President Tinubu Defends New Borrowing Plans, Stresses Long-Term Value Creation
President Bola Tinubu has defended the administration’s new foreign loans, emphasizing that the funds will build critical infrastructure and create future opportunities.
Tag: Infrastructure
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Federal Executive Council Approves ₦594.49bn for Roads and Regional Highway Funding
The Federal Executive Council has approved ₦594.49 billion for road projects while Nigeria and West African partners seek AfDB funding for the Lagos-Abidjan highway.
Federal Government Kicks Off $100 Million Gas Pipeline Project to Boost Southeast Industrialization
President Tinubu has launched a $100 million Southeast gas pipeline project through the SEDC to boost regional industrialization and create jobs.
Tinubu Seeks Senate Approval for $20.5bn and €1.045bn Foreign Loans to Finance Infrastructure
President Bola Tinubu has asked the National Assembly to approve $20.52bn and €1.045bn in foreign loans to fund critical infrastructure.
Governor Bago Presents N1.31tn Budget for 2026 in Niger State
Governor Umaru Bago of Niger State has presented a N1.31 trillion Niger budget for the 2026 fiscal year. He said the proposal reflects consolidation, growth and long-term stability. The plan, called the “Budget of Consolidation,” focuses on jobs, agriculture, healthcare, road projects and education. Capital Spending Takes the Lead in Niger Budget Bago explained that…
Enugu Allocates N10bn for 135km Rail Project in 2026
The Enugu State Government has allocated N10bn in its 2026 budget as the state’s equity contribution to the first phase of a 135.5km standard gauge rail line. The project marks a major step in Governor Peter Mbah’s plan to build a modern multimodal transport system across the state. Breakdown of Enugu’s 2026 Transport Commitments Commissioner…
Tinubu Sets Up High-Level Team to Tackle N4tn Contractor Debt
President Bola Tinubu has created a high-level committee to address the contractor debt crisis after learning that the federal government owes about N4 trillion to nearly 2,000 contractors. Moreover, the President expressed strong displeasure over the scale of the backlog and demanded an urgent, coordinated solution. Tinubu Unhappy With Rising Contractor Debt Bayo Onanuga, Special…
Kano State Approves N54.7 Billion for Development Projects
The Kano State Executive Council approved N54.7 billion to fund development projects across key sectors. The council aims to accelerate development and improve service delivery. Projects Target Infrastructure, Education, Health, and Security The Commissioner for Information and Internal Affairs, Ibrahim Abdullahi-Waiyya, told journalists that the council ratified submissions from Ministries, Departments, and Agencies totaling N54.8…
FG to Demolish and Rebuild Sections of Iddo Bridge in Lagos
The Federal Government will demolish and rebuild three major sections of the Iddo Bridge in Lagos. The bridge suffered serious damage after a fire caused by illegal occupants and repeated truck collisions. The Federal Controller of Works in Lagos, Mrs. Olukorede Kesha, announced this on Wednesday. She said the repair work would last for about…
₦19 Billion Approved for Kano Projects by Governor Yusuf
Governor Abba Yusuf has approved more than ₦19 billion for major Kano State projects designed to improve living standards and boost economic growth across the state. The approval followed a meeting of the Kano State Executive Council chaired by the governor. Commissioner for Information and Internal Strategy, Ibrahim Waiya, briefed reporters on Sunday in Kano….