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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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

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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
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Read More The Nigerian Safety Investigation Bureau has initiated an investigation into a runway accident involving a Boeing 737-400 cargo aircraft operated by Allied Air. In a statement signed on Wednesday by the Director of Public Affairs and Family Assistance at NSIB, Bimbo Oladeji, the bureau affirmed its commitment to uncovering the causes of the incident. NSIB
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The management of Dangote Cement, Plc, Ibese, in Yewa North Local Government Area of Ogun State, on Wednesday presented a cheque of N16,215,000 scholarships to 120 indigent students as part of activities to mark its 2024 Community Day. The company has equally reiterated its commitment to improving the lives of the residents of its host

Read More The management of Dangote Cement, Plc, Ibese, in Yewa North Local Government Area of Ogun State, on Wednesday presented a cheque of N16,215,000 scholarships to 120 indigent students as part of activities to mark its 2024 Community Day. The company has equally reiterated its commitment to improving the lives of the residents of its host
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The House of Representatives on Wednesday, resolved to investigate alleged smuggling activities by Nigeria Customs Service personnel. The House decided at a plenary session following adopting a motion of urgent public importance sponsored by the member representing Badagry Federal Constituency, Lagos State, Mr Oluwaseun Whingan. Justifying the need to support the motion, the Lagos lawmaker

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