Tag: Nigeria infrastructure

Tinubu Govt Reveals Breakdown of N15.8trn Fuel Subsidy Savings
EconomicNews

Tinubu Govt Reveals Breakdown of N15.8trn Fuel Subsidy Savings

The Federal Government has explained how it shared N15.8 trillion in savings…

Tobi Adebayo Tobi Adebayo
Housing NewsNews

FG to build drainage structures along coastal highway

The Federal Government has announced plans to integrate internal drainage systems and…

housingtv housingtv
Housing NewsNews

Tinubu Approves N883bn Federal Road and Bridge Interventions for Kwara State

President Bola Tinubu has authorized a massive infrastructure intervention package totaling approximately…

housingtv housingtv
Housing News

Town Planners Seek Stronger Partnership With FCC to Boost Infrastructure Development, Job Creation

The Nigerian Institute of Town Planners (NITP) has called for deeper collaboration…

housingtv housingtv
EconomicHousing News

Tinubu Says Nigeria Building 2,700km of Roads as Housing, Rail and Energy Projects Expand Nationwide

President Bola Ahmed Tinubu says the Federal Government is executing infrastructure projects…

housingtv housingtv
Housing News

Tinubu Says Nigeria Building 2,700km of Roads, Expands Housing, Energy and Rail Projects Nationwide

President Bola Ahmed Tinubu has announced that his administration is executing infrastructure…

housingtv housingtv
Housing News

Abuja Water Crisis Persists Despite ₦155bn Investment In FCT Infrastructure Projects

Residents and businesses across the Federal Capital Territory (FCT) continue to face…

housingtv housingtv
Nigeria’s Federal Executive Council (FEC) has approved infrastructure projects worth over N7 trillion, marking one of the largest single approvals for road construction in the country’s history. The projects, which cut across all six geopolitical zones, include major highways, bridge reconstructions, and strategic economic corridors aimed at boosting connectivity and national development. Minister of Works, David Umahi, disclosed the approvals after a council meeting, noting that the projects align with the infrastructure agenda of President Bola Ahmed Tinubu. Key Projects Approved Among the headline projects is a N1.86 trillion extension of the Lagos-Calabar Coastal Highway through Akwa Ibom State, described as one of the most technically challenging sections due to swampy terrain. The council also approved N548.98 billion for the complete demolition and reconstruction of the Carter Bridge in Lagos after structural assessments confirmed severe deterioration. Another major approval includes a N1.79 trillion section of the Sokoto-Badagry Expressway, a 360-kilometre corridor expected to be partly funded through external financing and operated as a toll road. Reviving Abandoned and Delayed Projects Umahi revealed that the government has restructured several inherited projects that failed to deliver results. One such project is the Suleja-Minna road, previously handled under a tax credit scheme but stalled for years. The project has now been split into two contracts worth N91 billion and N93 billion, respectively. The reconstruction of the Mando-Birnin Gwari road in Kaduna State, valued at N178.12 billion, was also approved, fulfilling a campaign promise tied to improving northern connectivity. Why Carter Bridge Must Be Rebuilt The Minister explained that multiple engineering investigations carried out over the years confirmed that the Carter Bridge had reached a critical structural stage. He noted that underwater components had deteriorated significantly, making rehabilitation impossible. The new design will expand the bridge from 1.525 kilometres to 1.93 kilometres, including additional flyover ramps to reduce traffic congestion. Strategic Economic Impact The government says the projects are designed to stimulate economic growth, improve logistics efficiency, and create jobs nationwide. According to Umahi, the cost of the Sokoto-Badagry Expressway—estimated at N3.2 billion per kilometre—compares favourably with previous projects like the Abuja-Kano highway. He also disclosed that the project attracted strong international investor interest, with financing offers exceeding expectations. Additional Projects Across States Other approved projects include: Ibadan–Ijebu-Ode road dualisation (N295bn) Oshogbo–Akoda–Bunga road (N101bn) Oshogbo–Iwo–Ibadan road (N114bn) Yobe–Gombe road project valued at N1.25 trillion In the South-South region, a Bodo-Bonny road extension valued at N151 billion was also approved to improve access to key oil and gas infrastructure. Projects Ready for Commissioning Umahi further revealed that several completed projects will be commissioned ahead of Tinubu’s third anniversary in office. These include sections of the Lagos-Calabar Highway, the Abuja-Kaduna road corridor, and multiple bridge and expressway upgrades nationwide. Outlook The scale of the approvals signals an aggressive push by the Federal Government to address Nigeria’s infrastructure deficit. Analysts say the success of these projects will depend heavily on execution speed, funding transparency, and long-term maintenance strategies.
Economic

FG Approves N7tn Road, Bridge Projects Nationwide

Nigeria’s Federal Executive Council (FEC) has approved infrastructure projects worth over N7…

housingtv housingtv
Nigeria’s infrastructure spending is projected to reach $40bn annually by 2050, driven by power, transport, and digital investments, PwC reports.
News

Nigeria’s infrastructure spending projected to hit $40bn annually by 2050 – PwC

Nigeria’s infrastructure investment is projected to rise significantly over the next two…

housingtv housingtv
News

Reps Approve $516m Loan Request for Sokoto–Badagry Highway Project

The House of Representatives Nigeria has approved a $516,333,007 foreign loan request…

housingtv housingtv
Lost your password?