There were palpable sighs of relief in the crowded hall at a hotel in Victoria Island, Lagos, during the week, when the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah assured stakeholders in the auto industry that the Federal Government would implement the National Automotive Industry Development Plan (NAIDP), and not scrap it. “The FGN has identified the auto […]
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In the drive towards attracting investments in the construction sector, aid local content and improve capacity utilization in the cement-manufacturing sector, the major cement producers have tasked the Federal Government on the need to formulate policies to encourage concrete pavements design. According to the manufacturers, concrete remains the most cost-effective road material on the basis of both initial and life-cycle […]
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Over N16billion of Subsidy Reinvestment and Empowerment Programme (SURE-P) funds released by the Goodluck Jonathan administration in 2012 for the Public Mass Transit Revolving Fund (PMTF) was squandered, the International Centre for Investigative Reporting icirnigeria.org has found. The fund, administered as a revolving loan by The Infrastructure Bank (TIB) was given out in form of Mass Transit Vehicles to 31 […]
Continue reading »The Federal Government said on Monday that it would cost as much as $166bn in the next five years to provide infrastructure in energy and transport sectors of the economy. It stated that the money could rise to $3.05tn in 30 years. The Minister of Transportation, Mr. Rotimi Amaechi, gave the figures at the National Assembly in Abuja.
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Senator Ben Bruce, a National Assembly member has urged the Federal Government to come up with a mass transportation policy that would cushion the effect of new price of petrol. Bruce made the call while interacting with newsmen on Tuesday in Abuja. He said that concern being expressed and the agitation generated by the new price of fuel was due […]
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The Executive Secretary, Nigerian Shippers’ Council, Mr. Hassan Bello, has hinted about plans to review the concession agreements between the Federal Government and port terminal operators. He said this during a courtesy visit by the council’s management team to the Tin Can Island Container Terminal in Lagos.
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The Federal Government has declared Kaduna Inland Container Depot a port of origin and final destination to extend shipping services to hinterlands and landlocked areas to decongest the ports.
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President Muhammadu Buhari has said that he would adopt alternative fiscal measures of funding the construction of roads aside the country’s budget. The president also hinted yesterday that his administration would implement essential reforms to protect Nigerian manufacturers from unfair competition from abroad.
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Naturally and for a long time now, Apapa traffic has always been a basket case. However, the experience within that axis in the past few weeks could best be described as ‘hell on earth’. The protracted traffic gridlock especially around the port area has been somewhat of a nightmare- a nightmare that has taken extreme toll on all relevant stakeholders […]
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