Abuja, July 11, 2025 — In a landmark achievement for Nigeria’s infrastructure development agenda, the Federal Government has secured a $747 million syndicated loan to finance Phase 1, Section 1 of the Lagos-Calabar Coastal Highway, covering the Victoria Island to Eleko Village corridor (47.47km). The deal, led by Deutsche Bank as Global Coordinator and Bookrunner,
President Bola Ahmed Tinubu has disclosed that funds saved from the elimination of petrol subsidies are now being channelled into critical infrastructure development, targeted economic reforms, and social investment programmes aimed at fostering inclusive growth across the country. The President made this known through the Minister of State for Finance, Dr. Doris Nkiruka Uzoka-Anite, during
Gwagwalada, FCT — July 4, 2025  In a significant move to boost infrastructure and enhance economic activities in the Federal Capital Territory (FCT), President Bola Ahmed Tinubu, represented by Vice President Kashim Shettima, today commissioned the newly rehabilitated Aguma Palace, Radio Nigeria, New Market Road project in Gwagwalada Area Council. The rehabilitated road, which links
Oghara, Delta State — In a move to boost technical and tertiary education in Delta State, Governor Sheriff Oborevwori on Saturday commissioned several major infrastructure projects at the Delta State Polytechnic, Otefe-Oghara. The commissioned projects include newly constructed lecture halls, administrative blocks, and upgraded road networks within the campus. These developments aim to enhance the
The Federal Capital Territory (FCT) Administration has formally appealed to the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) for support in accessing dedicated funding to accelerate infrastructural development in Abuja. This request was made during a strategic meeting between FCT officials and members of the RMAFC Indices and Disbursement Committee, held in Abuja. The meeting
In a bold move to modernize Nigeria’s technical education assessment system, the National Business and Technical Examinations Board (NABTEB) has partnered with the National Agency for Science and Engineering Infrastructure (NASENI) to upgrade its ICT infrastructure and digitize its examination processes. The agreement, sealed at NABTEB headquarters in Benin City, Edo State, marks a significant
In a determined move to mitigate the impact of flooding and enhance infrastructural development across Oyo State, the state government has commenced the dredging of 11 rivers identified as flood-prone, particularly ahead of the ongoing rainy season. This proactive measure follows predictions by the Nigeria Hydrological Services Agency (NIHSA) and the Nigerian Meteorological Agency (NiMet),
The Ogun State Government has restated its resolve to rejuvenate water supply systems across the state, with a firm assurance that access to clean and safe water remains a fundamental right for every citizen, regardless of political alignment or location. This commitment is part of the ongoing reforms under the administration of Governor Dapo Abiodun,
The ECOWAS Bank for Investment and Development (EBID) has approved a financing package worth €230 million and $10 million aimed at driving economic growth and infrastructure development across West Africa. This funding, approved during the 91st ordinary meeting of the Bank’s Board of Directors under the chairmanship of Dr. George Donkor, is set to support
