By Richard Trumka As President Joe Biden addressed a joint session of Congress recently, he highlighted a fundamental truth about his American Jobs Plan. For once, our leaders aren’t pushing another tax break for the elite, bailing out the ultra-wealthy or preaching the false gospel of trickle-down economics. As the president put it, this is …read more →
Infrastructure
Sanwo-Olu to Commission Health, Housing Infrastructure Projects in Badagry
The historic town of Badagry will soon host the Lagos State Governor, Mr. Babajide Sanwo-Olu, as he is set to commission Housing and Health projects in furtherance of his administration’s T.H.E.M.E.S Agenda. Mr. Governor will open the Affordable Public Housing Scheme in Idale, Badagry. The scheme, which has 252 units of two-bedroom bungalows, was built …read more →
Local Currency Financing for Off-Grid Energy Solutions in Africa Requires Scale-Up – AfDB
Although advantageous, local currency financing for off-grid renewables projects and businesses in Africa is still limited, according to a new report released by the African Development Bank (https://www.AfDB.org/). The report, Exploring the Role of Guarantee Products in Supporting Local Currency Financing of Sustainable Off-Grid Energy Projects in Africa, summarized findings of an in-depth study of …read more →
Sanwo-Olu Inspects Agege Pen-Cinema Bridge Project Site Amid Jubilation by Residents
Barring any exigency, the long-awaited Agege Pen-Cinema Bridge in Lagos State will fully open to vehicular movement in about eight weeks, Governor Babajide Sanwo-Olu assured commuters in the axis. The project is said to be at 90 per cent completion; all civil works have already been completed on the bridge. The overpass ascends from Oba …read more →
House Seeks FG’s Intervention on Ports’ Access Roads
The House of Representatives has called on the federal government to pay special attention to the construction of port access roads. It also urged the federal government to dedicate a greater part of two months revenue generated by the four commands of Apapa, Tincan Island, Kirikiri Lighter Terminal and PTML for the construction of all …read more →
Construction of Coastal Rail Line on Track as FG Sources for Funding
The Federal Government has said that its plans to establish rail lines along coastal states across the country targeting Lagos to Calabar in Cross River state is still on course. Speaking to Journalist in Lagos, the Minister of Transportation, Mr. Rotimi Amaechi confirmed that there are plans to construct rail line along the coastal corridor …read more →
Nigeria Approves N59.35b for Roads and Aviation Projects
The Federal Government of Nigeria has approved N59.350 billion for roads and aviation projects across the country. Addressing State House correspondents on the memoranda presented during the weekly FEC meeting, presided over by President Muhammadu Buhari at the Aso Rock Villa in Abuja, the Minister of Works and Housing, Babatunde Fashola said his memorandum was …read more →
Nigeria Makes Progress in Power Generation but Lacks Evacuation Infrastructure
Power generating companies in Nigeria have bemoaned the lack of infrastructure in the value chain to evacuate all the power being generated. Despite the underperformance of the power sector since privatization in 2013, Electricity Generation Companies (Gencos) have succeeded in achieving a 93 per cent increase in generation in the past seven years. In the …read more →
Iran, Afghanistan Open First Rail Link with Eye on Trade
TEHRAN, Iran (AP) — The leaders of Iran and Afghanistan on Thursday inaugurated the first railway link between the two countries, expressing hope it would enhance trade links across the region. The 140-kilometer (90-mile) line running from eastern Iran into western Afghanistan will eventually be expanded by 85 kilometers to reach the Afghan city of …read more →
We’ll Complete Lagos-Badagry Expressway, Sanwo-Olu Assures
Lagos State Governor, Mr. Babajide Sanwo-Olu, on Friday assured Nigerians that the State Government would complete the ongoing construction of the Lagos-Badagry Expressway. He said his government is committed to the construction of the Lagos-Badagry Expressway, adding that the delay of work on the road was based on the government’s plan to build a first-class …read more →