The European Union (EU) is working on a €20 billion ($22.7 billion) financing package to support African transport networks, as well as energy, digital, education and health projects to counter China’s reach in the continent. Member states, a Bloomberg report disclosed, however, have yet to commit to financing the infrastructure plans, according to officials familiar …read more →
Roads
FG Commences Work on 21 Roads Earmarked for NNPC’s N621bn Funds
The Federal Government has begun work on the 21 roads for which N621 billion was recently earmarked by the Nigerian National Petroleum Company (NNPC) under the Tax Credit Scheme (TCS). The implementation of the scheme coincided with a statement by the Ministry of Works led by Mr. Babatunde Fashola, that contrary to the position of …read more →
Badagry Expressway Gets N15bn NNPC Tax Credit Boost
The Agbara-Seme border section of Lagos-Badagry expressway project will receive N15 billion of NNPC tax credit fund, Federal Controller of Works in Lagos, Olukayode Popoola, has said. Popoola told the News Agency of Nigeria (NAN) in Lagos on Sunday that the intervention funding would fast track the ongoing reconstruction of the road. NAN reports that …read more →
Germany Starts Work on Northern Europe’s Largest Infrastructure Project
Work has started on the southern end of northern Europe’s largest infrastructure project, the Fehmarnbelt tunnel between Germany and Denmark, reports German current affairs programme Tagesschau. When the 18km-long immersed tunnel is completed in 2029, it will carry four lanes of traffic and two electrified rail lines between the Danish island of Lolland and the …read more →
Osun Govt Commits N3.6bn to Rehabilitate Roads in Ikire, Ile-Ife
Osun State government has committed Three Billion, Six Hundred and Twenty-Eight Million, Twenty-Four Thousand, Nine Hundred and Twenty-Three Naira, Seventy-Six kobo (N 3,628,024,923.76) for the reconstruction and rehabilitation of selected township roads in Ikire and Ile-Ife. This is just as the government reaffirmed Oyetola’s commitment to fulfill his electoral promise to residents and citizens of …read more →
Lagos Consolidates on Infrastructure & Education in 2022 Budget
The Lagos State government has earmarked huge capital expenditure in the 2022 fiscal year to service key growth areas to consolidate the recovery of the state’s economy and positively impact residents’ livelihoods. In the proposed N1.388 trillion budget for the year 2022 presented to the Lagos State House of Assembly on Wednesday, Governor Babajide Sanwo-Olu …read more →
Oyetola Lists Successes After 3yrs, Promises More Infrastructure
Osun State Governor, Adegboyega Oyetola, has listed his achievements in the last three years and pledged to deliver on all his electoral promises. In his 3rd anniversary broadcast recently, Oyetola who was sworn in on November 27, 2018, said his administration has kept faith with the people and maintained fidelity with his electoral promises. Noting …read more →
Understanding the Bills to Fix Our Broken Roads
Udora Orizu examines the problems with Nigerian roads and the need for President Muhammadu Buhari to assent to the road bills passed by the National Assembly, as a sure path to ending the perennial woes over the nation’s federal roads Last October, the Senate finally took what many see as a major step towards arresting …read more →
Fuel Subsidy Removal: Reallocate Savings to Critical Infrastructure, Business Leaders Tell FG
The widespread opposition to the planned N5,000 transport grant in lieu of fuel subsidy removal intensified over the weekend with business leaders advocating investment in critical infrastructure like transport, health and education as a better way of reducing the expected inflationary impact of the policy on the masses. While opposing the proposed N5,000 transport grant, …read more →
FG Reveals Plans to Unveil Regulatory Framework for Road Transportation
The Federal Government has revealed that the Nigerian Road Transformation Programme will soon be unveiled to regulate the road transport system across the country. Speaking on Monday at an International Conference organized by the Nigerian Institute of Transport Technology (NITT) in Abuja, Minister of State for Transportation, Gbemisola Saraki, said that the road transport system …read more →