The Federal Ministry of Power, Works and Housing said on Sunday that Julius Berger Nigeria Plc had finally suspended work on the Lagos-Ibadan Expressway as a result of delays in the payment of agreed contract fees for work already done.
Continue reading »
The design and other requirements needed for the reconstruction of the Apapa road in Lagos State are ready, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said.
Continue reading »
President Muhammadu Buhari is seeking approval from the National Assembly for a proposal to borrow $5.85bn from China to modernise the country’s rail network.
Continue reading »
The Federal Government has concluded plans to borrow $6.1 billion from Chinese Exim Bank to complete all rail projects in the country by 2019. The Minister of Transportation, Rotimi Amaechi, who disclosed this on Monday in Abuja, in a statement issued by Yetunde Sonaike, the Ministry’s Director of Public Relations, said that the Federal Government had targeted the construction of […]
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.
Continue reading »
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.
Continue reading »