Home » Tag Archives: FG

Tag Archives: FG

FCTA rehabilitates Abaji-Rubochi 10km road

FCTA

The Federal Capital Territory Administration (FCTA), through the Satellite Towns Development Department (STDD) has flagged off the rehabilitation of Abaji-Rubochi 10.2 kilometers road, at the cost of N490 million. Speaking during the flag-off ceremony yesterday, Minister of the Federal Capital Territory (FCT), Malam Muhammad Musa Bello, revealed that the administration has paid 15 per cent mobilization fee to an indigenous ...

Read More »

FG promises steady funding of Second Niger Bridge, others

Niger Bridge

The Federal Government has said it will ensure steady funding of three major projects namely; Lagos-Ibadan highway, Second Niger Bridge and Kano-Abuja road until they are fully completed. Minister of Power, Works and Housing, Babatunde Fashola, gave the assurance at the flag-off of Abuja-Kaduna-Zaria-Kano road project in Kano State. He said the uninterrupted funding of the projects would be sourced ...

Read More »

Infrastructural development: Experts urge FG for partnership with private investors

infrastructural development

Experts in the built environment have asked the federal government to give room for private sector to actualise its infrastructural development plan. They said Nigeria needs N115 Trillion to grow at six to seven per cent yearly exceeding its population growth of over 2.7 per cent. According to Mr. Emmanuel Obe, a real estate developer, government must provide the enabling ...

Read More »

NMRC seeks N440 billion debt programme approval

approval

The Nigeria Mortgage Refinance Company (NMRC) plans to seek approval from members by the end of the month to triple the size of its debt programme to N440 billion ($1.44 billion), the state-backed mortgage agency said on Monday. Nigeria set up a mortgage-backed guarantee company in 2014, partly with World Bank aid, in an effort to boost lending through the ...

Read More »

FG deploys over N5 trillion pension funds in infrastructure

pension

Eleven years after it was created, the Federal Government and states have cornered over N5 trillion from workers’ pension contributions under the Contributory Pension Scheme for infrastructure development and other financial commitment. The amount received through investment in their various capital market instruments represents over 70 per cent of the N8 trillion pension assets currently being managed by Penson Fund ...

Read More »

FG commissions N461 million erosion control project in Taraba

erosion

The Federal Government has handed over N461 million culvert and drainage construction for erosion and flood control works to communities in Kofar Fada, Shettima and Kasuwan Yelwa areas of Taraba State. The project was executed by the Ecological Fund Office (EFO), which is domiciled in the Office of the Secretary to the Government of the Federation (OSGF). Speaking during the ...

Read More »

FG approves N6.5 billion for construction of ITF conference center

ITF

The Federal Executive Council on Wednesday approved N6.5 billion for the construction of phase II and the completion of the Industrial Training Fund (ITF) multi-purpose conference centre in Abuja. The Minister of Industry, Trade and Investment, Okechukwu Enelamah, stated this while addressing State House correspondents after the cabinet meeting. He said: “The importance of this is that the ITF is ...

Read More »

AMCON loses bid to take over Federal Secretariat land and property

AMCON

The Asset Management Corporation of Nigeria, (AMCON) has lost its bid to take over the land and property known as the Federal Secretariat Complex, in Ikoyi Lagos. Justice Ibrahim Buba in a judgment delivered at the Federal High Court Sitting in Lagos on Wednesday reiterated that the Federal Government of Nigeria and it’s agencies are bound to recognize an arbitral ...

Read More »

FG completes 1,350 houses for Civil servants, issues allocation letters

civil servants

The Federal Government has disclosed that a total of 1, 350 houses have been completed at various locations in Abuja and Lagos and their letters of allocation will be ready for distribution. The beneficiaries (civil servants) are under the Federal Integrated Staff Housing (FISH) programme. FISH programme, which is the initiative of the Head of the Civil Service of the ...

Read More »