Vice President Yemi Osinbajo, on Thursday inaugurated 100 housing units at Emotan Gardens in Benin City, Edo State. Speaking during the presentation of the 100 housing units to the vice president, Governor Godwin Obaseki welcomed Osinbajo to the state. Obaseki said: “This is cluster one of Emotan Gardens, whose foundation you laid a few months ago. “The first 100 of ...
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Nigeria needs $1 trillion to modernize 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 ...
Read More »Buhari govt expends N1.7trillion on infrastructure in 2 years – Osinbajo
Vice President Yemi Osinbajo says the Federal Government has spent N1.7 trillion in capital investment in two budget years. Osinbajo disclosed this while addressing participants at the 9th Presidential Quarterly Business Forum held at the State House Banquet Hall on Monday in Abuja. The vice president said that infrastructure development was crucial in economic growth and job creation. He commended ...
Read More »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 ...
Read More »Osinbanjo declares 12th edition of Abuja International Housing show opened
Prof. Yemi Osinbajo would be declaring open the 12th edition of the Abuja International Housing Show, aimed at boosting housing investment in Nigeria. Festus Adebayo, Managing Director, FESADEB Communications Ltd., and the convener stated this in an interview with the News Agency of Nigeria on Monday in Abuja. The housing show which is the largest real estate festival in Africa ...
Read More »FG has invested $10bn in infrastructure development – Osinbajo
Vice President Yemi Osinbajo has disclosed that the Federal Government has invested close to 10 billion dollars in infrastructure development in the last three years. Speaking on Tuesday at the opening session of the Direct Investors Summit Nigeria, the vice president said the investment which focused on road projects, power and a new national rail network, was unprecedented. He said: ...
Read More »Review of the Real Estate Sector in 2017 and Expectations for 2018
In 2017, the Nigerian economy and investment market was in distress. For most Nigerians, being lost in the surging tides was a whole lot easier than staying afloat. Nigeria as a country managed to survive the storm of 2017. In this piece, we review 2017 as a guide to what lies for the real estate sector and it’s affiliates in ...
Read More »FG Completes Handing Over Of Presidential Lodge, Marina To LASG
The Federal Government on Tuesday completed the final handing over of the Presidential Lodge, Marina to the Lagos State Government about twenty years after the journey to actualize it commenced. Speaking at the brief but impressive handing over ceremony, held at the Conference Room of Federal Ministry of Works, Power and Housing in Abuja, Lagos State Governor, Mr. Akinwunmi Ambode ...
Read More »Why Nigerians must pay high electricity tariffs – Yemi Osinbajo
Vice President Yemi Osinbajo on Monday said payment of high electricity tariffs is inevitable for Nigerian electricity users. Mr. Osinbajo said this while speaking at the Sixth Presidential Business Forum held at the old Banquet Hall of the Presidential Villa, Abuja. A statement signed by Laolu Akande, the vice president’s media aide, quoted Mr. Osinbajo as saying that the government ...
Read More »What Does Nigeria’s Rise In World Bank’s Ranking for Doing Business Mean?
The World Bank this week produced their annual Doing Business report. It doesn’t tell you where to invest, but it does tell you exactly how easy or hard it might be and which hurdles (or lack of) you can expect to find when you get there. Ranking each country and their progress over time is an intriguing academic exercise, but does it tell investors ...
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