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Tag Archives: Infrastructure

FG deploys over N5 trillion pension funds in infrastructure

pension

Eleven years after it was created, the Federal Government and states have cornered over N5 trillion from workers’ pension contributions under the Contributory Pension Scheme for infrastructure development and other financial commitment. The amount received through investment in their various capital market instruments represents over 70 per cent of the N8 trillion pension assets currently being managed by Penson Fund ...

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Clerics laud Aregbesola on infrastructural development

Infrastructural development

INFRASTRUCTURAL DEVELOPMENT – Chief Imam of Offa in Kwara State, Sheik Suliman Muheedeen, has showered encomium on Governor Rauf Aregbesola of Osun State for giving back to the teeming masses of the state through infrastructural development. According to Muheedeen, Aregbesola’s administration has fulfilled its electoral promise for the state The cleric made this known at the third Ramadan lecture, organized ...

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Experts urge FG to invest N18trillion yearly in infrastructure

collapsed bridge

Experts on economic matters have said that government must wake up and face the realities on ground, as it needs to invest N18 trillion yearly to meet up with infrastructure development in the country. To achieve this, they submitted that government must give room for private sector participation, allow sanctity of contracts and open up to foreign capital to develop ...

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FG seeks alternative funding for Lagos-Ota-Abeokuta road

Lagos-Ota-Abeokuta

The federal government is seeking alternative funding for the rehabilitation of the Lagos-Ota-Abeokuta road, having realised that budgetary provisions would lead to the repair work being abandoned again. The Director, Federal Highways, South West, Busari Olalekan, an Engineer, who represented the Minister of Power, Works and Housing, Mr. Babatunde Fashola at the resumption of rehabilitation of the road, recently, assured ...

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Stakeholders call for improvement in infrastructure

Infrastructure

Maritime experts have called for policies by the governments of countries in West and Central Africa to attract investments that would lead to improvement in maritime infrastructure. The call was made in a statement by Mrs. Oritsematosan Edodo-Emore, Cheif Executive Officer Zoe Venture Ltd., at the end of the third edition of the Lagos International Maritime Week, which held between ...

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Africa needs $170b annually to meet infrastructure requirement – AfDB

Africa

The African Development Bank (AfDB) says Africa needs about one hundred and seventy billion dollars annually to meet its infrastructure requirement. Prof. Vincent Nmehielle, Secretary General of the bank disclosed this at a media briefing to announce the bank’s annual meeting, on Thursday in Abidjan. “In 2016, the bank approved 7.8 billion dollars to finance investment in African continent and ...

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LASG set to strengthen infrastructure on waterways

LASG

The Lagos State government (LASG) has disclosed that it will continue to strengthen the infrastructural system along the State waterways to meet the emerging challenges of the coastal region and harness its full potentials for socio-economic development. The State Commissioner for Waterfront, Dr. Babatunde Adejare stated this at the at the ongoing Y2018 Ministerial Press Briefing held at Bagauda Kaltho, ...

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NDDC set to complete all on-going projects

NDDC logo

The Niger Delta Development Commission (NDDC) has restated its resolve to complete all on-going projects across the Niger Delta region within the limits of funds available to it. The NDDC Executive Director Projects Engr. (Dr) Samuel Adjogbe, re-echoed the commitment when he led a team of directors and engineers to inspect the emergency repair of Umuelemai-Agbaja Road in Isiala Mbaino ...

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NSE earmarks N2 billion for village infrastructures

NSE

The Nigerian Society of Engineers (NSE) on Wednesday said it had earmarked N2 billion for its Community Engineering Project (CEP) aimed at developing the infrastructure of selected villages in the country. The President of the society, Mr. Adekunle Mokuolu, disclosed this at the closing of the Silver Jubilee of its Ikeja branch, Lagos. Mokuolu said the society would collaborate with ...

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Experts in built environment seek an efficient facility management system

experts

Experts in the built environment have advocated for an efficient facility management system as a means of sustaining national infrastructure across the country. Speaking to LEADERSHIP in Abuja, vice chairman of Council of Registered Builders of Nigeria (CORBON), Bldr. Samson Opaluwah noted that the cycle of failure of national infrastructure and facilities soon after commissioning could only be prevented by ...

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