Infrastructure Archives — Page 2 of 2

September 27, 2021 No Responses

FMDQ, DMO, Others Canvass Roadmap For Private Sector Intervention In Infrastructure Development

By ebosele@hotmail.com — Key stakeholders in the finance industry have urged the private sector to support the federal government’s drive to finance the infrastructural deficit in the country. They spoke at the annual conference/30th anniversary of the Finance Correspondents Association of...

September 27, 2021 No Responses

How To Bridge Infrastructure Gap Through Capital Market, By SEC

The Securities and Exchange Commission has again affirmed that the capital market has the potentials to bridge the infrastructure gap in the country as well as aid economic development. This was stated by Executive Commissioner Operations of the SEC, Mr....

August 23, 2021 No Responses

MTN Nigeria Budgets N600b For Network Infrastructure

As part of measures to improve telecommunications services, MTN Nigeria Communications has concluded plans to invest more than N600bn in network infrastructure over the next three years. Chairman of MTN Nigeria Communications, Dr Ernest Ndukwe, disclosed ...

June 13, 2021 No Responses

Buhari Approves N15trillion Infrastructure Firm

By citybusinessnews@yahoo.com — President Muhammadu Buhari has approved the establishment of Infraco Plc, a world-class infrastructure development vehicle wholly focused on Nigeria with a capital structure of N15 trillion. The president revealed thi...

January 15, 2021 No Responses

96 Firms Bid For Rehabilitation Of NNPC’s Downstream Infrastructure

No fewer than 96 companies have indicated interest in the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure. The public opening of the bid was held virtually in Abuja, on Thursday. The Managing Director of the N...

December 23, 2020 No Responses

Delta Approves N40b For Construction Of Roads, Infrastructure

The Delta Government has approved N40 billion for construction of 14 roads, bridges, flyovers and flood drainage channels spanning over 136 kilometres across the state.The state Commissioner for Works, Chief James Augoye, and his Information counterpart, Mr Ch...

January 30, 2020 No Responses

Lagos Issues N100b Bond For Infrastructure Development Bond

The Lagos State Government on Wednesday announced the issuance of N100 billion Series III Bond under its N500 billion bond issuance programme. Speaking at the signing of the bond in Ikeja, Lagos State Governor, Babajide Sanwo-Olu, said that the bond...

December 8, 2019 No Responses

Capital Market Experts Outline Ways To Fund Nigeria’s Infrastructure Deficit

An investment banker and Head, Debt Capital Markets, FBNQuest Merchant Bank Limited, Mr Oluseun Olatidoye, has stressed the need for sound macroeconomic and policy frameworks to enable the capital market attract investors to fund infrastructure projects ...

October 18, 2019 No Responses

Sanwo-Olu, Okonkwo Implore Market Leaders On Infrastructure Development

Lagos State Governor, Mr. Babajide Sanwo-Olu on Thursday, met with market leaders from Alaba, Trade Fair axis in Lagos West senatorial district. The consultative meeting, which was at the instance of the Governor and coordinated by the Managing Director Fideli...

March 20, 2018 No Responses

Adeosun: Infrastructure Gulps N2.5tri In Three Years

The Nigerian Government is to sustain ongoing investment in infrastructure across the country. Speaking in Abuja on Monday, Minister of Finance, Kemi Adeosun explained that with over N2.5trillion pumped into infrastructure in the last three years, the coun...

May 22, 2017 No Responses

Apapa road: Minister blames inadequate budgetary allocation, explains proposed N100b

The reconstruction of Seaports access roads in Lagos State is a priority to the Federal Government, Minister of Power, Works and Housing Mr Babatunde Fashola has said. In an interactive session with Journalists in Abuja after the ministry’s retreat,...

May 17, 2017 No Responses

Africa needs new financing models to bridge development gaps, says Osinbajo

Acting President, Yemi Osinbajo, has advocated a new paradigm in financing infrastructure projects in Africa in order to close the huge infrastructure gap in the continent. He stated this on Tuesday at a forum to mark Africa Finance Corporation’s...

November 13, 2016 No Responses

FG spends N750B for infrastructure development in five months, says Minister

As part of measure to reposition Nigeria’s economy, the Federal Government in the last five months mobilized not less than N750 Billion for infrastructure development. Speaking in Lagos on Saturday at the 2016 Wealth Creation Platform organized by KICC...