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Tag Archives: Nigeria

Instagram follower trolls African China for showing off his house

African China

African China shared photos of a house he is currently building. When a troll asked him to stop showing off the building until it is completed, African China replied…   African China Showing off his house READ ALSO: Homes to hotel conversions stir controversy in housing market READ ALSO: Doctors protest NMA’s alleged attempt to extort them for building construction ...

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Doctors protest NMA’s Alleged Attempt To Extort Them For Building Construction

Doctors

There is an ongoing war in Nigeria’s health sector. At a time Nigeria is alarmingly running short of medical personnel(Doctors) due to government’s negligence on their welfare, the few ones who have remained behind are being sucked dry. Doctors across the country are allegedly being forcefully made to pay for a building construction. It was gathered that the Nigerian Medical ...

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Port Harcourt – Maiduguri rail line was delayed by lack of funds – Amaechi

Port Harcourt

The Minister of Transportation, Mr. Rotimi Amaechi, has denied the alleged exclusion of Eastern rail line from Port Harcourt to Maiduguri in the ongoing nationwide rail construction and modernisation. He made the denial when he appeared before the Senate Joint Committee on Land Transport, and Local and Foreign Debts, chaired by Sen. Gbenga Ashafa. Amaechi said contrary to the claim ...

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Dangote moves to construct 10 blocks of hostel worth N1b in ABU Zaria

hostel

In yet another massive intervention, the Aliko Dangote Foundation is set to commission 10 blocks with double-bunk beds hostel valued at N1billion built for the Ahmadu Bello University (ABU) Zaria. Ibrahim Garba, Vice Chancellor of the University, in an interview, said the Dangote Hostel will go a long way in ameliorating the accommodation scarcity bedeviling the university. Garba referred to ...

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Nigeria’s debt on infrastructure is a good investment – Fashola

Fashola

Nigeria’s Minister of Power, Works, and Housing, Babatunde Fashola, says debt for infrastructure in Nigeria is good debt, as far as he is concerned. Speaking at the Africa Investment Forum in Sandton South Africa on Wednesday, the minister said the Nigerian government should not be judged like a private company when it comes to borrowing. His words: “The only thing ...

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Paint consumption in Nigeria rises to N96bn

Paint

Despite the prevalent harsh business terrain in the country, paint manufacturers said that consumption of the product is currently on the increase with the figure put at N96.50 billion as at the third quarter of this year. According to Paint Manufacturers Association of Nigeria, (PMA), a group of the Manufacturers Association of Nigeria (MAN) this increase was hinged on current ...

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Nigeria’s paint industry will hit $377m growth by 2025 — Business Expert

paint industry

Nigeria’s paint industry is projected to record five per cent growth rate from its present estimated $268 million (N96.50 billion) to $377 million (N135.80 billion) by 2025, a business expert has said. Chris Kiwamu, Managing Consultant, Kirsten Turner Consulting, made the projection on Wednesday in Lagos during the 30th Annual General Meeting of the Paint Manufacturers Association of Nigeria. He ...

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6 Reasons Why Properties In Lagos are So Expensive

6 Reasons Why Properties are Expensive In Lagos

Have you ever wondered or been involved in a conversation about why properties are so expensive in Lagos, unlike other cities in the country? What answers did you come up with? If you have, then you are not alone as the rising cost of property in Lagos has remained a topical issue in Lagos over the years. What makes this ...

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Nigeria needs $1 trillion to modernize energy infrastructure

energy infrastructure

Nigeria will need as much as $1 trillion modernize its energy infrastructure, Vice President Yemi Osinbajo said Thursday in Abuja. While speaking at the National Energy and Climate Change summit held at the Presidential Villa, Osinbajo said “huge investment of about one trillion US dollars required to modernize our energy infrastructure in twenty-nine years between 2014 and 2043.” Osinbajo, who ...

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IMF implores Nigeria to prioritise infrastructure projects

IMF

The International Monetary Fund (IMF) has urged Nigeria to prioritise and embark on infrastructural projects that would boost the economic growth of the Nation. Mr. Paolo Mauro, Deputy Director, IMF Fiscal Affairs Department, said this on Wednesday during the launch of the Fiscal Monitor Report for October at the on-going IMF/World Bank Group (WBG) Annual Meetings in Bali. The report ...

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