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Tag Archives: funds

Expert says FG needs to borrow more money to fund infrastructure

infrastructure

The Federal Government must take more loans if its plan to fund infrastructure is to be realised, according to the Senior Analyst at Agusto & Co, Mr. Jimi Ogbobine. Ogbobine said this on Sunday at a training for financial journalists during the Finance Correspondents Association of Nigeria 2018 annual workshop in Lagos. He stated that the government was expected to ...

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Nigeria requires Capital market to fund infrastructure – Osinbajo

Nigeria

Nigeria needs the capital market to raise long-term funds necessary for infrastructure funding, Vice President, Prof. Yemi Osinbajo, has said. Osinbajo, who stated this at the Second Capital Market Stakeholders’ Forum organised by joint Senate and House of Representatives Committees on Capital Market and Institutions in Abuja, yesterday, said: “Given that capital is extremely important for business, it implies that ...

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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 ...

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FG seeks alternative funding for Lagos-Ota-Abeokuta road

Lagos-Ota-Abeokuta

The federal government is seeking alternative funding for the rehabilitation of the Lagos-Ota-Abeokuta road, having realised that budgetary provisions would lead to the repair work being abandoned again. The Director, Federal Highways, South West, Busari Olalekan, an Engineer, who represented the Minister of Power, Works and Housing, Mr. Babatunde Fashola at the resumption of rehabilitation of the road, recently, assured ...

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Workers demand withdrawal of funds from NHF

NHF

For not meeting their housing needs, Federal Government employees are mounting pressure to break the monopoly of National Housing Fund (NHF) on workers’ contributions. To show their seriousness, they are currently seeking withdrawal of their contributions from the NHF to Federal Government Staff Housing Loans Board (FGSHLB) for easy access to their money. Their demand is contained in the proposed ...

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Kebbi approves N948million to compensate property owners affected by road projects

Kebbi State Governor

Gov. Atiku Bagudu of Kebbi has approved the release of N984 million as compensation to property owners affected by ongoing township road construction projects in eight major towns in the state. The governor disclosed this in a statement by his Press Secretary, Alhaji Abubakar Muazu, made available to newsmen in Birnin Kebbi on Monday. Giving a breakdown of the amount, ...

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Real estate experts urge FG to create infrastructure fund

Real estate experts urge FG to create infrastructure fund

After an initial effort by Buhari administration that eventually turned out to be a ‘false start’, a fresh call has been made by real estate experts for the creation of an infrastructure fund, which will lead to significant private sector investments and economic growth. Figures obtained show that Nigeria is under investing in infrastructure. For instance, during the five years ...

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Fashola announces launch of N10 billion EEP fund for community dwellers

Fashola announces launch of N10 billion EPP fund

The Minister of Power, Works and Housing, Babatunde Fashola announces launch of N10 billion EPP (Energizing Education Programme) fund by the federal government in 2016, aims at improving the lives of community dwellers and boosting their businesses and by that check rural-urban drift in addition to solving the power challenges of 37 Federal Universities and Teaching Hospitals. He has also ...

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NSIA makes massive plans on infrastructural investment

NSIA investments

The Nigeria Sovereign Investment Authority on Wednesday said it was planning to invest massively in the Nigerian Infrastructure Debt Fund being managed by Chapel Hill Denham Nigeria. The NSIA said this in a statement issued in Abuja and signed by its Communications Adviser, Mr. Titilope Olubiyi. It, however, did not disclose the amount to be invested, but added that the ...

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Builders support government’s land revocation and reallocation order in Abuja

land revocation and reallocation order in Abuja

Independent reports that former president of Nigerian Institution of Building (NIoB) and former Minister for Sports, Bala Kaoje, has supported government’s land revocation and reallocation order in Abuja, saying funds generated therein would be used for development of other areas. The former president Association of Professional Bodies of Nigeria (APBN) remarked that the leadership of the FCT has been very ...

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