The Federal Government has entered into a cooperation agreement with the International Finance Corporation (IFC) aimed at accelerating the development of bankable infrastructure projects and attracting private sector investment into key sectors of the economy. The agreement was signed in Abuja on Wednesday by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, …
BUA Cement Plc has announced a $240 million investment to build a new 3-million-tonne-per-annum cement line in Sokoto, signaling its commitment to expanding production capacity and supporting West Africa’s infrastructure growth. The project, in partnership with Chinese engineering firm CBMI, will raise BUA Cement’s total annual output to 20 million tonnes, strengthening its position as …
The Federal Government, through the Nigerian Ports Authority (NPA), is bolstering the national economy with record trade facilitation, infrastructure upgrades, and operational efficiencies. A new $60 million investment in green port initiatives under President Bola Tinubu’s administration aims to modernise NPA operations and promote local content development. Data from 2025 shows unprecedented growth at Nigeria’s …
President Bola Ahmed Tinubu has ordered that the Lagos–Calabar Coastal Highway be rerouted to pass through Ogoni land. The move aims to improve road access and boost economic activity in the region. Minister of Works, Senator Dave Umahi, announced the directive during a visit by a federal delegation to Rivers State. The delegation was led …
Governor Dauda Lawal on Thursday presented a proposed N861.337 billion budget for the 2026 fiscal year before the Zamfara State House of Assembly. Presenting the document, Governor Lawal described the proposal as a roadmap for transformation and a decisive step toward strengthening governance and driving development across the state. The 2026 estimate sets out N714 …
Property owners in Ebute-Metta, Lagos, are demanding N154.25 million from the Nigerian Railway Corporation (NRC) as compensation for the forceful takeover of their homes during railway construction in 2018. Five families from Adisa Estate along Murtala Muhammed Way, Oba Akinola Ovetade Akinrera, Alhaja Aisha Aminu Gwadabe, Alhaja Sadiat Abdulazeez, Mr. Justin Ajufo, and Mr. Ayodele …
The Federal Government has raised the alarm over vandalism and misuse of newly built and ongoing roads. Officials warned that such actions damage infrastructure, threaten safety, and increase repair costs. Minister of State for Works, Bello Goronyo, who inspected the Abuja–Kaduna–Zaria–Kano road project on Saturday, decried acts of sabotage by some residents, especially along completed …
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, on Friday stated that the administration of President Bola Tinubu cannot address every developmental challenge in the nation’s capital. Wike made the remarks during his monthly media parley, responding to criticisms from former Labour Party presidential candidate Peter Obi over the state of public schools …
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has assured that before the end of President Bola Tinubu’s first tenure, judges of the FCT High Court will no longer live in rented apartments. Wike gave the assurance on Monday during the flag-off ceremony for the design and construction of official residences for the …
Nigeria’s economy gained significant momentum in 2024, with Vice President Kashim Shettima, representing President Bola Ahmed Tinubu, announcing a rise in the country’s Gross Domestic Product (GDP) to ₦372.8 trillion, up from ₦309.5 trillion the previous year. President Tinubu described the progress as a clear indication that Nigeria’s fiscal and structural reforms are finally beginning …
