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Tag Archives: Infrastructure

Badagry residents lament poor infrastructure

Badagry residents lament poor infrastructure

The Nation reports that residents of Badagry have decried the epileptic electricity supply and deplorable roads. They urged government to increase its developmental projects in the area. At a sensitisation programme organised by the Public Advice Centre, Lagos State Ministry of Justice, Secretary to the Royal Council and Baale of Yafin, Chief Abiodun Patinvoh called for construction of fences in ...

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NSIA , Guarantco Establish Infrastructure Credit Agency

NSIA , Guarantco Establish Infrastructure Credit Agency

The Nigeria Sovereign Investment Authority (NSIA) in conjunction with  Guarantco have floated the Infrastructure Credit Enhancement Facility (infcredit), a special agency dedicated for financing critical infrastructure. Billed for operations from the second quarter of 2017, Chinua Azubike, has been appointed as Chief Executive Officer of InfraCredit, New Telegraph reports. Stating these in a statement issued yesterday by NSIA Media Adviser, Titilope ...

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Nigerian engineers critical to infrastructure development – Buhari

FG inaugurates committee on BoA restructuring, recapitalisation

The Nation reports that President Muhammadu Buhari, on Tuesday said that his administration will heavily utilize talents and skills of local engineers to rebuild ailing infrastructure across the country. According to The Nation, he described Nigerian engineers as ‘‘competent and cost effective.’’ Speaking at an investiture ceremony by the Nigerian Academy of Engineers (NAE) at the State House, President Buhari said the well-trained ...

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Ikeja Electric spends N11bn on electricity infrastructure upgrade

KEDCO Assures Residents of Better Service Delivery

The Acting Chief Executive Officer (CEO) of Ikeja Electric (IE), Mr. Anthony Youdeowei, said that investments for electricity infrastructure upgrade by IE have hit N11 billion since its take over as the core investor three years ago. He made this known at a media round-table for energy editors in Lagos. New Telegraph reports that he maintained that the N11 billion ...

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Pat Utomi calls on FG to invest in infrastructure to end recession

Pat Utomi calls on FG to invest in infrastructure to end recession

In order for the country to move out of recession, Prof. Pat Utomi, a Political economist and Management analyst, has urged the Federal Government to invest massively in infrastructure. The Nation reports that Prof. Utomi also advised the government to make funds available to micro, small and medium scale enterprises (MSMEs) and boost the production of raw materials for finished goods ...

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President Buhari tasks private sector on economic recovery

FG inaugurates committee on BoA restructuring, recapitalisation

President Muhammadu Buhari, on Thursday, tasked the private sector operators in the country, to take the lead in the efforts at resuscitating the nation’s ailing economy, saying they hold the key to quick economic recovery. According to National Mirror, the president, who spoke at the 44th Annual General Meeting of the Manufacturers Association of Nigeria (MAN) held in Abuja, and attended by lawmakers and members of the Organised Private Sectors (OPS), enjoined the ...

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Global Summit set to Ensure Pension Funds are Invested in the Real Sector

The Director-General of the National Pension Commission (PenCom), Mrs Chinelo Anohu-Amazu

The Director-General of the National Pension Commission (PenCom), Mrs Chinelo Anohu-Amazu, said the World Pension Summit Africa Special that will kick off in Abuja next week will deepen the discussion around ensuring that pension funds were invested in the real sector for visible and measurable impact on the economy, while also boosting retirement benefits, Vanguard reports. Anohu-Amazu said she was ...

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House of Reps Member Calls for Equality in Allocation of Constituency Projects

House of Reps Member Calls for Equality in Allocation of Constituency Projects

A member of the House of Representatives, Mr. Daniel Reyenieju, has urged members of the National Assembly as they resume from their annual vacation to rededicate their efforts to address the current economic reality through institutional collaborative efforts so as to soon put same behind the Nigerian masses. In a telephone chat with Vanguard, Reyenieju who represents Warri Federal Constituency said ...

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Oshodi-Isolo Urban Renewal Plan Commences

Oshodi-Isolo urban renewal plan commences

In furtherance of creating a better environment in Lagos, the Lagos State Government commences the Oshodi-Isolo Model City Plan. The Guardian reports that the proposed new plan promoted by the State’s Ministry of Physical Planning and Urban Development through an urban and regional planning firm, Vistaplan consulting would involve the evaluation of the level of performance in the area of infrastructural ...

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Lack of Funds Threatens Gombe Water Project

Lack of Funds Threatens Gombe Water Project

The Gombe Water Project is currently being stalled by lack of funds. This is based on a statement by the Manager of Gombe State Water Board, Isa Muhammad, who revealed in a report by The Guardian that prolonged maintenance at the treatment plant has put the state capital in an acute water scarcity.  Muhammed said the Board would soon establish a ...

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