AFRICAReports Infrastructure News & Reports Roads

FG Budgets Over N800bn for 2,254 Roads, Bridges in 2024

Flagship projects receiving chunks of funding include the East-West road and strategic Benin-Akure highway which facilitate interstate trade. Similarly, linking northern and southern regions, the critical Kano-Maiduguri road and Enugu-Makurdi artery obtain budget allocations for construction pushes. Culvert and drainage improvements totalling over N5 billion also target frequently flooding roads. Urban centres like Lagos and …read more →

AFRICAReports Infrastructure News & Reports Photo News Telecom

Lagos Governor Announces 6,000km Metro-fibre Project

Babajide Sanwo-Olu, the governor of Lagos state, Nigeria, has announced a 6,000km Metro-Fibre Duct Project to accelerate digital transformation. He remarked this recently during the opening ceremony of the Art of Technology Lagos 5.0 conference, while delivering a lecture on the theme “The Creative Economy and a Digital Lagos.” The governor stated that one of …read more →

Infrastructure Financing News & Reports Power WORLDReport

World Bank Approves $750m to Boost Renewable Energy in Nigeria

To expand access to clean energy for 17.5 million Nigerians, the World Bank has approved $750 million to boost renewable energy in Nigeria through the Renewable Energy Scale-up (DARES) project. The project is being financed by an International Development Association (IDA) credit and would leverage over $1 billion of private capital and significant parallel financing …read more →