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Tag Archives: Infrastructure

FG set to reconstruct infrastructure destroyed by herdsmen in Benue


The Federal Government has kept to its promise to rebuild institutions in Benue State destroyed by suspected herdsmen as the Presidential Committee on Victim Support Fund has earmarked N700 million for that purpose. This was disclosed by the Executive Director of the Fund, Professor Sunday Ochoche, on Monday in Gbajimba, the headquarters of Guma Local Government Area of the state ...

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AU commends Aregbesola on infrastructure

African Union

The African Union Economic, Social and Cultural Council says Osun State Governor, Rauf Aregbesola, has justified the essence of governance with the level of infrastructural developments witnessed by the state in the last seven and a half years that he has been in the saddle. According to the AU-ECOSOCC, Aregbesola’s efforts in terms of infrastructure development cut across roads, schools, ...

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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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