Oyo government approves N100b private bond for road, airport projects, others
The Oyo State Executive Council has approved the issuance of an N100 billion private bond tagged, “Oyo Prosperity Bond,” to facilitate the execution of priority projects for economic development
Post-coronavirus: Africa’s manufacturing moment
Across the world, as countries and economies slowly reopen, Africa lags behind. We were last to experience the coronavirus- and we expect to be the final continent to flatten the curve.
FG to construct weighbridges to check overloading of vehicles - Minister
Mr Abubakar Aliyu, Minister of State for Works and Housing, on Friday, said the Federal Government would construct weigh bridges across the country to checkmate excessive overloading of vehicles
AfDB to support FERMA with a $10b loan facility
African Development Bank (AfDB) has announced plans to assist the Federal Roads Maintenance Agency (FERMA) with a $10 billion loan facility, which will address the funding gap
NEC eyes N2tr pension funds for road, power projects
Indications emerged yesterday that the National Economic Council (NEC) is to invest N2tr of contributory pension funds to facilitate the development of infrastructure, especially roads and power. A summary of monthly pension funds for August released on October 15, 2019, indicate that Nigeria’s pension funds have grown to N9.44tr. Kebbi State Governor, Atiku Bagudu who…
Lagos ministry, LAMATA shift blame over abandoned road, drainage construction
Residents and investors along the Lekki/Ajah corridor beside the Jubilee Flyover in Lagos State are beginning to wonder which of the two-state parastatals between the Ministry of Works and the Lagos Metropolitan Area Transport Authority
FEC okays N314 billion for road, education projects
The Federal Executive Council (FEC) presided over by Vice President Yemi Osinbajo yesterday approved a total N311.8 billion for two link roads connecting the Second Niger Bridge in the South East and other projects being prosecuted at the University of Abuja.
Julius Berger adopts new design for Lagos- Ibadan road project
Nigerian construction giant, Julius Berger Plc, has changed its design for the Lagos – Ibadan Expressway and plans to construct service lanes, bus stops and lay bays on the built-up areas along the express road.
LASG integrates rail, road, water transport to ease traffic – Commissioner
The Lagos State Government says work is in progress to integrate the rail, road and water transport systems to address the persistent gridlocks in the state. The state’s Commissioner for Transport, Mr Ladi Lawanson, disclosed this to the News Agency of Nigeria (NAN) in Lagos on Sunday. “In order to get everything right, the state…