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Tag Archives: infrastructure development

AfDB secures $1b for infrastructure development


The African Development Bank (AfDB), along with some partners across the globe, has announced the securing of $1bn to enable investment in infrastructure development across the African continent, including Nigeria. The announcement, which was made in Ottawa, Canada, according to a statement made available to our correspondent by the AfDB, listed the partners in the multi-level securitisation to include the ...

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FG signs MoU with Japan to promote infrastructure investments


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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Kemi Adeosun advocates more support for infrastructure development

Kemi Adeosun

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has called on the African Export-Import Bank (Afreximbank) to invest more in the area of infrastructure development with a view to promoting trade and investment on the continent. Adeosun made the call on Wednesday in Abuja, at the opening of the Afreximbank Annual General Meeting and 25th Anniversary of the organisation tagged: “Celebrating ...

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NCC harps on improving infrastructure for economic growth


Prof. Umar Danbatta, the Executive Vice- Chairman, Nigeria Communications Commission (NCC), on Thursday said Nigeria’s economic development could only be facilitated and accelerated by the availability of infrastructure. The executive vice-chairman made this assertion during the Business Journal’s 10th Anniversary Lecture and Award held at Sheraton, Ikeja. The theme of the event was: “Infrastructure and Economic Growth: Exploring the Strategic ...

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Kwara Gov. claims improved IGR is boosting infrastructure


IGR – Governor Abdulfatah Ahmed of Kwara State says the internal revenue reform carried out by his administration has enhanced the capacity of the State government to meet its recurrent obligations and implement capital projects. Speaking during an interactive session with newsmen in Ilorin, Governor Ahmed said the reform which led to establishment of the Kwara State Internal Revenue Service ...

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Buhari approves $650m seed funding for Presidential infrastructure development

infrastructure development

Earlier this month, President Muhammadu Buhari approved the establishment of a Presidential Infrastructure Development Fund (PIDF) with seed funding of $650m from the Nigeria Liquefied Natural Gas (NLNG) Dividend Account as approved by the National Economic Council (NEC). The fund will be managed by the Nigeria Sovereign Investment Authority (NSIA) and invested specifically in critical road and power projects across ...

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Stakeholders commend Ambode over 50% LUC slash


Governor Akinwunmi Ambode of Lagos State has been lauded for approving the downward review of the amended Land Use Charge Law 2018 to 50 percent for commercial property as well as other LUC waivers that will give economic succour to owners of property and taxpayers in Lagos State. Lagos State Commissioner for Finance, Mr Akinyemi Ashade, at a media briefing ...

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Kogi State partners with Julius Berger to construct 10 road projects

Julius Berger

Kogi State Government says it is in partnership with Julius Berger Nigeria PLC to construct 10 key roads across the three Senatorial districts of the state for infrastructure development of the state. Mr Abdulmumuni Sadiq, Commissioner for Works, disclosed this on Monday in Lokoja while addressing journalists at the end of a Reconnaissance Survey of the roads by a team ...

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The Impact of Infrastructural Development On Real Estate Values

real estate values

The real estate industry has increasingly become relevant to our economy. However in recent times, the prices of real estate goods and services have risen rapidly with home prices increasing sharply in comparison to prices of goods and services in other industries. At the same time, housing demand has posed economic and social challenges, arousing continental and universal concerns. This ...

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Lagos Govt. To Embark On Wide-Range Of Facilities Renewal

Economist Intelligence Unit

The Lagos State Government on Sunday said it would partner with suitable entities on a Public-Private-Partnership (PPP) basis to undertake the development and delivery of a wide-range of facilities in the state. The Commissioner for Information and Strategy, Steve Ayorinde, said in a statement in Lagos that it was in continuation of the government’s commitment to urban development and expansion ...

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