infrastructure

Second Niger Bridge Would Be Ready Next Month – FG

March 9, 2022 3:52 am

Federal Government has revealed that it will complete the second Niger bridge next month and ensure that it is commissioned before the end of the year before President Buhari leaves office.

Chief of Staff to President Muhammadu Buhari, Prof. Ibrahim Gambari made this revelation at the toll gates mounted at the Oko end of the bridge in Delta State on Tuesday when he visited the site.

He pointed out that tolling of the road and its concession were secondary issues to the government for now.

‘Let us finish this road and that is the responsibility of the Presidential Infrastructure …

China Has Reversed Nigeria’s Infrastructural Deficit – Buhari

July 7, 2020 1:34 pm

There is no way a country can develop if it is hampered by severe deficit in infrastructure, President Muhammadu Buhari has said.

The President spoke Tuesday at State House, Abuja, while receiving the outgoing Ambassador of the People’s Republic of China to Nigeria, Dr Zhou Pingjian, at a virtual farewell audience.

“Please convey our appreciation to President Xi Jinping for the contribution of China towards reversing the infrastructure deficit we suffer in the areas of rail, roads, airports and power. There’s no way a country can develop without these things,” President Buhari said.

Read Also: Senate Urges Buhari To Name

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‘$10bn Needed To Fix Infrastructure Decay’

December 27, 2019 4:35 am

With the recurring incidences of building collapse in the country and deadly portholes on the nation’s roads, stakeholders have proffered that Nigeria will need over $10 billion to bridge infrastructure decay in the country.

Speaking at a seminar organised by Axion Global Engineering Limited, a leading producer of Axion bitumen booster, Axion Tuffcrete and Axion solid base stabilizer, construction experts and members of the Nigeria Society of Engineers said there is urgent need to curb the spate by leveraging on comparative advantages of innovative products that would extend the lifespan of road networks.

The experts and producers of the products …

Nigeria And Russia Sign MoU On Rail Infrastructure

October 23, 2019 12:58 pm

Nigeria, Wednesday in Sochi, Russia, signed a memorandum of understanding (MoU) with Russia for the modernisation, development of railway infrastructure, rehabilitation of the existing Nigerian Railway Corporation (NRC) rolling stock-fleet and upgrading of workshops across the country.

The MoU involves two Russian firms: Russian Joint Stock Company Russian Railway (JSCRR) and Transmash Holding, a private rolling stock manufacturing company.

Signing the agreement on behalf of the Nigerian government, Minister of Transportation, Mr. Chibuike Amaechi, stated that the move was to boost and Fastrack the construction of the rail manufacturing company at Kajola, Ogun state.

Amaechi, signed the agreement with CEO/Chairman, …

African leaders to invest $1 trillion on infrastructure

August 26, 2019 9:41 am

African nations are targeting to invest $1 trillion over the next 10 years to bridge the worrisome infrastructure gap on the continent.

This is as the Executive Chairman of the Federal Inland Revenue Service

(FIRS), Mr Tunde Fowler revealed that effective 2020, Nigerian banks will commence charging Value Added Tax (VAT) on local and foreign transactions.

The infrastructure funding, which will spring from a plethora of onshore and offshore investors will see the continent extracting its Value Added Tax (VAT) from the investments to address other concerns.

The Executive Secretary, African Tax Administration Forum (ATAF), Mr Logan Wort made the …