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Tag Archives: FG

Osinbajo churns out warning to AMCON debtors


Vice President Yemi Osinbajo, at the weekend, said the federal government will deal decisively with individuals and organisations that made the list of high-profile obligors of Asset Management Corporation of Nigeria (AMCON). He said the debtors have made it impossible for the corporation to resolve its outstanding N5trillion debt, thereby holding the entire country to ransom with their bad behaviour. ...

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Rail construction: Lagos residents seek FG’s intervention over flooding


Residents of Akinde Street, off Balogun Road, Ishaga, Lagos State, are apprehensive that their property will be affected by severe flooding during the upcoming rainy season following the rehabilitation of the existing railway line that connects Lagos State with other states of the federation and the construction of a new one. According to the residents, they encountered severe flooding during ...

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Contractors lament lack of funds for road projects

road projects

The Minister of State for Works, Power and Housing, Mustapha Shehuri, has said the Federal Government does not have the financial capability to fund all road projects. Shehuri stated this while inspecting the Auchi-Okenne section of the Benin-Abuja Highway, where the contractor handling the road projects attributed the slow work on the road to insufficient fund. The Project Manager of ...

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FG plans to explore public-private partnership in road construction


The Federal Government (FG) has said it is considering Public-Private Partnership (PPP) option in the funding of roads construction across the country. The minister of State for Power, Works, and Housing, Mustapha Shehuri, disclosed this on Thursday during the inspection of the dualization of Benin-Auchi-Okene end of the Lokoja-Abuja road. “Government is looking for other sources of funding for road ...

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Real estate firm builds 256 houses with 80% local materials

real estate firm

In compliance with the federal government’s directives on local content, a real estate firm, OPIC, said it has commenced the offer to prospective buyers 256 houses constructed with 80 percent locally sourced materials. According to its Managing Director of the real estate firm, Jide Odusolu, the first phase of the housing units will be completed and delivered to prospective allottees ...

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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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Erosion: FG commissions communities with access roads

access roads

The Deputy Chairman, Senate Committee on Ecology and Climate change, Senator Benjamin Uwajumogu has said the quick intervention of the Ecological Fund Office has provided access roads to Agenebode and Fugar communities in Edo state. Sen. Uwajumogu, vowed that no part of the country would be neglected due to its geographical location or political consideration. He made this statement during ...

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NIPOST set to use property investment to generate money


The federal government will leverage on the massive infrastructure of the Nigerian Postal Service (NIPOST) spread across the country to diversify revenue streams of the Service to generating revenue into government coffers. The Minister of Communications, Adebayo Shittu made this known at a one-day stakeholders’ conference organised by NIPOST held in Lagos on Friday. The Minister said the NIPOST will ...

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FG shifts completion date for Lagos-Ibadan expressway project

Lagos-Ibadan expressway

The Federal Government will no longer meet its December 2018 date for the completion of the Lagos-Ibadan expressway project. This was disclosed by the Federal Controller of Works in Lagos, Adedamola Kuti. The Federal Government had earlier promised to deliver the project by the end of 2018. The Minister of Information, Alhaji Lai Mohammed, was one of the government officials ...

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Third mainland bridge closure: 5 things to note

Third mainland bridge

The Third Mainland Bridge, longest bridges in Nigeria and one of the top three in Africa that connects Lagos Island to the mainland areas will be temporarily closed from 12 midnight today till Sunday, August 26th, 2018. This is to enable test assessments on the level of the bridge, which is one of the most strategic and economic linking Lagos ...

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