Tag Archives: FG

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has called on government at all levels to invest more in the provision of real estate and infrastructure to boost the nation’s economy. The National President of the Institution, Dr Bolarinde Patunola-Ajayi, said this on Tuesday at a news conference to showcase activities for the 48th annual conference and Annual General ...

Federal Government, in connection with the Kwara state government, is set to complete a 76- unit housing project in Il orin metropolis, Ilorin West local government area of the state as part of efforts to bridge housing deficit in the country. Conducting journalists round the housing project on Wednesday, the federal controller, ministry of Housing, Architect Kunle Shonibare and Director ...

Real Estate Developers are appealing to government to develop the infrastructure needs to enable them easily provide affordable housing. According to them, it is the duty of government to provide the roads, drainage system and other infrastructure needs, since such activities are capital intensive and add to the cost of building. Ghana’s housing sector has been faced with a worsening ...

The Federal Government has invested over N6 billion to develop infrastructure at the Maritime University, Okerenkoko, Delta State. In 2017, President Muhammadu Buhari approved an increase in the take-off grant allocated to the university from the N2 billion earlier announced to N5 billion. This sum was included in the 2018 budget presented to the National Assembly in November 2017. Similarly, ...

Low tax revenues, huge obligatory spending and higher local currency debt amounting to 350 per cent have been adduced among reasons Nigeria has low investment in infrastructure development. Decrying the situation, renowned Chartered Accountant and current Chairman of the Lagos State Economic Advisory Committee Mr. Bode Agusto, pointed out that years ended 2016, Nigeria only invested 2.1 per cent of ...

Two stakeholders in the oil and gas sector have sought the help of the Federal Government to make private sectors take charge of the on-going gas infrastructure project in order to enhance strategic investment. The stakeholders were; Mr Austin Avuru, the Managing Director of Seplat Petroleum Development Company Limited and Mr Ademola Adeyemi-Bero, the Managing Director, First Exploration and Petroleum ...

All contractors working on the construction of federal road projects across the country have been paid, the Federal Government has said. According to the Minister of Power, Works and Housing, Babatunde Fashola, none of the contractors working for the Federal government is being owed and as a result of this, none of them should delay construction and rehabilitation works on ...

The Senate President Dr. Bukola Saraki was on Tuesday re-arraigned in the Code of Conduct Tribunal (CCT) over false assets declaration. Tuesday’s arraignment followed a ruling at the Abuja division of the Court of Appeal in Dec. 2017 which dismissed 15 out of the 18-counts charges preferred against him in 2015. The News Agency of Nigeria (NAN) recalled that the ...

The Anambra State Elders Council has asked the Federal Government to urgently refund the over N43billion debt confirmed as due to Anambra State for its expenditure on federal roads and bridges. The Council made the demand in a 9-point communiqué issued at the end of its meeting at the Governor’s Lodge, Amawbia and presented by the Chairman of the State ...

Abuja – The National Assembly has been told that the comatose Ajaokuta Steel Rolling Complex will become operational if the sum of $1.2 billion is invested into it. The Sole Administrator of the complex, Sumaila Abdul-Akaba, made the disclosure at an interactive session with the Senate and House of Representatives Joint Committee on Power, Steel Development and Metallurgy. In his presentation, ...