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Tag Archives: Infrastructure

Africa50 mobilises $108b to bridge infrastructural gap


Africa50 has emerged a key player in driving infrastructure investments with commercial rates of return in the region, an effort to bridge the continent’s infrastructure financing gap estimated at $108 billion, after two years operations. The infrastructure investment platform that contributes to Africa’s growth by developing and investing in bankable projects, catalysing public sector capital, and mobilising private sector funding, ...

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Ladipo market president urges members to develop infrastructure


The President General of Ladipo auto spare-parts market, Jude Nwankwo, has urged the newly elected executives of Aguiyi Ironsi International Market (AIIM) to sustain the peace and security achieved by the past executive led by Chief Cyril Onyemaechi. Nwankwo made the appeal at the weekend during the election of new executives of the Aguiyi Ironsi International market in Ladipo by ...

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Fashola urges state governors to support infrastructure


The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has called on state governors to support access to electricity through improved power infrastructure in their states. Speaking at the opening session of NACOP, the minister said, “It is no longer news that the Distribution Companies (DisCos) are having difficulty funding distribution infrastructures. “Therefore, as collective 40 per cent shareholders, ...

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Nigeria requires Capital market to fund infrastructure – Osinbajo


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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Residents lament abandoned water project in Katsina

water project

The multi-million naira water project established by the administration of former governor of Katsina State, Ibrahim Shehu Shema, to cater for the residents of Kurfi Local Government has been abandoned by the present administration of Governor Aminu Bello Masari for about three years. The water scheme, which has 28 water supply tanks situated at the Kurfi Local Government Secretariat, according ...

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Federal government pledges to construct 10 transit parks by 2019


The Federal Government is planning to construct over 10 trucks transit parks by 2019 in a bid to reduce the number of trucks induced accidents on Nigeria roads as a way to prevent the unnecessary loss of lives and property due to road accidents. Briefing the media at the conference for African Transportation Ministries, the Director for Road Transport and ...

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Real estate investor introduces new dimension for investment

real estate investor

A real estate investor, Lanre Howells, Managing Director, Messrs Beyond Building, has urged Nigerians to move towards a growth that could make them grow wealth exponentially by investing in real estate without necessarily owning a home. He explained that 20 people could own a stake in an estate with the profitability of the investment shared among them. According to the ...

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INFRASTRUCTURE: Obasanjo seeks support from China, others with $90billion


Former President, Chief Olusegun Obasanjo yesterday requested China to give $90bn to Africa for the development of infrastructure, saying it was the only way the current acute infrastructural deficit on the continent could be addressed. The money is to be spread for nine years. Speaking at the forum organised by the Gusau Institute in collaboration with the Centre for Nigerian ...

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Ogun state attributes development in infrastructure to roadmap

Ogun State

The Ogun State Commissioner for Works and Infrastructure, Olamilekan Adegbite, has attributed the success recorded by the State government in infrastructural development, to the detailed and voluminous blueprint of government before it came into office. Adegbite who stated this in a statement by the spokesperson in the Ministry of Works and Infrastructure, Mr. Ayokunle Ewuoso, said the governor had constituted ...

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Government has no money to build infrastructure – Babalakin


The Pro-chancellor and Chairman of Council, University of Lagos (UNILAG), Dr. Wale Babalakin (SAN), has said the government has no money to build infrastructure. Babalakin said the notion that Nigeria is a wealthy country is false, adding that the only solution to the country’s infrastructure deficit is for the government to create an enabling environment for private investors to provide ...

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