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Tag Archives: Federal Government

Court Orders Final Forfeiture Of N204.2m Ikoyi Property

Ikoyi property

Justice Chuka A. Obiozor of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, October 3, 2018, ordered the final forfeiture of Ikoyi property worth N204, 200,000 recovered from one Joy Obiageli Oti by the Economic and Financial Crimes Commission, EFCC, to the Federal Government. The judge had on April 25, 2018, ordered the interim forfeiture of the property, ...

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FG’s New Gas Infrastructure will Attract $30bn Investment

Gas infrastructure

The federal government yesterday disclosed that it would launch a gas infrastructure revamp programme in November. The project is said to have the potential of attracting between $20 billion and $30 billion of investments into the petroleum industry and could also help address the infrastructural deficiencies in the industry. Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, disclosed this ...

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FG has made remarkable efforts in trade support infrastructure –Amaechi

Amaechi

Minister of Transportation, Rotimi Amaechi has said that the Federal Government has developed trade support infrastructure to boost trade between Nigeria and other countries. This was contained in a statement by Mr. Muhammad Idris, Director, Press and Public Relations, Nigeria Shippers Council on Tuesday in Abuja. Amaechi made this known at the opening of a two-day Sub-Regional Workshop and Joint ...

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FG commences upgrade on Housing Estates across the country

Housing estates

The Federal Government yesterday unveiled its plans to upgrade and maintain all the Housing Estates across the country. Under this programme, which is tagged: “Intervention of Urban Renewal”, all the housing estates built by the federal government and private individuals would be captured. To kick off the programme, which is supervised by the Federal Housing Authority (FHA), the Minister of ...

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Federal government to demolish houses built on waterways

waterways

The federal government has said it would demolish houses built on waterways that violated the master plan in its housing estates.   Minister of state, power, works & housing II, Surv Suleiman Zarma disclosed this in Abuja yesterday during the inspection tour of Federal Housing Authority (FHA) estate in Lugbe, Abuja, in company of the managing director of FHA, Prof ...

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Tafawa Balewa University urges FG to support school’s infrastructure development

Abubakar Tafawa Balewa University

The Vice-Chancellor of the Abubakar Tafawa Balewa University, ATBU, Bauchi State, Prof. Abdulrahman Ibrahim, has called on the federal government, as a matter of urgency, upgrade, as well as provide adequate infrastructure within the university premises. Prof. Ibrahim, also lamented that the school’s budget is grossly inadequate for project execution. This is even as he craved for the support and ...

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FG signs MoU with Japan to promote infrastructure investments

Japan

The federal Ministry of Transportation has signed a Memorandum of Understanding (MoU) with Japan for cooperation in promoting quality infrastructure investment and continuing cooperative relationship between Nigeria and Japan. Nigeria’s minister of transportation, Chibuike Rotimi Amaechi, signed the MoU on behalf of the federal government with Japan’s state minister of land, infrastructure, transport and tourism, Tsukasa Akimoto at the ministry’s ...

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FG negotiates $6bn loan for Ibadan-Kano rail construction

Ibadan-Kano rail

The Federal Government is currently negotiating a loan of about $6bn with the China Export-Import Bank for the construction of the Ibadan-Kano rail line. It has also approved $195m for the security of Nigeria’s waterways by an Israeli firm in order to curb criminal activities in the maritime sector. The Minister of Transportation, Rotimi Amaechi, disclosed these at an interactive ...

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FG approves reconstruction of port access roads

access roads

The Federal Government has approved the reconstruction of the port access roads running from Apapa port to the old toll gate in Ketu-Berger areas of Lagos. Disclosing this in Lagos, Managing Director of the Nigerian Ports Authority, NPA, Ms. Hadiza Bala-Usman, said that the Federal Executive Council, FEC, has approved ₦72 billion for the reconstruction of the port that will ...

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Federal government reassures investors of infrastructure development

infrastructure

The Nigerian government has restated its commitment to business development through improved investment in infrastructure. President Muhammadu Buhari gave the reassurance at the inauguration of the 250 million dollars plant of International Breweries Plc, in Sagamu, Ogun State. Buhari said his administration was also focused on creating enabling business environment across the country. He called on international companies to invest ...

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