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Tag Archives: Infrastructure

Buhari govt expends N1.7trillion on infrastructure in 2 years – Osinbajo

Osinbajo

Vice President Yemi Osinbajo says the Federal Government has spent N1.7 trillion in capital investment in two budget years. Osinbajo disclosed this while addressing participants at the 9th Presidential Quarterly Business Forum held at the State House Banquet Hall on Monday in Abuja. The vice president said that infrastructure development was crucial in economic growth and job creation. He commended ...

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Capital market operators caution FG on financing of infrastructure

capital market

Capital market operators, under the aegis of Chartered Institute of Stockbrokers (CIS), have cautioned the federal government to be less financially involved in the funding of critical infrastructure, but concentrate more in the formulation of policies that will transform the living standard of Nigerians. The operators gave the advice in Lagos, yesterday, during the 22nd Annual Conference of CIS. Speaking ...

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FG has made remarkable efforts in trade support infrastructure –Amaechi

Amaechi

Minister of Transportation, Rotimi Amaechi has said that the Federal Government has developed trade support infrastructure to boost trade between Nigeria and other countries. This was contained in a statement by Mr. Muhammad Idris, Director, Press and Public Relations, Nigeria Shippers Council on Tuesday in Abuja. Amaechi made this known at the opening of a two-day Sub-Regional Workshop and Joint ...

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Ogun government reduces ground rent by 67%

ground rent

The Ogun State Government has slashed by 67 per cent the ground rent for Base Transceiver Stations owned by IHS. The Chairman of the Nigerian Communications Commission, Senator Olabiyi Durojaiye, while speaking at the NigeriaCom conference in Lagos, said this was made possible by the intervention of the commission. As such, he said the Ogun State Government had agreed to ...

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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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Babalakin says Foreign firms lack capital to develop Nigeria’s infrastructure

Babalakin

The Pro-Chancellor of the University of Lagos (UNILAG) Dr. Wale Babalakin (SAN) has said foreign firms lack the “emotional capital” required to develop Nigeria’s infrastructure. Dr. Babalakin said this at the 60th Anniversary/8th Fellowship Conferment Lecture and Ceremony of the Nigerian Society of Engineers (NSE) in Abuja. Delivering a lecture titled “Constraints of Implementing Infrastructure Projects through Public Private Partnership ...

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Fayemi urges FG’s support on infrastructure

Fayemi

Ekiti State Governor-elect, Dr. Kayode Fayemi, has called for the Federal Government’s support in the area of infrastructure development for the state. Fayemi made the call on Tuesday in Abuja during a courtesy visit to the Minister of Power, Works and Housing, Mr. Babatunde Fashola. He said the visit was to identify areas his administration, when inaugurated, would partner with ...

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Governor Ikpeazu committed to delivering infrastructure in Abia State

infrastructure

Gov. Okezie Ikpeazu of Abia on Monday said that the state government was committed to excellence in delivering infrastructure development was unwavering. Ikpeazu said this during the Abia 27th anniversary celebration tagged “2018 Abia Day” at International Conference Centre (ICC), Umuahia. The governor said that the state government was determined to ensure that the people of Abia enjoy the dividends ...

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Osinbajo slams former heads of state over failure to improve infrastructure

Osinbajo

Vice President Yemi Osinbajo has accused former Head of State Ibrahim Babangida; ex-Presidents Olusegun Obasanjo and Goodluck Jonathan of doing nothing to improve the country’s infrastructure despite the oil wealth the country recorded during their tenures. Laolu Akande, spokesman of the Vice President, said in a statement that Osinbajo said this during a town hall meeting with Nigerians living in ...

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IBEDC has invested 15.5bn on infrastructure so far

IBEDC

Ibadan Electricity Distribution Company (IBEDC) said it has invested over N15.5 billion in major capital projects for the upgrading of infrastructural facilities in the last six months. The company’s Managing Director, John Donnachie, who said this at the weekend, added that the investment covered supply of 10,000 Distribution Transformer (DT) meters at N4bn. The meters, according to him, would greatly ...

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