General Electric (GE) has pulled out of a long-term concession deal with the Nigerian government to maintain and operate narrow-gauge rail lines in the country, a procurement process adviser told Reuters on Wednesday. The Nigerian railway concession project was worth around $2 billion for two lines connecting northern cities to others in the south. The…
By 'Dotun Akintomide House of Representatives' Committee on Science and Technology has tasked the Nigeria Building and Road Research Institute (NBRRI) to plug identified gaps between research and real development to ensure the nation reaps the benefits of science and technology. Committe Chairman, Hon. Beni Lar while speaking at her committee's oversight meeting at NBRRI,…
Despite improvements in infrastructure by the Ambode administration in Lagos, a new survey by the London Economist Intelligence Unit was not so impressed as it ranked it one of the five worst cities to live in. Lagos was ranked third out of the five worst cities ahead of Damascus and Dhaka, Lagos. Pakistani city of…
The Federal Government has earmarked N10 billion for the N-Build component of the N-Power programme designed to impact skills and enhance employability of Nigerian from 18 years to 35 years. Mr Afolabi Imoukhuede, Senior Special Assistant to the President on Job Creation, disclosed this in Abuja at a stakeholders’ meeting held at the State House…
Delta State Governor, Dr. Ifeanyi Okowa has called for steady efforts towards addressing the housing deficiency in the country. The governor made the call at the unveiling of Governance Villa Housing Estate, Ibusa, Oshimili North local government area of the state. According to him, “there is a lot of gap in the nation’s housing sector…
Host communities to the old Delta Steel Company, now Premium Steel and Mines Limited, Ovwian-Aladja, Delta State, have warned the new investors to stop the sale of the company’s assets or face the wrath of the people. The communities said it was now obvious that PSML lacked the capacity to revive the company and bring…
...Hardship Among Nigerians By 'Dotun Akintomide The Minister of Power, Works and Housing, Babatunde Fashola, Thursday, asked landlords in the country to start collecting rents in arrears as against the age-long practice of yearly rent's collections. Fashola said the practice has contributed to untold hardship among Nigerians and further breeds corruption. He stated that monthly…
By 'Dotun Akintomide In an atmosphere where businesses have many odds stacked against them, getting the right motivation and direction for startups to stay afloat doesn't come easy. As this explains why many new entrants struggle in vain to successfully navigate businesses past the formative stage, let alone expand locally and across the globe. To…
Buildcon Global Services Limited, developers of Pracht Garden, Pracht Cluster and Pracht Court, is introducing another luxury and fully serviced estate, the Pracht Smart City in Ibeju Lekki, located within the proximity of the Lekki Deep Sea Port at the Lekki Free Trade Zone (LFTZ). The project, which is well positioned in the future business…