Tag Archives: infrastructure project

JOSEPH Toluhi, North-West Zonal Director of Housing, Federal Ministry of Power, Works and Housing, has threatened to revoke seven contracts in Kebbi site of the National Housing Programme. Toluhi spoke on Wednesday in Birnin-Kebbi during an inspection of the National Housing Programme site in Kebbi. He said that the threat was as a result of poor performance of the seven ...

The International Monetary Fund (IMF) has urged Nigeria to prioritise and embark on infrastructural projects that would boost the economic growth of the Nation. Mr. Paolo Mauro, Deputy Director, IMF Fiscal Affairs Department, said this on Wednesday during the launch of the Fiscal Monitor Report for October at the on-going IMF/World Bank Group (WBG) Annual Meetings in Bali. The report ...

The federal government has announced approval for the issuance of another tranche of N100 billion Sukuk bond for the construction of roads in Nigeria. This was disclosed at a Two-Day Training on Sukuk Structurisation and Management yesterday in Abuja, organised by the Metropolitan Skills Ltd in collaboration with the Federal Ministry of Finance, and Standing Committee for Economic and Commercial ...

TAX CREDIT – In 2014, the National Integrated Infrastructure Master Plan estimated that financing Nigeria’s infrastructure would gulp $2.9 trillion in the next 30 years. At N360 per dollar exchange rate, government, therefore, requires N36 trillion annually for 30 years to meet infrastructure development needs of the country. Traditional funding from budgetary allocations to different levels of government can no longer ...