The acting managing director of the Niger Delta Development Commission (NDDC), Kemebradikumo Pondei, has disclosed that the agency’s 2019 budget was padded with over 500 fake projects. Addressing journalists in Rivers state on Tuesday, Pondei said a huge amount of money was appropriated for non-existing projects. He was speaking in reaction to allegations of corruption […]
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President Muhammadu Buhari has assured Nigerians that all ongoing infrastructural projects, especially road, rail and power projects, “will be completed by the end of this year (2019).” President Buhari made the pledge during the All Progressives Congress (APC) presidential campaign rally in Ibadan, the Oyo State capital, on Saturday. He stated that his government has […]
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The Federal Government of Nigeria on Wednesday announced the issuance of $2.86 billion aggregate triple bond series under its Global Medium Term Note Programme. A finance ministry statement on Wednesday night said the Notes comprise a $1.18 billion seven-year series, $1billion 12-year series and $750 million 30-year series. Details of the issue show the seven-year […]
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About 1,000 contractors have expressed interest in the bids for 12 projects advertised by the Nigerian Railway Corporation, NRC. The corporation has opened the bids to pre-qualify the contractors for the 2018 projects. Ben Iloanusi, the NRC Director of Procurement, told the newsmen during pre-qualification exercise at the NRC headquarters, Ebute Meta, Lagos, on Wednesday. […]
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The Federal Road Maintenance Agency (FERMA) on Thursday said over 88 capital road projects captured in the 2017 budget nationwide had been completed. Maryam Sanusi, spokesperson of FERMA, made this known in an interview with the News Agency of Nigeria (NAN) in Abuja. Mrs Sanusi said another 66 road projects that were also captured in […]
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Former Governor of Rivers State and Minister of Transportation, RT. HON. Rotimi Amaechi, has alleged that Nyesom Wike, the incumbent governor of Rivers state, has been inaugurating projects he completed when he was governor. Recall that Amaechi was governor of Rivers between 2007 and 2015. Speaking during a grand reception organised in his honour by […]
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President Muhammadu Buhari on Wednesday signed the N9.12 trillion 2018 budget at the State House in Abuja after seven months of its submission to National Assembly (NASS). The President, who signed the budget on Wednesday, however, expressed concern over changes made by NASS to the budget proposal. The Federal Executive Council (FEC) had on Oct. […]
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The Governor of Rivers state, Nyesom Wike, says governors in the Peoples Democratic Party (PDP) are inaugurating “key projects” unlike their counterparts in the All Progressives Congress (APC) “commissioning wheel barrows, hired tractors and bags of mangoes.” Wike said this on Friday when the newly-constructed governor’s office in Ado-Ekiti, Ekiti state, was inaugurated. He said […]
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