Tag: INFRASTRUCTURE

Infrastructure: FEC approves $125m Islamic Development Bank loan for Abia 

Aminu Imam
FEC approves Abia

Abia State government has confirmed the approval of a long-anticipated $125 million financing facility from the Islamic Development Bank, (IsDB), for the Abia State Integrated Infrastructure Development Project. According to a statement issued yesterday by the Chief Press Secretary to Governor Alex Otti, Ukoha Ukoha, the Federal Executive Council (FEC) gave its nod to the loan during its meeting on Wednesday. The statement described the approval as a major milestone in a project that has undergone extensive consultations and procedural steps. It is a key element in a broader co-financing…

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Infrastructural Development: President Tinubu To Commission Landmark Projects In Nasarawa State

Aminu Imam
Tinubu's transformative 2 years

President Bola Ahmed Tinubu, GCFR, is scheduled to visit Lafia, the Nasarawa State capital, on June 25 to commission two major infrastructure projects that mark a significant milestone in the state’s development journey. Among the projects is a newly constructed flyover and underpass along the Jos and Shendam Road Expressway, a dual intervention aimed at easing traffic congestion, boosting trade, and enhancing urban mobility. Also set for inauguration is the ultra-modern State Secretariat Complex, built to strengthen governance and administrative efficiency across the state’s ministries, departments, and agencies. Governor Abdullahi…

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“Halt planned N20tr pension fund deployment for infrastructure” – Atiku tells FG

Aminu Imam
Atiku 2 FG

The 2023 Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has called for an immediate halt to the Federal Governments plan to deploy the N20 trillion Pension Fund for infrastructure development. Recall that Finance and Coordinating Minister of Economy, Wale Edun, had on Tuesday informed State House reporters, following a two-day Federal Executive Council (FEC) session chaired by President Bola Tinubu at the Presidential Villa, Abujs. Edun emphasised that this initiative is integral to Tinubus overarching efforts to stabilize the economy amidst elevated inflation and interest rates. He…

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Pilgrims Welfare: Saudi priorities transportation, health, technology

Abdul-Azeez Ahmed Kadir

By; Aisha Muhammad Ahmed, Makkah, Saudi Arabia is no doubt modernising as a means of easily accommodating and making life comfortable for millions of pilgrims who annually embark on lesser hajj and pilgrimage.  To achieve this, it is also utilising and prioritising technology in transportation and health. One of the major challenges that pilgrims face during annual hajj operations is traffic as you have a million to two plus simultaneously performing same rituals withing Makkah especially and moving from one point of ritual to another. The Saudi authorities are putting…

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Hajj: We improve infrastructure annually for ease pilgrims – Minister

Abdul-Azeez Ahmed Kadir

By; Aisha Muhammed Ahmed, Makkah The Saudi Minister of Hajj and Umrah, Dr. Tawfiq bin Fawzan Al-Rabiah said the Kingdom improves its infrastructure every year for ease, comfort and safety of millions of pilgrims who embark on the rituals. The Minister made this assertion at the Saudi Arabia Ministry of Islamic Affairs organized press conference with media organizations across the globe. started by emphasizing the significance of umrah and hajj excersises and that Saudi Arabia is trying to make sure that pilgrims perform a seamless excersise. Al-Rabiah said the aim…

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“It would take Nigeria 300 years to build world-class infrastructure” – World Bank

Aminu Imam

The World Bank says Nigeria would need 300 years to fill its infrastructure gap at its current pace of development. The Bank made this disclosure recently, while assessing Nigerias capacity to build the kind of infrastructure the country is currently seeking funding from it for. The Federal Government has in the past justified its borrowing expenditure by asserting that the funds would be used to build state-of-the-art infrastructures. Last month, President Muhammadu Buhari, while explaining his rationale behind the Nigerian government’s borrowing, stated that it is imperative that necessary infrastructure…

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Infrastructural Development:
Nigerians will never forget Buhari, if only for the Second Niger Bridge Adesina

Aminu Imam

Photo: 2nd Niger Bridge Prototype illustration The Special Adviser to President Muhammadu Buhari on Media and Publicity, Femi Adesina, has said that his principal will forever be remembered in Nigeria, at least for the Second Niger Bridge, which will be completed this year. Adesina, who made this claim in an article titled: Ndaboski! If Only For 2nd Niger Bridge, This Country Wont Ever Forget Buhari, asserted that previous governments, led by the Peoples Democratic Party (PDP), failed to deliver on the project, even though they made promises for sixteen years.…

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FG needs $100bn annually to address infrastructure deficit CBN Governor, Emefiele

Aminu Imam

Governor of the Central Bank of Nigeria, (CBN), Godwin Emefiele, yesterday disclosed that the Federal Government needed about US$100 billion annually to address the nations infrastructure deficit. Emefiele made the disclosure at the 30th Anniversary Conference and Awards of the Finance Correspondents Association of Nigeria, (FICAN), which was held at Dover Hotel, Ikeja, Lagos. The apex bank governor, who was represented by the CBN’s Director of Corporate Communications Department, Osita Nwanisobi, said, While infrastructure deficit in Nigeria is estimated to be about 1.2 percent of GDP, it is projected that…

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Infrastructure: “Nigeria is poor; only option is to borrow” ? Senate President

Aminu Imam

Senate President, Ahmad Lawan, has stated that Nigeria is a poor nation that has no option but to borrow to fund infrastructure. The Senate President made the statement after apprising President Muhammadu Buhari of the activities lined up by the National Assembly. Fielding questions from correspondents after the meeting on Thursday, at the Presidential Villa, Abuja, he, however, assured that the legislature would not be frivolous in granting Executive requests for loans. According to him, such requests would be subjected to thorough scrutiny to be sure that they are necessary…

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FG is creating infrastructure for resolution of business disputes Osinbajo

Abdul-Azeez Ahmed Kadir

Vice-President Yemi Osinbajo said in Abuja on Thursday that the Federal Government was promoting the adoption of Alternative Dispute Resolution and creating the necessary infrastructure to enhance speedy resolution of business-related disputes Fielded questions at a virtual interaction session with members of the French Business Confederation, Osinbajo said governments effort was part of measures to attract foreign investors. Alternative Dispute Resolution is something that we are promoting as a government and we are trying to create infrastructure for it. And I know that most businesses do not even want to…

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