The African Union Development Agency-New Partnership for Africa’s Development (AUDA-NEPAD) says Nigeria recorded tremendous successes in infrastructure development and agricultural revolution during the African Peer Review Mechanism (APRM). Princess Gloria Akobundu, Chief Executive Officer of AUDA-NEPAD, said this at a news conference in Abuja on Thursday. Akobundu said that the country also recorded successes in …read more →
Infrastructure
PIDG’s Emerging Africa Infrastructure Fund Anchors $420mn Bond Issuance
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF) was an anchor investor in a recent successful bond issue by African telecommunications and digital company Axian Telecom. It raised US$420 million (€369.31 million). EAIF has invested US$20 million (€17.59 million) in the bond, scaled back from an original commitment of up to …read more →
Green Hydrogen: The New Energy Frontier in Africa
The 2015 Paris Climate Agreement, which seeks to limit global increase in temperatures to less than 2°C this century, was signed by 195 countries, 33 of which are African. To achieve this ambitious target, significant carbon emission reductions and energy efficient systems are required. As part of the agreement, countries have set out a range …read more →
FEC Approves $2.8m For Ibadan-Lagos, Port Harcourt-Maiduguri Rail Projects
The Federal Executive Council has approved $2.8million for the procurement of rolling stocks operational maintenance equipment for Ibadan to Kano standard gauge and Port Harcourt to Maiduguri narrow gauge railway projects. The Minister of Transportation, Rotimi Amaechi, made the disclosure when he addressed State House correspondents at the end of the Council meeting presided over …read more →
EGYPS 2022: ‘Natural Gas is the Fuel for Sustainable Development’
Doha — As the global population edges towards the 10 billion mark by 2050 and world GDP more than doubles, natural gas will continue to play a crucial role in alleviating energy poverty, fueling economic growth, expanding prosperity, and contributing to the protection of the environment, according to Mohamed Hamel, the Secretary General of the Gas Exporting Countries …read more →
Dangote Refinery Production Could Accelerate Nigeria’s Economic Recovery – IMF
The International Monetary Fund, IMF, has noted that the non-oil sector of the Nigerian economy could be stronger, benefit from its recent growth momentum, and higher production from the new Dangote Refinery, and its supportive credit policies. The IMF’s Executive Board 2021 Article IV Consultation with Nigeria released recently, said that Nigeria’s ratification of the …read more →
DOE Establishes Bipartisan Infrastructure Law’s $9.5 Billion Clean Hydrogen Initiatives
The U.S. Department of Energy (DOE) has announced two Requests for Information (RFI) to collect feedback from stakeholders to inform the implementation and design of the Bipartisan Infrastructure Law’s Regional Hydrogen Hub and the Electrolysis and Clean Hydrogen Manufacturing and Recycling Programs. This request will help accelerate progress, reduce technology cost, and ramp up the …read more →
Modernisation of Port Infrastructure Underpins Nigeria’s Economic Future – NPA MD
The Managing Director of the Nigerian Ports Authority NPA, Mohammed Bello-Koko has said that building a modern and resilient port infrastructure would fast track the country’s economic development, facilitate good paying jobs and enable sustained peace across the country. Speaking at a meeting with port service providers shortly after a facility assessment tour of the …read more →
FG Set to Assist ACEN in Infrastructure Development
The Minister of Science and Technology, Dr Ogbonnaya Onu, has said that FMSTI will work very closely with the Association of Consultant Engineers of Nigeria (ACEN) in areas of infrastructure and development for easy passage of goods and services in the country. Onu stated this when the Association for Consulting Engineering of Nigeria (ACEN) paid …read more →
Rail Line Projects: Lagos Assembly Applauds Sanwo-Olu
The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, and his colleagues on Tuesday commended Governor Babajide Sanwo-Olu for his efforts to complete the State’s rail projects. The lawmakers also praised the governor for also expanding transportation through the waterways. This was made known to Newsmen by Eromosele Ebhomele, Chief Press …read more →