News
Nigeria restates commitment to road infrastructural development
Nigeria has reiterated that its focus on roads rehabilitation and construction will boost socio-economic activities retarded by poor road conditions.
In a fact-sheet on the performance of the Buhari Administration, the Presidency says the Presidential Infrastructure Development Fund (PDF) has so far invested over a billion dollars in the Lagos-Ibadan Expressway, the Second Niger Bridge, and the Abuja-Kaduna-Zaria-Kano Expressway.
It says the issuance of Executive Order 7 has mobilised private investment into the development of key roads and bridges, citing the Bodo-Bonny in Rivers State, and Apapa-Oshodi-Oworonshoki-Ojota in Lagos State.
According to the scorecard, the Highway Development and Management Initiative, HDMI, a public-private partnership programme, has succeeded in mobilising over a trillion Naira in its initial private investment into the development and maintenance of 12 roads, totalling 1,963 kilometres in length.
The administration says over 360 billion Naira worth of Sukuk Bonds raised since 2017 has been sunk in the construction and rehabilitation of dozens of critical road projects across the six geopolitical zones.
US authorities slam Air Peace boss, Onyema, with fresh fraud charges
Report: NUPRC has not approved $1.3bn Shell Renaissance deal
There’s a plan to derail Tinubu’s petroleum industry revolution
NNPCL’s acquisition of OVH: Reps member, Miriam Onuoha, slams Atiku, says oil and gas sector should not be politicised
Fidelity Bank affirms commitment to data protection, strong corporate governance
NGX rates Fidelity Bank highest on corporate governance
Like Saudi Aramco, NNPC Ltd under Kyari is creating value for Nigerians
NNPCL FY’23: Kyari stands tall in spite of disruptors’ intrigues
Arewa groups accuse Ugochinyere of plot to blackmail Speaker Abass, deputy, call for probe
CNPP and its failed evil campaign against NNPCL, Kyari
Arewa youths slam Dangote, say ‘you can’t dictate fuel price’
Warn Agbese over false allegations against NNPCL, NMDPRA, group tells reps speaker
1XCUP 2024: 20 teams to battle for N20m as competition kicks off August 5
Paris 2024 Olympic table tennis draw announced
