Tag Archives: Private sector

The immediate past chairman, Nigerian Institution of Civil Engineers (NICE), Abuja chapter, Engr. Ben-Osy Okoh has sought the need for all levels of government to open up space for more private sector participation in housing and other sectors of the economy. In an interview with journalists in Abuja, he noted that investors are interested in investing in Nigeria but are ...

The total credit from banks to the economy recorded a decline of N455bn from N15.58tn as of the end of the third quarter of last year to N15.1tn in the fourth quarter. This is contained in the banking sector report released by the National Bureau of Statistics (NBS) on Tuesday. The NBS in the report also said the total number ...

Gov. Akinwunmi Ambode of Lagos State on Tuesday inaugurated a 1000-hectare modern satellite city in Epe-Ibeju Lekki axis, projected to create over 200,000 jobs. The governor said at the event that it would also serve as housing schemes for all the major projects coming on board within the Lekki Free Zone. Ambode said the unveiling of the project named “Alaro ...

The Minister of Works, Power and Housing, Babatunde Raji Fashola, has disclosed that over 50,000 Nigerians are now engaged in 77 works and 50 housing construction sites across the country, while only 277 foreigners are working in the sites. According to Fashola, the figures are contained in the “Inception Report” the Ministry of Works, Power and Housing recently commissioned to ...

An oil magnate, Dr. Emeka Okwuosa, says the Federal Government needs to invest over three trillion dollars on infrastructure development in the next 20 years for positive impacts in various sectors of the nation’s economy. Okwuosa, who is the Chairman, Oilserve Group, spoke in a paper entitled: “Infrastructural Development: A Key to Economic Growth and Development in Nigeria, which he ...

Given the weak revenue generation of the Nigerian government, the federal government has been urged to involve the private sector in the financing of infrastructure. It is estimated that about $100 billion must be invested annually to finance infrastructure development in Nigeria to close the deficit. But the weak revenue generation of the Nigerian government shows that the country cannot ...

The Ministry of Mines and Steel Development says private investors have expressed their readiness to commit about 3.32 billion dollars to fund some projects in the mining sector. Abubakar Bwari, the Minister of State made this known at the 3rd Nigeria Mining Week on Tuesday in Abuja. The three-day event is being organised by the Miners Association of Nigeria in ...

Governor Udom Emmanuel of Akwa Ibom has called on investors to take advantage of the vast economic potential and infrastructure provided by the state government to establish agro-based industries in the state. The state government, he said had expected people in the private sector to capitalise on the abundant economic potential of the state to set up agro-allied businesses. Governor ...

To provide sustainable housing policy, experts are moved by the increasing rate of urban population in Africa which would be more than 80 per cent by the year 2050 and the pressure to accommodate them. The have called for urgent steps to eradicate constraints fueling a mismatch between demand and supply of homes. According to them, there was the need ...

The African Development Bank (AfDB) on Tuesday pledged to work with multilateral institutions and private sector operators to assist Nigeria bridge the infrastructure gap in the country. Nigeria’s cumulative infrastructure financing estimated at about $100 billion annually are projected to reach $3 trillion by 2044. The Senior Director, AfDB Nigeria, Ebrima Faal, said during the Africa Investment Forum (AIF) Roadshow ...