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Tag Archives: Nigeria

FG focuses on critical infrastructure to boost socio-economic development

critical infrastructure

The Federal Government says it is focusing on critical infrastructure and housing mandate that will enhance the socio-economic development of the country. The Minister of Power Works and Housing, Mr Babatunde Fashola, said this during the inspection of phase one project of National Housing Programme (NHP) of 72 flats in Gwagwalada Area Council on Thursday Fashola noted that the Federal ...

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FMBN urges primary mortgage banks to harmonise their interest rates

interest rates

The managing director/chief executive of Federal Mortgage Bank of Nigeria (FMBN), Arc. Ahmed Musa Dangiwa has called on Primary Mortgage Banks (PMBs) to harmonise their interest rates in order to conform to the laid down uniform underwriting standards. He also enjoined PMBs to spread their branches to cover the entire country for easy access of mortgages by Nigerians. He stated ...

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Diezani’s ally loses bid to recover forfeited property

Diezani

Mr. Olajide Omokore, an ally of former Petroleum Minister, Mrs. Diezani Alison-Madueke, yesterday, lost his bid to recover his property forfeited to the Federal Government by a Federal High Court sitting in Lagos, as his suit was struck out. Omokore had filed the suit against the Economic and Financial Crimes Commission, EFCC, seeking to secure the release of his property ...

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Real estate firm empowers youth with partnership scheme

Real estate firm empowers youth with partnership scheme

Poised to empower young Nigerians in creating wealth and bridging the widening rate of unemployment, a real estate development company, Alpha Mead Development Company (AMDC), a subsidiary of Alpha Mead Group, has re-launched its youth empowerment programme in Lagos known as the 5Star Partners. The programme is a sales network initiated for real estate professionals, who are tired of doing ...

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Dangote set to commence Sugar plant construction in 6 states

Dangote set to commence Sugar plant construction in 6 states

Nigeria’s Dangote Group has signed a deal to commence the building of integrated sugar plants in six states in Nigeria. The Chairman of the group, who is also Africa’s richest man, Alhaji Aliko Dangote, made the announcement at a forum in Lagos to honour major distributors of Dangote Foods in Lagos on Thursday. He said that the plants, expected to ...

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FG persists in securing lives and properties – Saraki

Dr Bukola Saraki has assured Nigerians that the federal government is committed to security of lives and property

The Senate President, Dr Bukola Saraki has assured Nigerians that the federal government is committed to security of lives and property in every part of the country. He said the legislature would continue to collaborate with the executive to ensure that Nigerians are safe wherever they live across the country. Saraki gave the assurance in Kaiama, Kwara state where he ...

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Infrastructure in Nigeria will take a new turn in few years- Osinbajo

Infrastructure in Nigeria will take a new turn in few years- Osinbajo

The federal government has said that its newly launched Economic Recovery Growth Plan (ERGP), focus lab would help the country attract $24 billion worth of investments in few years, saying 80 per cent of the amount is expected to come from the private sector of the economy. Vice President, Professor Yemi Osinbajo disclosed this on Thursday in Agbara, Ogun State ...

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Developers and foreign investors resolve to boost Nigeria’s construction industry

Developers and foreign investors resolve to boost Nigeria’s construction industry

Lagos – If the latest rapprochement between Nigerian developers, Homework Development and Property Limited and some foreign investors is anything to go by, the nation’s construction industry will soon receive a significant boost. The lift int he nation’s construction industry, INDEPENDENT learnt, may either be in enhanced direct foreign investment or through third party. This came to the fore recently ...

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Covenant University-Nigeria loses N1 trillion to tourism and infrastructure

Covenant University- Nigeria loses N1 trillion to tourism and infrastructure

A former vice chancellor of the Covenant University, Ota, Ogun State, Professor Charles Ayo, has revealed that Nigeria loses a minimum of N1 trillion to education tourism with about 75,000 Nigerians currently studying in Ghana, Benin Republic and Egypt. In his address recently at the convocation of Crawford University, Igbesa, Professor Ayo appealed to Nigerians to patronise Nigerian universities, especially ...

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NSIA makes massive plans on infrastructural investment

NSIA investments

The Nigeria Sovereign Investment Authority on Wednesday said it was planning to invest massively in the Nigerian Infrastructure Debt Fund being managed by Chapel Hill Denham Nigeria. The NSIA said this in a statement issued in Abuja and signed by its Communications Adviser, Mr. Titilope Olubiyi. It, however, did not disclose the amount to be invested, but added that the ...

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