FG Needs N19trn to Complete 2,604 Ongoing Projects - Minister   The Minister of Works, David Umahi, has stated that the financial requirements to successfully complete the ongoing 2,604 road projects inherited by the current administration have increased to N19trn, an increase from the previously estimated...

FG Set to Fund 53 Road Projects With N150bn Sukuk Bond - DMO The Federal Government said it would use the net proceeds of its ongoing N150 billion Sukuk issuance to fund some 53 road projects across the country. Director General, Debt Management Office Ms. Patience...

NNPC Breaks Silence On Fuel Queues, Blames Situation On Road Projects   The Nigerian National Petroleum Company Limited (NNPC) has blamed the fuel queues in Lagos State and Abuja on some construction projects going on in the state. NNPC’s Executive Vice President, Downstream, Mr Adeyemi Adetunju, gave...

FEC Approves N43.6bn For Road Projects In North-East   The Federal Executive Council (FEC) has approved N43.6 billion for the construction and reconstruction of roads in northeast states in Borno, Yobe, Adamawa, Gombe and Bauchi. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq,...

FG To Spend N250bn Sukuk On Abuja, Niger Delta Road Projects - DMO     The Debt Management Office says the proposed N250bn sukuk will be used to finance key economic road projects identified by the Federal Ministry of Works and Housing, Federal Capital Territory Administration, and...

DMO To Issue N250bn Sukuk For Road Projects   The Debt Management Office says it is set to issue another sovereign sukuk this year for an expected amount of N200bn to N250bn to finance critical road projects across the country. It disclosed this in a statement on...