Infrastructure Development

Ekiti governor urges Nigerians to rise up, defend democracy

The Chairman of the Nigeria Governors’ Forum, and Governor of Ekiti State, Kayode Fayemi, has called on Nigerians to rise to the defence of democracy in Nigeria with a view to advancing the development of the country. Mr Fayemi made the call Tuesday in Abuja when he visited the Canadian Ambassador to Nigeria, Nicolas Simard, at his residence. The visit by the NGF Chairman was part of the Chairman’s shuttle diplomacy to representatives of the diplomatic corps in Nigeria, which is one of the initiatives of the Nigeria Governors’ Forum’s secretariat towards engendering inter-governmental synergy between global governments at the subnational level. Mr Fayemi’s visits on Monday took him to the residence of the Canadian ambassador to Nigeria, and the embassy of the People’s Republic of China and...

Firm cautions Nigerian government over sale of national assets

Agusto Consulting has cautioned the federal government over its plan to relinquish national assets to private hands, saying, the risk involved is unquantifiable. Agusto Consulting, in a report titled “Rethinking Nigeria’s Models for Infrastructure Development,” noted that, the benefits of relinquishing control to the private sector are glaring, but remain difficult to implement. Noting that the federal government’s handing off certain critical assets of the country that have been dormant over the years will positively impact on the country’s budgetary allocation, but added that this decision has caveats and risks associated with operating models that involve private sector participation regardless of the levels of participation. “First is the high level of corruption in the country and the...

Ebonyi commissioner escapes gunmen attack

The Ebonyi State Commissioner for Infrastructure Development, Engr. Fidelis Nweze, narrowly escaped gun attack on Tuesday as he abandoned his car and ran into the bush leaving his SUV at the mercy of gunmen who shot sporadically in all directions. The incident happened at the site of a proposed international airport in the State. The gunmen were feared to have targeted the State Governor, Dave Umahi who was scheduled for an inspection visit to the airport. Newsmen gathered that the gunmen stormed the airport site at about 3:30 p.m. but missed their target as the Governor failed to turn up. A highly placed source at the Ebonyi State Government House told newsmen that the heavily armed men came on seven motorcycles and two vehicles. “On getting to the site, they opened fire, but God averted ...

Lagos inaugurates six-man governing board for alternative high school for girls

Lagos State Government has inaugurated a six-member Governing Board for Alternative High School for Girls In Aboju area of the state. The moves aimed at promoting the growth of both formal and informal education in the state. The state government, therefore, in demonstration of its commitment to full implementation of its mass literacy policy, charged the board to ensure that the school continues to excel in all its activities while sustaining its current impressive standard. The Special Adviser to Governor Sanwo-Olu on Education, Barrister Tokunbo Wahab, inaugurated the board. Wahab, who was represented by the Permanent Secretary, Mr Adeniran Kasali, stated that the government carefully selected technocrats with diverse experience and achievements in education and public service to let th...

Abia: Senator Kalu scores successors very low, wants Aba declared a disaster area

Sen. Orji Kalu, the Chief Whip of the Senate, has advocated for declaration of Aba, the economic hub of Abia State, a disaster area so that the Federal Government can take extra-ordinary measures to fix the town. Kalu, who was governor of Abia state from 1999 to 2007 said this on Thursday when he hosted some clergymen in the state to a breakfast meeting in Aba, according to a statement from his office. The meeting was in furtherance of the campaign for his younger brother, Mascot, who is All Progressive Congress, APC’s candidate for Saturday’s bye-election for Aba North/Aba South Federal Constituency. Kalu scored successive administrations after his very low in terms of infrastructure development in Aba. He said, “I am disappointed that since I left office in 2007, nothing tangible has bee...

Ebonyi governor: South East benefited more from APC government than PDP’s 16 years

Governor David Umahi of Ebonyi State and Chairman of South East Governors’ Forum weekend, said the South East benefitted more from the Buhari-led All Progressives Congress, APC, federal government than from Peoples Democratic Party’s sixteen years of governance. Speaking to newsmen in Lagos through his Commissioner for Information and State Orientation, Barr. Orji Uchenna Orji, Umahi said the Igbo have had a fair-play under Buhari’s administration in terms of economic and infrastructure development. According to him, the N10Billion Airport rehabilitation, the 2nd Niger Bridge, the Enugu-Port-Harcourt Expressway and other infrastructures are pointers to the benefits the South East States are getting from the Buhari administration. “These are indications that this administration is helping t...

DMO: Nigerian roads financed with Sukuk not repaying debt as planned

File Photo The Debt Management Office (DMO) has decried the country’s debt service to revenue ratio, describing it as a major issue of concern. Patience Oniha, the Director-General of DMO, said this in Abuja on Thursday at the fifth Budget Seminar (webinar) organised by the Securities and Exchange Commission (SEC). The theme of the budget seminar was, “Financing Nigeria’s Budget and Infrastructure Deficit through the Capital Market.” Oniha stressed the need for infrastructure built with borrowed funds to generate revenue to service the debts. According to her, “We have done the Sukuk, for instance, but the government is the one servicing the debt of those Sukuk. “They (the debts) are not being serviced with revenue from those sources (infrastructure). “I think that when we are talking abou...

AfDB provides $400,000 grant for SEC

African Development Bank Group (AfDB) on Friday signed a $400,000 grant agreement with the Securities and Exchange Commission (SEC) to strengthen securities market regulation and broaden market instruments. The funds, according to a statement from AfDB, will go towards strengthening the risk-based supervision framework, regulation of derivatives and green bonds, and build capacity for green finance. The grant will be sourced from the Capital Markets Development Trust Fund, a multi-donor fund administered by the Bank. “This collaboration further underscores our mutual goal to grow our markets and create viable avenues for sustainable economic development for Nigeria and the region,” said Lamido Yuguda, Director General of the Securities and Exchange Commission at the virtual signing ceremon...

Chukwuma Soludo: I received 19 threats during banking consolidation era

YouTube The former governor of the Central Bank of Nigeria, CBN, Professor Charles Chukwuma Soludo, at the weekend in Awka, narrated how he received 19 written threats on his life following his decision to embark on banking consolidation in Nigeria in 2004 when he became the boss of the nation’s apex bank. In an interview, Soludo also recalled attempts made to kidnap his children at Offa, Kwara State where they were at the time because many people felt threatened by the policy. He said: “I am a very impatient person to see change happen and I am passionate in anything I focus on. When I was the chief economic adviser to President Olusegun Obasanjo, and the tenure of the former CBN governor ended and I came in. within one month, I announced a 13 – point agenda for banking consolidation. “At...

Ex-APC chairman speaks on ‘crisis’ in Ebonyi chapter

A chieftain of the All Progressives Congress (APC) in Ebonyi State, Eze Nwachukwu, has refuted media report about leadership crisis in the state chapter of the party. Mr Nwachukwu, who is the commissioner for Inter-Governmental Affairs in the state, is the immediate past chairman of APC in the state. “It has become expedient that I react to the publication alleging leadership crisis in our great party over the appointment of Okoro-Emegha as chairman, Caretaker Committee of APC in Ebonyi. “I am the immediate past chairman of APC and the emergence of Okoro-Emegha as the current chairman, caretaker committee is a welcome development and it followed laid down legal and constitutional provisions of our party,” Mr Nwachukwu said on Saturday at a press briefing in Abakaliki. Continuing, the forme...

Nigerian governors to meet with President Buhari to address security challenges

Governors of the thirty six states under the aegis of the Nigeria Governors Forum, NGF have resolved to meet with President Muhammadu Buhari to address the security challenges with continued cases of armed banditry, terrorism and kidnapping across the country. The governors are meeting with President Buhari especially to discuss last week’s gruesome beheading of about 43 Farmers in Zarbamari near Maiduguri, Borno State by Boko Haram Insurgents while they were working in their farmland without any form of resistance. The decision was part of the resolutions reached at the end of the 22nd NGF teleconference meeting. In a Communique signed by the NGF Chairman and Ekiti State governor, Dr. Kayode Fayemi, said, ” Members of the forum resolved to meet with Mr. President as soon as possible to ad...

Central bank chief to engage governors on pension funds utilization for infrastructure

Bloomberg Mr Godwin Emefiele, the Central Bank Governor, will tomorrow Wednesday, 2nd December 2020, meet with Governors of the 36 states, under the aegis of Nigerian Governors’ Forum, to discuss how to access Pension Funds for Infrastructure Development in the country. Abdulrazaque Bello-Barkindo, Head, Media and Public Affairs of NGF, made this known in a statement made available to newsmen on Monday. According to Bello-Barkindo, the forum will be the 22nd NGF Teleconference meeting which would also seek to evolve a new national security order that will ensure safety of lives and property nationwide. “As part of the effort, beginning at the subnational level, the Forum will be receiving zonal updates on SARS and Internal security at its Wednesday meeting. “Similarly, the Forum will also ...

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