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Friday, July 10, 2020

Ebonyi road project attracts $70m loan

The African Development Bank (AfDB) has approved a $70 million loan for a road project in Ebonyi. In a statement, the bank said it would provide $40 million. Its co-financier, the Africa Growing Together Fund (AGTF) would contribute $30 million. It also said the bank...

Impact of Lagos-Ibadan Expressway Rehabilitation on Nigeria’s economy

Transportation and property are important in physical and economic development of towns and cities all over the world. Property and land values tend to increase in areas with expanding transportation networks, and increase less rapidly in areas without such improvements. Rapid and continued rise...

N2.8 trillion federal road projects going on across Nigeria – Director

The federal government is undertaking various road projects worth N2.8 trillion across the country, Chukwunwike Uzo, the Director of Highways, Planning and Development, Federal Ministry of Power, Works and Housing, has said. Mr. Uzo made this known in an interview with the News Agency of...

Nigeria woo road construction investors with tax relief incentives

Nigeria has approved a tax relief scheme to attract private sector involvement in the provision of road infrastructure across Nigeria. According to the Minister of Finance, Kemi Adeosun, the outcome of a memorandum for the setting up of a Road Trust Fund (RTF)  presented to...

FG disburse N20 billion to fast track the completion of East-West Road network

Godswill Akpabio, Minister of Niger Delta Affairs (MNDA) has announced the disbursement of N20 billion to fast track the completion of the East-West Road project. The Minister while addressing the Managing Director of the Nigerian Sovereign Investment Authority (NSIA), Federal Ministry of Finance and the...

Nigeria to spend N10.7billion on rice mills, N68.6 billion on road projects

Nigeria’s cabinet, the Federal Executive Council (FEC), Thursday April 26, 2018 approved N10.7billion for the establishment of 10 new rice mills and N68.6 billion for road projects across the country, the ministers of state for agriculture, Heneiken Lokpobiri and minister of power, works and...

Nigeria, China partner to enhance security, others

China has said it stands ready to enhance its security cooperation, expand inclusive development, improve connectivity and deepen people-to-people understanding with Nigeria through the Belt and Road initiative (BRI). Chinese Ambassador to Nigeria, Mr Zhou Pingjian, said this at the Abuja-Beijing Consensus Roundtable in Abuja...

Nigeria lures State government with PPP model on road infrastructure

Nigeria Government moves to permit states government to take over federal roads in the country and rebuild them in partnership with the private sector, if necessary. At the Niger Investment Summit, Nigeria's Acting President Yemi Osinbajo disclosed that, President Buhari has given approval that any...

Airport road, Pen cinema flyover ready by December – Contractor

...To Deliver Ayinke House, Bariga-Ilaje Link Roads, Jetty In July, Oshodi Interchange By September ...Ambode Inspects Oworonshoki Lagoon Reclamation, Sabo Model College, Others The contractors handling major ongoing projects across the Lagos State on Thursday assured that the 10-lane Airport Road and Pen Cinema Flyover would...

FEC Approves N58.488bn for Road Construction

The Federal Executive Council (FEC) presided over by Vice President Yemi Osinbajo yesterday in Abuja approved N58.488 billion for the construction of Bida-Sachi-Nupeko road and Nupeko-Patigi bridge across the River Niger. Briefing reporters at the end of the weekly cabinet meeting, the Minister of Works...
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