States capital projects suffer delay over N4.5tn funding shortfall

by | Dec 9, 2024 | Business

About 29 state governments currently face a deficit of N4.25tn in funding capital projects, as this has resulted in the delay of various infrastructure projects in the affected states, The PUNCH reports. These states collectively disbursed a total sum of N3.76tn out of a budget target of N8.25tn to fund capital projects, requiring additional funding

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About 29 state governments currently face a deficit of N4.25tn in funding capital projects, as this has resulted in the delay of various infrastructure projects in the affected states, The PUNCH reports. These states collectively disbursed a total sum of N3.76tn out of a budget target of N8.25tn to fund capital projects, requiring additional funding

Read More About 29 state governments currently face a deficit of N4.25tn in funding capital projects, as this has resulted in the delay of various infrastructure projects in the affected states, The PUNCH reports. These states collectively disbursed a total sum of N3.76tn out of a budget target of N8.25tn to fund capital projects, requiring additional funding
Read More  Punch Newspapers – Business

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Minister partners BPP to end project delays

Minister partners BPP to end project delays

The Minister of Works, David Umahi, has emphasised the urgent need to eliminate all bureaucratic hurdles that hinder the timely and efficient evaluation of projects by the Bureau of Public Procurement. He underscored that streamlining these processes is essential for accelerating project implementation and ensuring that procurement activities are not delayed due to unnecessary administrative

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The Minister of Works, David Umahi, has emphasised the urgent need to eliminate all bureaucratic hurdles that hinder the timely and efficient evaluation of projects by the Bureau of Public Procurement. He underscored that streamlining these processes is essential for accelerating project implementation and ensuring that procurement activities are not delayed due to unnecessary administrative

Read More The Minister of Works, David Umahi, has emphasised the urgent need to eliminate all bureaucratic hurdles that hinder the timely and efficient evaluation of projects by the Bureau of Public Procurement. He underscored that streamlining these processes is essential for accelerating project implementation and ensuring that procurement activities are not delayed due to unnecessary administrative
Read More  Punch Newspapers – Business

The Minister of Works, David Umahi, has emphasised the urgent need to eliminate all bureaucratic hurdles that hinder the timely and efficient evaluation of projects by the Bureau of Public Procurement. He underscored that streamlining these processes is essential for accelerating project implementation and ensuring that procurement activities are not delayed due to unnecessary administrative
Read More

Presidential committee donates N1bn to Borno

Presidential committee donates N1bn to Borno

The Presidential Committee on Flood Relief and Rehabilitation has handed over relief materials worth N1bn to the Borno State Government to assist victims of the 2024 floods. The Dangote Group announced the donation in a statement on Wednesday, stating that it includes food and non-food items, and was formally presented during a ceremony in Maiduguri

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The Presidential Committee on Flood Relief and Rehabilitation has handed over relief materials worth N1bn to the Borno State Government to assist victims of the 2024 floods. The Dangote Group announced the donation in a statement on Wednesday, stating that it includes food and non-food items, and was formally presented during a ceremony in Maiduguri

Read More The Presidential Committee on Flood Relief and Rehabilitation has handed over relief materials worth N1bn to the Borno State Government to assist victims of the 2024 floods. The Dangote Group announced the donation in a statement on Wednesday, stating that it includes food and non-food items, and was formally presented during a ceremony in Maiduguri
Read More  Punch Newspapers – Business

The Presidential Committee on Flood Relief and Rehabilitation has handed over relief materials worth N1bn to the Borno State Government to assist victims of the 2024 floods. The Dangote Group announced the donation in a statement on Wednesday, stating that it includes food and non-food items, and was formally presented during a ceremony in Maiduguri
Read More

Oil production hits 1.7mbpd – FG

Oil production hits 1.7mbpd – FG

The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels per day in November 2024, up from 1.538mbpd recorded in October 2024. According to the latest data released by the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government, liquid crude oil production

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The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels per day in November 2024, up from 1.538mbpd recorded in October 2024. According to the latest data released by the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government, liquid crude oil production

Read More The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels per day in November 2024, up from 1.538mbpd recorded in October 2024. According to the latest data released by the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government, liquid crude oil production
Read More  Punch Newspapers – Business

The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels per day in November 2024, up from 1.538mbpd recorded in October 2024. According to the latest data released by the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government, liquid crude oil production
Read More

Huawei unveils local cloud service in Nigeria

Huawei unveils local cloud service in Nigeria

Huawei has launched Nigeria’s first local cloud service, becoming the first international cloud vendor to offer such services in the country, according to a statement released on Wednesday. The service, which utilises Tier 3+ data centres, reportedly delivers the fastest cloud services in Nigeria with a latency of just 15 milliseconds. These centres provide data

Read More

Huawei has launched Nigeria’s first local cloud service, becoming the first international cloud vendor to offer such services in the country, according to a statement released on Wednesday. The service, which utilises Tier 3+ data centres, reportedly delivers the fastest cloud services in Nigeria with a latency of just 15 milliseconds. These centres provide data

Read More Huawei has launched Nigeria’s first local cloud service, becoming the first international cloud vendor to offer such services in the country, according to a statement released on Wednesday. The service, which utilises Tier 3+ data centres, reportedly delivers the fastest cloud services in Nigeria with a latency of just 15 milliseconds. These centres provide data
Read More  Punch Newspapers – Business

Huawei has launched Nigeria’s first local cloud service, becoming the first international cloud vendor to offer such services in the country, according to a statement released on Wednesday. The service, which utilises Tier 3+ data centres, reportedly delivers the fastest cloud services in Nigeria with a latency of just 15 milliseconds. These centres provide data
Read More

Naira falls to N1,745/$ on parallel market

Naira falls to N1,745/$ on parallel market

The exchange rate between the naira and dollar dropped to about N1,745/$1 on the parallel market on Wednesday, The PUNCH reports. This is a sharp reversal from the N1,600 levels recorded at the end of last week. While some P2P exchanges quoted N1,715/$, some International Money Transfer Operators checked quoted N1,745/$. Stock trading apps like

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The exchange rate between the naira and dollar dropped to about N1,745/$1 on the parallel market on Wednesday, The PUNCH reports. This is a sharp reversal from the N1,600 levels recorded at the end of last week. While some P2P exchanges quoted N1,715/$, some International Money Transfer Operators checked quoted N1,745/$. Stock trading apps like

Read More The exchange rate between the naira and dollar dropped to about N1,745/$1 on the parallel market on Wednesday, The PUNCH reports. This is a sharp reversal from the N1,600 levels recorded at the end of last week. While some P2P exchanges quoted N1,715/$, some International Money Transfer Operators checked quoted N1,745/$. Stock trading apps like
Read More  Punch Newspapers – Business

The exchange rate between the naira and dollar dropped to about N1,745/$1 on the parallel market on Wednesday, The PUNCH reports. This is a sharp reversal from the N1,600 levels recorded at the end of last week. While some P2P exchanges quoted N1,715/$, some International Money Transfer Operators checked quoted N1,745/$. Stock trading apps like
Read More