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...

Senate Rejects Works Ministry’s Fresh $434.7m Request       The Senate on Monday turned down a fresh request from the Federal Ministry of Works and Housing seeking approval for projects already captured in the $434.7m borrowing plan of the Federal Government. The Borrowing Plan had already been approved...

FEC Approves N59.35bn For Aviation, Roads Projects         The Federal Executive Council (FEC) on Wednesday approved N59.350 billion for roads and aviation projects across the country. Three ministers – Babatunde Fashola (Works and Housing), Alhaji Lai Mohammed (Information and Culture), on behalf of Senator Hadi Sirika (Aviation)...

Banks To Support Govt With Road Projects Fund   The Bankers Committee has said that the industry will fund road projects and provide support for the Federal Government in bridging the infrastructural gap in the country. This was disclosed during a press briefing after the Bankers’ Committee...

FEC Okays N65.9bn For Road Projects     The Federal Executive Council (FEC) has approved the sum of N65.9 billion for road projects across the country. Minister of State for Works and Housing, Abubakar Aliyu, told State House correspondents on Wednesday after the Federal Executive Council (FEC) meeting...

Using Bitumen For Road Projects Will Conserve Foreign Reserves - Minister   The Minister of Mines and Steel Development, Arch. Olamilekan Adegbite, has said that exploring the nation’s huge bitumen deposits would go a long way in facilitating ongoing road projects and by implication, safe the...