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Presidential Infrastructure Development Fund
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.
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 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 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 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 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).
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.
The Senate Committee on Finance has summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, to appear before it on Monday.
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, 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.
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.
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
Vice President Yemi Osinbajo has given an assurance that the President Muhammadu Buhari’s administration will bring the Second Niger Bridge project to fruition.
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.
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 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.
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 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.
Former Marseille president, Pape Diouf, has died aged 68 after contracting coronavirus, the club have announced.
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.
The Ondo State Governor, Mr Rotimi Akeredolu, on Thursday, tested negative for Coronavirus.
The Cross River State Government on Saturday banned all religious gatherings of more than five persons in the state.
World heavyweight boxing champion Anthony Joshua has placed himself in self-isolation following a meeting with coronavirus victim Prince Charles.
Platinum producer Sibanye-Stillwater said on Monday it would declare force majeure on supply contracts for platinum group metals after it temporarily closed its South African mines to comply with a three-week national lockdown.
The Supreme Court has dismissed the application of the All Progressives Congress seeking to review the judgement on Zamfara governorship election.