The President of the Senate, Godswill Akpabio, has said the President Bola Tinubu-led federal government is poised to make commuters’ nightmarish experiences on the collapsed Calabar-Itu highway a thing of the past. Sen Akpabio, who gave the assurance in Calabar during the thanksgiving service of Senator Asuquo Ekpenyong of Cross River South, said the President had already shown his commitment Read More
President Bola Ahmed Tinubu has forwarded to both the Senate and the House of Representatives request for approval for new loans of $8, 669, 168, 559billion and €100 million. Tinubu, in separate letters read on the floor of both chambers Tuesday , explained to the federal lawmakers that the loans were earlier requested by President Muhammadu Buhari as contained in 2022 – Read More
Anambra state governor, Professor Chukwuma Soludo, Saturday, sought partnership with real estate developers and other investors to develop communities and provide accommodation for the teeming populace of the state. Soludo, who chaired the ground- breaking ceremony of Paradise City Estate, Enugwu-Agidi, Njikota local government area, stated that investing in housing and real estate would help to make the state prosperous Read More
The Securities and Exchange Commission (SEC) has outlined its desire to provide through the country’s capital market the needed funds to drive infrastructure development. Briefing newsmen after the third quarter Capital Market Committee meeting in Lagos, SEC’s Director General Lamido Yuguda said the Commission would focus on driving investors’ education as well as mobilize capital market funds for development. With Read More
Stakeholders in the surveying profession have advocated the establishment of the National Geospatial Data Infrastructure (NGDI) to improve mappings, and aid in the fight against insecurity. They also posited that the data infrastructure would also boost the country’s economy just as they called for proper monitoring. Geospatial technology is an emerging field of study that includes Geographic Information Systems that Read More
The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, declared, Thursday, Nigeria can no longer rely on borrowing to fund the 2023 national budget. The minister, who stated this when making presentation before the joint Senate Committee scrutinising the 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper, (MTEF-FSP) said the nation must make necessary sacrifices Read More
Nigeria Communication Commission (NCC) is set to increase the contribution of the telecommunication sector to Gross Domestic Product (GDP) contribution to 22 per cent by the year 2027. The telecommunications sector contribution to the nation’s Gross Domestic Product (GDP) increased significantly to 16 per cent in the second quarter of 2023 from a 14.13 per cent contributed in the first Read More
The federal government has called for private sector investments in the provision of affordable housing and urban infrastructure. The Minister of Housing and Urban Development, Architect Ahmed Dangiwa, made the call in a Keynote address at an event to mark the World Cities Day in Abuja recently. Dangiwa equally called on international development partners and other stakeholders to collaborate in Read More
President Bola Tinubu has requested the Senate to approve $7.,864,508,559billion and 100million euro loans being sought from African Development Bank (AFDB) for infrastructure development across the 36 States of the Federation and the Federal Capital Territory. The planned loans as explained by President Tinubu in a letter of request forwarded to the Senate and read in plenary on Wednesday by Read More
The Federal Airports Authority of Nigeria (FAAN) has assured airlines and stakeholders in the country’s aviation industry of its continuous efforts to safeguard their operations and safety of equipment. Managing Director of FAAN, Mr. Kabir Mohammed Yusu, said the security of aerodrome remains topmost in his administration’s agenda to improve the state of the nation’s airports infrastructure alongside the welfare Read More
Kebbi state governor, Dr. Nasir Idris, Wednesday, assented to a supplementary budget of N19.4 billion approved by the State House of Assembly. The fiscal document was presented to him at the Government House, Birnin Kebbi, by the Speaker of the House of Assembly, Rt. Hon. Usman Muhammad Ankwe, in company of other members. Governor Idris thanked Read More
The Niger state House of Assembly has on Wednesday considered and passed the state supplementary budget of N230, 300, 000, 000.00 presented by Governor Mohammed Umaru Bago for 2023 fiscal year. This followed the adoption of the report of its House Standing Committee on Planning and Appropriation on the Supplementary Appropriation Bill presented by the House Committee Chairman, Hon. Read More
It is a tragic reality that for the past few years, Nigeria has been plagued by the incessant collapse of its national grid. The nation has never been capable of generating, transmitting, and distributing sufficient electricity to its vast population. Daily life in Nigeria is synonymous with power outages, leaving citizens in a state of perpetual darkness. The country’s electricity Read More
Henry Kissinger, former United States Secretary of State, perennial international statesman and oracle of diplomacy profiled six world leaders, now of blessed memories, in his most recent book, “Leadership: Six Studies in World Strategy’. These long departed leaders were the architects of the post-war evolution of their respective societies. The leaders: Konrad Adenauer (Germany), Charles de Gaulle (France), Richard Read More
The provision of basic real estate infrastructure and services as an effort integral to human survival and sustenance is majorly an outcome of tangible private or public initiative on land resource utilisation. The delivery of requisite infrastructure as a social responsibility is usually capital intensive and viewed mostly as the prerogative of the government. Adequate supply of infrastructure is paramount Read More
The United Kingdom (UK) has pledged £10 million to support Nigeria on climate action, to boost off-grid clean energy infrastructure. British High Commissioner to Nigeria and UK Permanent Representative to the Economic Community of West African States (ECOWAS), Richard Montgomery, stated that the support is to scale-up domestic financing for the infrastructure. “In the UK, we have gone through a Read More
The sorry state of major ports in Nigeria will adversely affect the federal government revenue generation from the maritime sector if urgent steps are not taken to rehabilitate them, the Nigerian Ports Authority (NPA) has warned. Specifically, the country’s ports management authority revealed that the Tin-Can Island and the Lagos Port Complex, two of Nigeria’s prime ports located in Apapa, Read More
Ogun state governor, Dapo Abiodun, says his administration in the second term would focus on providing basic amenities capable of having a direct impact on the people and improving their standard of living. Abiodun said this at a meeting with the newly elected members of the 10th House of Assembly under the platform of the All Progressives Congress (APC) held Read More
Vice President Yemi Osinbajo Tuesday launched a $600 million programme for young Nigerians in the technology and creative sectors with a call on African governments and the private sector to do more to support the growth of innovation in the continent. Speaking at the presidential launch of the Investment in Digital and Creative Enterprises (i-DICE) Programme held at the State Read More
Global ICT Infrastructure provider, Huawei Technologies has debunked a media report alleging that it has concluded plans to sue the federal government in London over a $304 million e-customs project. There were allegations of a move by the Nigeria Customs Service (NCS) to award the concession agreement to another company. Huawei Technologies is one of the Special Purpose Vehicle (SPV) Read More
The new World Bank President can take a cue from the development oriented and impactful initiatives of the President of the African Development Bank (AfDB), Dr. Akinwumi.A.Adesina, the CEO of Development Reimagined, an independent African-led international development consultancy based in Beijing, Hannah Ryder, has said. In a document obtained by our correspondent from AfDB , Ryder, a former diplomat and Read More
The issue of out-of-school children has always generated deep-seated interest and robust public discourse globally. Nigeria is no exception and Bauchi state retains a fair share of this continuing global concern. That the trend remains relevant, despite the concerted effort of Governor Bala Mohammed’s administration at tackling the problem, coupled with the enormous progress made in the sector generally, Read More
Corporate Organisation like MTN Nigeria, Dangote Group, BUA Group and the Nigerian National Petroleum Corporation, among others have spent about N97.4 billion on road construction in the past four years. Through the Road Infrastructure Tax Credit Scheme introduced by the Federal Government, these private companies spent no less than N97.4 billion on road construction across the country. Documents from the Read More
League of Kwara Youths Movement Wednesday applauded the Social Investment Programme (SIP) of Governor AbdulRahman AbdulRazaq’s administration, describing it as the most expressive and credible programme. The group warned youths in the state not to give saboteurs a chance to operate ahead of the 2023 general elections so as not to rob them of the benefits of the administration. Addressing a world Read More
The Nigerian Conservation Foundation (NCF) a non-governmental (NGO) with special focus on nature conservation and sustainable development in Nigeria, has called on the government to address economic challenges in order to lift people out of poverty. Poverty, it said, has been identified as the leading cause of the country’s environmental degradation. The NCF said citizens’ yearnings and the search for Read More
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