In a strategic move to position Nigeria’s capital market as a catalyst for cross-border investments, Nigerian Exchange Group Plc (NGX Group) and the Securities and Exchange Commission (SEC) have reaffirmed their commitment to fostering cross-border capital market partnerships. Their current engagements in China reflect a broader drive to strengthen Nigeria’s connectivity to global financial markets...
Category: PROJECT
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Tinubu Commences Reconstruction of Long-Awaited Abuja-Kaduna Expressway
** – promises solar-powered street lights, CCTV from Abuja to Kano** President Bola Ahmed Tinubu, GCFR has flagged off the reconstruction of the Abuja-Kaduna-Zaria-Kano Expressway, Section I (Abjuja – Kaduna) on Sunday. This critical road, which is vital to the socio-economic life of Northern Nigeria, is being awarded at N777 billion. Speaking at the event,...
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FG Flags off Reconstruction of the 125-KM Benin-Asaba Dual Carriageway:
The Federal Government has officially flagged off the reconstruction of the 125-kilometre Benin-Asaba Expressway, a vital road corridor in the southern part of the country. The event, which took place on Sunday, 21st March 2025, was performed on behalf of the President, His Excellency Bola Ahmed Tinubu, GCFR, by the Edo State Governor, His Excellency...
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ONLY CONTRACTORS WHO CAN DELIVER ARE NEEDED TO WORK ON NIGERIAN ROADS .- UMAHI
— Mobilise to Site for 2 Weeks Before Payment of Mobilisation Fees – Umahi* Only contractors who can deliver are required to work on Nigerian roads, according to the Honourable Minister of Works, His Excellency, Engr. (Sen.) David Umahi, CON, FNSE, FNATE. This is to ensure that unwilling contractors do not give up on road...
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MEETING GLOBAL STANDARDS ON NATIONAL ROAD NETWORK DELIVERY A LEGACY IN OUR RENEWED HOPE ADMINISTRATION – President Bola Ahmed Tinubu, GCFR.
The Renewed Hope Administration’s goal of making sure that the entire country’s road network satisfies respectable international standards has been restated by President His Excellency Bola Ahmed Tinubu, GCFR. He made this statement during the weekend in Ogun State at the flag-off ceremony for the Phase II, Section I (Lagos-Sagamu) of the Lagos-Ibadan Dual Carriageway...
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LAGOS – CALABAR COASTAL HIGHWAY, CATALYSTS FOR NIGERIA’S ECONIMIC EMANCIPATION – UMAHI*
The Lagos-Calabar Coastal Highway and other legacy projects throughout the nation have been credited by His Excellency, Engineer (Sen.) David Umahi, CON, FNSE, FNATE, Minister of Works, as catalysts for the nation’s economic liberation. He confirmed this while on an inspection tour of the highway’s ongoing Phase I, Sections I and II construction in Lagos....
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Federal Roads Need Alternative Funding for More Than 35,000 Kilometres, Says Goronyo
Over 35,000 kilometers of the Federal Government road network throughout Nigeria could not be financed solely by Annual Budgets, according to Muhammad Bello Goronyo, Esq., Minister of State for Works. As a result, alternative funding sources outside of the government’s coffers were required. This was said by Goronyo on Monday, February 17, 2025, during a...
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FERMA GROSSLY UNDERFUNDED – GORONYO
The Honourable Minister of State, Works, HMSW, Mohammad Bello Goronyo, Esq, has stated that the Budgetary Allocation to the Federal Emergency Roads Maintenance Agency, FERMA, is grossly inadequate considering the importance and the enormity of the task it carries out nationwide. Goronyo made this remark on Tuesday 14th January, 2025 at the National Assembly during...
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Project Inspection: Umahi Censures Contractor, Says April, 2025 Delivery Date Remains Sacrosanct.
In continuation of his inspection of projects in the South-South geopolitical zone, the Minister of Works, Engr. Nweze David Umahi, CON, FNSE, FNATE visited ongoing works on the Dualisation of East-West Road, Section II-II (Ahoada-Kaiama) and the Construction of Multiple Box Culverts at Flood Affected Areas on East-West Road, Section II-II (Ahoada-Kaiama) in Rivers and...
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Umahi expresses satisfaction with the quality of work on the East-West Road Sections of Enugu – Port Harcourt Expressway and Bodo – Bonny Road
While expressing satisfaction with the quality of work on the East-West Road, Section III (Eleme Junction – Onne Junction), the Minister of Works, Engr. Nweze David Umahi, CON, FNSE, FNATE, has instructed the contractor, Messrs Reynolds Construction Company (RCC), to increase the pace of work or risk re-scoping and contract re-award. While assessing the project’s...