded to Julius Berger Construction Company. He said that the project, expected to be completed in 36 ...

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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


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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