The African Development Bank (AfDB) and the African Development Fund (ADF) have approved two billion U.S. dollars to fund infrastructure projects in the East African Community (EAC) over the next three years. The funding for the implementation of new and on-going priority infrastructure projects in the region was disclosed by EAC Secretary General Ambassador, Libérat Mfumukeko. This move …read more →
News & Reports
FG designates Ikorodu terminal for yam produce export
The Federal Government has set aside the Ikorodu Terminal for the facilitation of yam exports. Revealing this in Abuja, the Chairman of the Technical Committee on Nigeria’s Yam Export, Programme Prof Simon Irtwange said that the nation has concluded plans to export yams this quarter. Hence, government would take possession of the Ikorodu terminal to …read more →
NRC to test run Lagos-Abeokuta rail line in February
The Nigerian Railway Corporation (NRC) says it will test run the Lagos-Ibadan standard gauge line early February. Mr Fidet Okhiria, the NRC Managing Director, who disclosed this on Wednesday at Ijoko in Ogun, while inspecting the project, added that work on the tracks is moving towards Lagos with 1.5 kilometers being laid daily. “They have …read more →
Ethiopia to construct six solar plants, launches tender
The government of Ethiopia is to construct six solar plants with a combined 800 MW for which it has launched a tender for their construction across four states. The nation’s Ministry of Finance said the planned tender would represent a huge expansion of Ethiopia’s Scaling Solar program. They will be developed under a public-private partnership framework …read more →
New rail lines will ease movement of goods -Amaechi
The Minister of Transportation, Mr Rotimi Amaechi, says the ongoing construction of Lagos-Ibadan Standard Gauge rail lines will ease the movement of goods and services, when completed. Amaechi made the disclosure on Thursday while inspecting construction works at the various sections of the projects at Ijoko, Kajola, Papalanto and Odeda on Ogun and Lagos States axis. According to him, major …read more →
Buhari Commissions N6bn Baro River Port
President Muhammadu Buhari has commissioned the just completed Baro River Port in Niger State. The Baro River Port was built by a Chinese firm, CGCC Global Project Nigeria Limited at the total cost of N6 billion. The port is equipped with a mobile harbour crane, transit shed, administrative block, fire hydrant system, water treatment plant, …read more →
Nigeria signs $2billion industrial parks agreement
The Federal Government said it has signed a $2 billion trade agreement with a Chinese textile and garment firm, Ruyi Group, for the commencement of industrial parks across the country. The Minister of Trade, Commerce and Investment, Dr. Okechukwu Enyinna Enelamah, who disclosed this recently in Abuja, explained that a country like Nigeria, with a …read more →
Lagos N49bn Medical Park will deliver global standards healthcare experience
The planned Lagos state government Medical Park worth N49 billion would lead to improved healthcare experience and promote medical tourism. Jide Idris, Commissioner for Health said Medipark International Ltd. Consortium, US has been engaged to develop, construct, manage and operate the medical park that would be sited at the former Lagos State School of Nursing …read more →
Benin Industrial Park: 3 Co-developers sign up
The Government of Edo State has signed on three co-developers for the development of the Benin Industrial Park, as a projected 1000 companies are expected to be hosted at the facility on completion. Edo State Governor, Godwin Obaseki said this while speaking at the Edo State Youth Leadership Summit 2018 themed: “Switch: A transition in …read more →