Tag: Infrastructure
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Osinbajo to supervise formation of N1trn coy to tackle infrastructure deficit
President Muhammadu Buhari has approved the establishment of a Public Private Partnership (PPP) styled Infrastructure company named Infra-Co with an initial seed capital of one trillion naira. Buhari has also asked Vice President Yemi Osinbajo to chair a Steering Committee tasked with setting up the company. Osinbajo’s spokesman, Laolu Akande, in a statement on Friday…
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COVID-19: NNPC to extend delivery of medical facilities, infrastructure to states not covered
States that have not benefited from medical facilities and infrastructure support from the Nigerian National Petroleum Corporation (NNPC) and her partners in the ongoing intervention initiative have no cause to worry. The corporation’s Group Managing Director, Mallam Mele Kyari, stated that the National Oil Company’s coordinated support would eventually reach them, explaining that inhabitants of…
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Alumni Commits School’s Diamond to Replacing Decrepit Infrastructure
…Say We Can’t Be Celebrating When Our Alma Mater Is In Shreds The Alumni Association of Nigeria’s Pioneer Business High School, United Christian Secondary School, Apapa, Lagos has committed the 60thAnniversary/Founders’ Day of their alma mater to replacing its decrepit infrastructure. Not too happy with what they described as the insipid condition of “a once…
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Nigeria’s infrastructure deficit to hit $878 by 2040 – SEC
The Securities and Exchange Commission (SEC) on Sunday said that the country’s infrastructure deficit would hit 878 billion dollars by 2040 and called for active utilisation of green bond for infrastructural gap. Ms Mary Uduk, SEC Acting Director-General, said this at the 2018 annual workshop organised by the Capital Market Correspondents Association of Nigeria (CAMCAN)…
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Coalition of civil society commends Ajimobi on infrastructural development
Oyo State Governor, Senator Abiola Ajimobi has been commended for pursuing aggressive infrastructural development in all the nooks and crannies of the State. The Vice Chairman, Coalition of Civil Society Groups of Nigeria, Comrade Ade Adeniran gave the commendation during the courtesy visit of the group to the office of the Governor in Ibadan. He…
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World Bank calls for improved infrastructure in African cities
The World Bank on Tuesday called for improved infrastructure for African cities to enable them develop along with their growing populations. Mrs Bella Bird, the World Bank Country Director for Tanzania, Malawi, Burundi and Somalia made the call at the bank’s training workshop for African journalists in Dar-es-Salaam. Bird said that as African cities were…
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Ambode’s achievements in Lagos not limited to infrastructure – GOS
Former member of the National Assembly representing Lagos West Senatorial District, Ganiyu Olanrewaju Solomon (GOS) on Saturday commended Governor Akinwunmi Ambode of Lagos State over his achievements in office in less than two years, saying that the Governor is positively projecting the image of ruling All Progressives Congress (APC) with sterling performance. Speaking at the…
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FG targets 30% of expenditure on infrastructure, up from 10%
The Minister of Finance, Mrs. Kemi Adeosun has said the Federal Government is taking cogent steps to improving the economy by reviewing its capital spend on critical infrastructure across key areas like power, rail, roads and water from 10 per cent to 30 per cent. The Minister said this on Thursday at the United Capital…
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Government must deepen investment in infrastructure, agriculture to curb recession
An Economic expert, Mr Leonard Ugbajah, says the quickest way out of recession was for government at all levels to deepen investment in infrastructure and agricultural development in the country. Ugbajah, the Technical Adviser to the Private Sector Coalition on Competition Bill enactment in Nigeria stated this to news men in Abuja on Thursday. “The…