Those Who Want Infrastructure Should Be Ready to Give Up Some Lands- Fashola

IKOM, (Cross Rivers) — Babatunde Fashola, the Minister of Works and Housing has called on people that want infrastructure to be ready to give up some land to pave way for the constructions. Fashola said this at the inspection of the new 1.2km two-lane Ikom bridge which is to replace the old one-lane bridge built during the colonial era on Monday in Cross River. Fashola said the objective of the Buhari administration was to expand,...

158 PPP Projects Implemented in 2020 – ICRC

ABUJA — 158 projects were incorporated into the public-private partnership (PPP) pipeline projects within 2020 by the federal government according to the Infrastructure Concession Regulatory Commission (ICRC). ICRC is an agency responsible for the regulation and implementation of Public-Private Partnership which is focused on promoting the provision of infrastructure services. The projects were incorporated across different sectors of the private-public partnership. This was indicated in the commission’s annual report and accounts for 2020. “These projects...

FEC Contracts N309bn Road Project to Dangote as Tax Credit

ABUJA —The federal executive council (FEC) awarded Dangote Industries, a contract to construct five roads of 274.9 kilometres on Wednesday. The contract which cost a sum of N309,917,717,251.35 is to be advanced by the company as a tax credit. The minister of works and housing, Babatunde Fashola indicated this during a briefing with the state house correspondents. A tax credit is an incentive given to taxpayers, usually subtracted directly from taxes owed or expected to...

Federal Government Gave Reasons For Capacity Reduction Of Mambilla Power Project

ABUJA — The Minister of Power, Mr. Saleh Mamman says the reduction in the capacity of the Mambilla power project from 3,500 megawatts to 1,500 megawatts, saying it was to ensure adequate funding by lenders. The Minister, who disclosed this while appearing before the Senate Committee on Power, said the capacity of the power project was reduced to 1,500 megawatts to make it bankable and acceptable to the lenders. “We discovered that the 3,050 megawatts...

LG Boss Lauds Wike’ On Infrastructure

OPOBO — Mr. Erastus Awortu, Chairman, of Andoni Local government Area Council in Rivers has lauded Gov. Nyesom Wike’s political will on infrastructure development in the State. Awortu made the remark in Opobo town, headquarters of Opobo/Nkoro local government area during the commissioning of the newly constructed Ogoni-Opobo/Nkoro unity road in Rivers. The News Agency of Nigeria recalled that Opobo/Nkoro, a riverine area that shared a common boundary with Andoni Local Area Council had over...

Building Bridges Creates New Economy – Fashola

ABUJA — Babatunde Fashola, Minister of Works and Housing says construction and maintenance of bridges across the country are creating new economies not known to exist in the system before. Fashola said this when a delegation of Ohafia Traditional Rulers and Leaders of Thought led by Awa Kalu (SAN) paid him a courtesy visit on Thursday in Abuja. Kalu said the visit was to publicly acknowledge that governance works and that the Federal Government came...

Democracy Day: Gov Lalong Inaugurates Road Projects in Jos Metropolis

JOS —  Governor Simon Lalong of Plateau State, has on Thursday inaugurated road projects in Jos and Bukuru Metropolis as part of events commemorating the nation’s democracy day. According to the News Agency of Nigeria reports the projects were executed by Lalong administration under ‘Operation Zero Potholes Project’. The governor while inaugurating the projects at Anguldi/ National Veterinary Research Institute; College of Health Zawan; and the Zarmaganda Rayfield/Church of Immaculate Conception roads reaffirmed his commitment...

Federal Government To Borrow N100 billion To Start Kaduna-Kano Standard Gauge Rail Project

ABUJA — The federal government will borrow less than N100 billion for the Kaduna-Kano standard gauge rail project which will commence in July pending loan approval by the National Assembly. The Minister of Transportation, Rotimi Amaechi told newsmen on Sunday while inspecting the Lagos-Ibadan standard gauge railway ahead of the June 10 date set for the inauguration. Last year, the federal government had asked the national assembly to approve a $5.3 billion Chinese loan request...

Atiku Commissions Multi-million Naira Flyover in Adamawa

History was made on Saturday in Adamawa with the commissioning of the first-ever flyover in the Northeastern states of Nigeria by former Vice President Abubakar Atiku which was constructed by the Fintiri led administration. The overhead bridge at Total Filling Station Junction includes provision of a roundabout to distribute traffic to all roads at the ground level and extra lanes on the roads on each side of the roads on the ground level. Commissioning the...

OPINION: Anambra International Airport; A Study in Financial Prudence

AWKA — Anambra State governor Willie Obiano is receiving glowing praises from within and outside Anambra for the Anambra International Airport project, a bold capital-intensive but necessary undertaking, despite the economic pain the pandemic has and still exacting, to position Anambra for future social and economic growth. WAP will be featuring series of stories on the ongoing Anambra International Cargo and Passenger Airport.  Below is one in the series from the current Anambra State Commissioner...

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