The Minister of Works and Housing, Babatunde Fashola, has given May 15 as the expected date of delivery for the Second Niger Bridge with four kilometres until completion. Fashola made the disclosure during a live appearance on a live television show, The 2023 Verdict on Monday. Asked when the project will be delivered, he said, …read more →
Roads
Lagos to Spend N482 bn on Infrastructure Projects in 2023
Lagos Governor Babajide Sanwo-Olu on Friday signed the State’s N1.77 trillion “Budget of Continuity” into law to consolidate the development strides of his administration and satisfy the yearnings of the residents. The Governor said the fiscal document not only “aggressively” focus on completing ongoing capital projects, but it would also expand intervention programmes and intensify …read more →
Works Ministry Gets N110b Sukuk Funding for Roads
The Federal Ministry of Works and Housing has received a cheque of N110 billion SUKUK fund to build roads in six geo-political zones. A statement by Director of Press and Public Relations, Lere-Adams Blessing, said two ministries benefited from N130 billion 2022 SUKUK fund: Federal Ministry of Works and Housing and Federal Capital Territory, with …read more →
FG Commences Second Phase of NNPC Road Infrastructure Tax Credit Scheme
The Federal Government has stated that the approval of phase two of the Nigerian National Petroleum Company Limited (NNPC) Road Infrastructure Tax Credit Scheme will ensure the sustainability of funding of critical infrastructure in Nigeria. The Minister of Works and Housing, Babatunde Fashola (SAN), who disclosed this in Abuja, noted that unlike in the past …read more →
Julius Berger Restates Commitment to Business Expansion
Julius Berger Plc restated commitment to development and expansion of its business into the future. The company, in its 2021 Sustainability Report, said: “we remain committed to also growing and expanding our potential for a positive impact on people and the planet. “Maintaining the trust of our stakeholders through collaboration, transparency, and superior service will …read more →
Buhari Commissions Kogi’s First Flyover, Other Legacy Projects
President Muhammadu Buhari, on Thursday, commissioned legacy projects executed by the administration of Governor Yahaya Bello in different parts of Kogi State. President Buhari, who arrived at Okene town around 10am, commissioned the Agassa-Ogboboro Road and the Ohinoyi of Ebiraland Palace before proceeding to meet traditional rulers and top officials of the Kogi State Government. …read more →
EU Plans $22.7 billion Transport Network, Other Projects Across Africa
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 →
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 →