Over $30bn Oil Sector Projects Still Awaiting Final Investment Decisions         Nigeria’s oil and gas industry has continued to record heavy drop in investments for many years and in the last five years the sector has suffered more inactivity as over $30 billion projects are still...

N392bn Projects Debt: Senate Asks FG To Consider Pension Fund         The Minister of Works and Housing, Babatunde Fashola, on Wednesday, told the Senate that the Federal Government owe construction firms handling 711 road projects across the country N392bn. The debt, according to the minister, was higher...

Fed Govt Raises Costs For Five Secretariats By N3.97bn     The Federal Executive Council on Wednesday increased the contract sums for six different projects across the country by N5.48bn. The projects that saw their contract sums increased are federal secretariat projects in five states and the rehabilitation...

US Development Bank Invests $530m In Nigerian Projects     The United States International Development Finance Corporation says it has invested $530m in Nigeria’s agriculture, financial institutions, critical infrastructure and health projects. The Regional Director for Africa at DFC, Vibhuti Jain, made this known on Wednesday while speaking...

World Bank Approves $346m For Lake Chad Region Projects   The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in the Lake Chad region. A statement from the World Bank on Wednesday explained that the projects, to be financed through the...

FEC Okays N43bn For Road, Agricultural Projects   The Federal Executive Council (FEC) on Wednesday approved N43.3 billion for a road and various agricultural projects across the country. The Minister of Works and Housing, Mr Babatunde Fashola (SAN) and Minister of Agriculture and Rural Development, Alhaji Sabo...