President Muhammadu Buhari has met with 36 governors in Abuja and tasked them on the need to redouble efforts in addressing infrastructure deficit in states in order to revamp the economy. The Chairman of the Governors’ forum and Governor of Zamfara, Alhaji Abdul’aziz Yari, said the president gave the challenge during a closed door with […]
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The Board of Directors of the African Development Bank (AfDB) has approved its third equity investment of $40 million in Africa Infrastructure Investment Fund (AIIF3). AIIF3 is a closed-ended pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM). AIIM is one of Africa’s most experienced infrastructure fund managers. The Fund will focus […]
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Israel said Thursday it hit “almost all” of Iran’s infrastructure sites during dozens of airstrikes overnight in Syria. It is the the worst direct violence in years between arch-rivals Iran and Israel, raising fears that a wider conflict could erupt in the region. “We have hit almost all of the Iranian infrastructure in Syria. They […]
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Income accruing to the country from rising oil prices in the international market will be spent on infrastructural development, President Muhammadu Buhari has pledged. Receiving a delegation from Eni, led by the Chief Upstream Officer, Mr Antonio Vella, the President said extra funds outside the provision of year 2018 budget “will be deployed to infrastructure […]
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The United Kingdom (UK) and Nigeria are set to partner in the areas of “sophisticated” fish farming and infrastructure development. This was the outcome of the meeting between a UK Trade Delegation to Nigeria and the Minister of Foreign Affairs, Mr Geoffrey Onyeama. The Head of the UK delegation, Mr Emmanuel Finndoro-Obasi, said the team […]
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Kemi Adeosun, minister of Finance, has said the country needs to borrow more in order for President Muhammadu Buhari to deliver several infrastructures in the country. The President Buhari had written to the Senate seeking approval for $5bn loan. The minister made this statement on Sunday at a joint press conference with Godwin Emefiele, governor […]
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