NIGERIA ELECTRICITY TARIFF PLANS: WHY THE IMMEDIATE INCREASE

Posted on April 8, 2024 by Gambeta News

The Nigerian Electricity Regulatory Commission (NERC) on April 3, 2024 raised electricity tariff for customers enjoying 20 hours power supply daily. This has raised a serious concern across the nation as the new cost will see customers start paying N225 kilowatt per hour from the current N66. Nigerian has criticized the decision of the tariff hike which took immediate effect to add to the current hardship been faced in the land at the moment. Affected…

WHY NIGERIAN ELECTRICITY SUBSIDY WILL CONTINUE TO GROW

Posted on March 26, 2024 by Gambeta News

Electricity Subsidy in Nigeria grew by 22.16 per cent from N528 billion in 2019 to N645 billion in 2023, latest figures from the Nigerian Electricity Regulatory Commission, NERC, has shown With the Commission projecting N1.6 trillion as electricity subsidy for 2024, total subsidy in the past 10 years is expected to hit N4.993 trillion by the end of the year. A breakdown of the total amount showed that the Federal Government was expected to have remitted…

RIVERS GOVERNOR INSPECT PORT-HARCOURT DUAL CARRIAGE RING ROAD IN NIGERIA

Posted on March 21, 2024 by Gambeta News

Rivers State Governor, Sir Siminalayi Fubara has expressed satisfaction with work on the Port Harcourt Dual Carriage Ring Road and assures of delivering the project within the scheduled 36 months. Governor Fubara on Wednesday embarked on an inspection tour of some sections of the 50.15 kilometers road taking through Elikpokpodu to Rukpokwu before moving to the Rumuosi section and ending at the UTC junction section of the road. Speaking to the press after the inspection…

NIGERIA SOVEREIGN SET TO BUILD 20 MEGA POWER PLANT

Posted on March 20, 2024March 20, 2024 by Gambeta News

Nigeria’s sovereign fund plans to build a 20 megawatts solar power plant in partnership with a local firm, first phase of a 300 megawatts project, the country’s Vice President Kashim Shettima said on Tuesday. Shettima did not disclose the cost of the project or when construction will start. Nigeria, with a population of more than 200 million people, has installed power generation capacity of 12,500 megawatts (MW) but produces a fraction of that, leaving millions…

NIGERIA FEC APPROVED N757BILLION FOR DUALISATION OF 489KM OBAJANA-BENIN ROAD PROJECT

Posted on March 16, 2024 by Gambeta News

The Federal Executive Council, FEC, on Wednesday approved N757 billion as augmentation for the dualisation of the 489km Obajana-Benin Road. This is as the government has explained that the rising cost of production is responsible for the recent cement price hike, and not its concrete road policy. These among others were disclosed by the Minister of Works, Senator Dave Umahi while briefing State House correspondents at the end of the FEC meeting, presided over by…

CONTRACTOR HANDOVER NEW GOVERNOR OFFICE BUILDING IN BAUCHI NIGERIA

Posted on March 5, 2024 by Gambeta News

Chairman and Chief Executive Officer of Messrs Architectonic LTD, Mr. Reuben Okoya, contractor that handled the building of new governor’s office complex at the Government House in Bauchi has expressed confidence that the state government would shoulder the maintenance of the edifice for the next 50 years. The contractor who debunked claims that the edifice was a white-elephant project, said it was a monumental and historic project that would take the state and its people…

WHY NIGERIANS MAY OPT FOR CONTAINER HOUSE DUE TO HIKE IN CEMENT PRICE

Posted on March 4, 2024 by Gambeta News

As the economic downturn continues, all areas of Nigerian lives and plans are also striving to grapple with the situation, as areas like housing and rent are also being affected. Nigerians are used to building with cement, but now have to go for other alternatives, as the price of cement is now on the high side Gone are the days when a quarter plot owner who earns N50,000 monthly can hurriedly place one or two…

NIGERIA GOVT. SIGN MoU WITH UK FIRM TO DEVELOP ABUJA TECH CITY

Posted on March 1, 2024 by Gambeta News

The Federal Government through the Federal Ministry of Innovation, Science and Technology has signed a Memorandum of Understanding (MOU) with Domineum/ Edenbase UK for the development of Abuja Tech City. The Minister of Innovation, Science and Technology, Uche Nnaji, signed the agreement on behalf of the government in Abuja on Tuesday. On Nigeria’s readiness for the collaboration, the Minister said the signing of the MoU laid the foundation for the participation of a key player…

NIGERIA FCT MINISTER FLAG OFF REHABILITATION OF GWAGWA-DEIDEI ROAD

Posted on February 22, 2024 by Gambeta News

Nigeria FCT Minister Wike has pledged to rehabilitate the Gwagwa-Karimo-Deidei road to ease traffic congestion. The Minister of Federal Capital Territory (FCT), Nyesom Wike, on Wednesday, flagged off the construction of the five-kilometer access road in Saburi, Abuja Municipal Area Council (AMAC). The event marked the sixth and final ceremony of its kind undertaken by the minister in less than two weeks. Mr Wike, during the ceremony, explained that delivering significant projects, such as roads,…

STATE GOVT. TO BUILD ₦40M OFFICE AT ONE OF BOKO HARAM STRONGHOLD IN NIGERIA

Posted on February 20, 2024 by Gambeta News

From their enclave, the terrorists have staged violent attacks against civilians and security personnel including local vigilantes trying to subdue their reign. The Niger State Government has budgeted N40 million for the “construction and furnishing of offices” at Allawa Game Reserve, a stronghold of Boko Haram insurgents terrorizing the area. The 2024 budget of the North-central state also states that N2.2 billion was budgeted for the same project in 2023. However, checks by local media show that…

NIGERIA CONSTRUCTION INDUSTRY HITS HARD DUE TO RAISE IN COST OF MATERIALS

Posted on February 14, 2024 by Gambeta News

The rising cost of building materials in Nigeria is increasingly hitting the construction industry hard, with fears that a large number of projects could be put on hold as developers are now on edge about what to do. Already, households are contending with soaring food prices and energy costs, and added to it now is the soaring building materials prices which have doubled in the last 12 months on the heels of surging inflation. The…

NIGERIA UNIVERSITY GET MASSIVE 600M POWER PLANT

Posted on February 14, 2024 by Gambeta News

Azura Power West Africa Limited has donated two plants which value is about N604 million to the University of Nigeria Nsukka (UNN), Enugu State, as part of its Corporate Social Responsibility. Performing the ground-breaking ceremony at the Faculty of Engineering, UNN, the Managing Director of Azura Power West Africa, Mr Edu Okeke, said the inauguration of the 240KW solar project and a car park was to support the university community to strengthen academic performance and…

FMBN SET TO REVAMP HOUSING DEMAND FOR NIGERIAN

Posted on February 12, 2024 by Gambeta News

The Federal Mortgage Bank of Nigeria has expressed its readiness to revamp and transform its operational activities to meet the housing demands of Nigerians. The Managing Director of the Bank, Madu Hamman, gave the commitment at its 2024 Management Retreat held on Friday in Niger State. The retreat was themed “Transformational Innovation for Sustainable Development in Uncertain Times.” He said the transformation was to rapidly reform and innovate towards meeting Nigeria’s housing shortfall through the…

HOW LASPPA SEALED 700 BUILDINGS IN 2023 FOR VIOLATING STATE LAWS IN NIGERIA

Posted on January 19, 2024 by Gambeta News

The Lagos State Physical Planning Permit Authority, LASPPPA, yesterday, disclosed that the 700 buildings were sealed in 2023 for flouting the relevant state’s laws. General Manager of LASPPPA, Mr. Kehinde Osinaike, said this while leading an enforcement team of the authority across the Ikeja Local Government Area of the state. Osinaike said the exercise has become necessary for the authority to avert building collapse in 2024. He said: “In 2023, we sealed more than 700…

LAGOS STATE GOVT. WARN HOME BUYER OVER FAKE REAL ESTATE DEVELOPERS IN NIGERIA

Posted on January 17, 2024 by Gambeta News

Lagos State government has warned prospective home buyers to beware of fake real estate developers and Unscrupulous house agents in the state, citing the linkage of fraud, and high demand of percentage cuts linked to developers in the state. The permanent secretary of the Ministry of Housing, Abdulhafis Toriola, who gave the warning at a meeting in Ikeja recently, advised buyers, especially, those in the Diaspora, to desist from transacting any business with the firm…

NIGERIA ELECTRICITY MINISTER SAY COMMUNITIES WILL STOP CONTRIBUTING FUNDS FOR INFRASTRUCTURAL PROJECTS

Posted on January 16, 2024 by Gambeta News

The Minister of Power, Adebayo Adelabu, has warned that communities will no longer be required to contribute money to buy transformers, electricity poles, or power lines by themselves, stating that it is the responsibility of the power distribution companies (DISCOs) to provide all needed infrastructure for power distribution and the maintenance. Adelabu also said he did not promise Nigerians magic in the power sector, but assured that the government is working hard to improve the…

ZAMFARA STATE GOVERNOR FLAG-OFF MULTIPLE STATE PROJECTS IN NIGERIA

Posted on January 8, 2024 by Gambeta News

The Governor of Zamfara State, Dauda Lawal on Saturday, flagged off the distribution of agricultural assets and farm inputs to farmers within Zamfara-west senatorial district of the state. The flag-off ceremony which took place in Gummi local government area (LGA), was part of Nigeria’s COVID-19 Action Recovery and Economic Stimulus Programme under the FADAMA III project. A statement by the spokesperson of the Governor, Sulaiman Bala Idris, disclosed that Mr Lawal, apart from flagging off…

NIGERIA GOVT. ANNOUNCED PLANS TO SHUT DOWN SECTION OF THIRD MAINLAND BRIDGE JAN 9

Posted on January 3, 2024 by Gambeta News

The Federal Government has announced a planned closure of the Iyana Oworonshoki-Adeniji Adele section of the Third Mainland Bridge from 11.00 a.m. on Tuesday, Jan. 9, 2024. The Federal Controller of Works, Lagos State, Mrs Olukorede Kesha, announced on Thursday in a statement. Kesha said the closure would be done on the Lagos Island-bound carriageway of the bridge. She appealed to motorists to obey traffic rules and use alternative routes to prevent hardship as comprehensive…

NIGERIA SENTOR SAYS PRISONERS FROM FOREIGN COUNTIRES WORKING AT CONSTRUCTION SITES

Posted on December 7, 2023 by Gambeta News

The chairman of the Senate Committee on Interior, Adams Oshiomhole, has raised the alarm that prisoners from foreign countries are working at construction sites in Nigeria. He spoke in Abuja on Wednesday when the Minister of Interior, Olubunmi Tunji-Ojo, appeared before the National Assembly Joint Committees on Interior for a budget defense session. “Your ministry needs to regulate the issuance of the quotas very well as I have it on good authority that prisoners from…

NIGERIA REPS AND NSE MEMBERS CLASH AT PLENARY SESSION OVER CONCRETE TECHNOLOGY

Posted on December 4, 2023December 4, 2023 by Gambeta News

The Nigerian Society of Engineers said the House lacked the power to investigate the issue. There was a mild drama on Thursday during the House of Representatives investigative hearing into the use of concrete technology for road construction as the lawmakers and the Nigerian Society of Engineers disagreed over the issue at the venue. At the hearing, the Chairman of the Committee on Works, Akin Alabi (APC, Oyo) and the Chairman Board of Trustees of…

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