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Presidential Infrastructure Development Fund

Senator Godswill Akpabio

East-West road: Minister orders contractors back to site

The Federal Government has ordered the contractors handling the construction of the East-West road sections 1 to 4 to return to site within the next one week for the speedy completion of the project.

AKK gas pipeline: President Buhari’s big infrastructure push

One of the big promises made by President Muhammadu Buhari in his campaign for Nigeria’s presidency is the Ajaokuta-Abuja-Kaduna-Kano (AKK) gas pipeline project.
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 5

House of Reps alleges plot to divert $308 million Abacha loot

The House of Representatives has set up an enquiry into allegations that the recently recovered $308 million Abacha loot which the Presidency said will be used to expedite work on three major infrastructures i.e. Lagos – Ibadan Expressway, Abuja – Kano Expressway and the Second Niger bridge may be diverted into private accounts, using Julius Berger, as a conduit.
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 5

House of Reps to investigate Julius Berger, others over ‘contract monopoly’

The House of Representatives has mandated its works committee to investigate “the slow pace of work on three critical projects” and a perceived conflict of interest due to Julius Berger’s involvement in the projects.
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 5

House of Reps probes delay of Lagos-Ibadan, Abuja-Kano road projects

The House of Representatives has resolved to investigate the slow pace of rehabilitation and expansion works on the Lagos-Ibadan Expressway, Abuja-Kaduna-Zaria-Kano road and the Second Niger Bridge.
The Presidential Election Petition Tribunal has upheld argument by President Muhammadu Buhari that it lacked the jurisdiction to entertain allegation of corrupt practices and voters’ inducement raised against Vice President Yemi Osinbajo in the petition by Atiku Abubakar and the PDP.

NEC approves additional $250 million for investment funds

The National Economic Council (NEC) presided over by Vice President Yemi Osinbajo on Thursday, approved additional investment of $250 million into the Nigeria Sovereign Investment Authority (NSIA).
national assembly abuja

Senate panel rejects central bank team at investigative hearing

The Senate Committee on Finance on Monday prevented the representatives of the Central Bank of Nigeria Governor, Godwin Emefiele, from addressing it on the issue of exchange rates for funding key projects.

Senate summons central bank chief over exchange rates for infrastructure projects

The Senate Committee on Finance has summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, to appear before it on Monday.
President of the Senate, Ahmad Lawan, presiding over the plenary in the upper chamber on Thursday, 3rd October, 2019.

Central bank governor to appear before Senate committee today

The Senate Committee on Finance has summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, to appear before it on Monday (today).
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Oil benchmark lowered over expected crude glut – minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the federal government adopted a lower oil benchmark price of $57 per barrel for the 2020 budget as against the $60 per barrel in the 2019 budget because of the expected oil glut in 2020, as well as the need to cushion against unexpected price shock.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Fuel subsidy to gulp N450 billion in 2020 – minister

Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said under-recovery of premium motor spirit (PMS), popularly referred to as fuel subsidy, will gulp N450 billion in 2020.
President Muhammadu Buhari has felicitated with all the 2019 Nigerian pilgrims over the successful completion of their Hajj rites and the Eid-el-Kabeer celebration.

[email protected]: President Buhari’s independence day speech — full text

Remember the sacrifices made by our Founders and great leaders past; by soldiers, by distinguished public servants; by traditional leaders, by our workers —- sacrifices on which Nigeria has been built over the 59 years since Independence in 1960; and
Osinbajo, second right, with Fashola at the site of Niger Delta Bridge

VP Osinbajo assures on completion of second Niger Bridge

Vice President Yemi Osinbajo has given an assurance that the President Muhammadu Buhari’s administration will bring the Second Niger Bridge project to fruition.

Nigeria’s sovereign wealth agency records $350 million earnings

The Nigeria Sovereign Investment Agency (NSIA) says earnings described as “value addition” from various investments with its seed capital since it began operations in 2013 stands at over $350 million.

Federal government has 58 roads, bridges ongoing projects in Southeast – minister

The Federal Government has 58 ongoing road and bridge projects in the South East, Minister of State for Power, Works and Housing, Alhaji Mustapha Shehuri, has said.
President Buhari receives in Congratulatory Visit Members of the Traditional Rulers Council in State House on 5th Mar 2019-2

President Buhari appoints two executive directors to NSIA board

President Muhammadu Buhari has approved the appointment of two Executive Directors to the Nigerian Sovereign Investment Authority (NSIA) Board.
President Muhammadu Buhari, who was on campaign trail to Lagos on Saturday, said his administration’s economic policies have been making the desired impact as evidenced by steady growth in the economy in the last three years.-15

President Buhari: Our economic policies making desired impact

President Muhammadu Buhari, who was on campaign trail to Lagos on Saturday, said his administration’s economic policies have been making the desired impact as evidenced by steady growth in the economy in the last three years.
Lanre Issa-Onilu.

Endorsement: APC warns South East to be wary of machinations of Atiku Abubakar

Miffed by the recent endorsement of the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, by the Igbo socio-political organisation, Ohanaeze Ndigbo, the All Progressives Congress (APC) has warned the South East geopolitical zone to be wary of the machinations of conmen masquerading as ‘messiahs’ in the garb of politicians.

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Bournemouth boss becomes first Premier League manager to take pay cut during coronavirus crisis

Bournemouth boss Eddie Howe has become the first Premier League manager to take a pay cut amid the growing coronavirus pandemic.
Somalia ex-Transitional Prime Minister Nur Hassan Hussein alias Nur Adde died earlier Wednesday in London.

Somalia former premier Nur Adde dies in UK hospital

Somalia ex-Transitional Prime Minister Nur Hassan Hussein alias Nur Adde died earlier Wednesday in London.
Former Marseille president, Pape Diouf, has died aged 68 after contracting coronavirus, the club have announced.

Former Marseille president dies of coronavirus

Former Marseille president, Pape Diouf, has died aged 68 after contracting coronavirus, the club have announced.
David Oyedepo

Winners’ Chapel donates ambulance, other materials to Ogun

The leadership of the Living Faith Tabernacle, popularly known as Winners’ Chapel Wednesday donated an ambulance and some other relief materials to the Ogun State government in its efforts to curtail the spread of the deadly Coronavirus in the State.
After an ambush by insurgents which killed over 90 of its soldiers last week, the Chadian military has eliminated dozens of Boko Haram terrorists in a retaliatory operation.

Chadian troops batter Boko Haram terrorists, Abubakar Shekau consoles fighters

After an ambush by insurgents which killed over 90 of its soldiers last week, the Chadian military has eliminated dozens of Boko Haram terrorists in a retaliatory operation.