State governors have outlined ambitious plans to boost capital expenditure in states to address the infrastructure deficit in their various domains. The governors have earmarked N17.51 trillion to fund capital projects in their 2025 budgets. They had earmarked N11.34 trillion to fund similar projects in 2024 but could not secure sufficient funds, as the states recorded a deficit of N3.98 …

The Lagos State Government has unveiled a N3.37 trillion budget for 2025, tagged the “Budget of Sustainability”, with a strong focus on infrastructure development and environmental protection. The announcement was made by the Commissioner for Economic Planning and Budget, Mr. Ope George, during a budget analysis press conference held at Alausa, Ikeja, on Friday. The N3.367 trillion budget is projected …

The Federal Capital Territory (FCT) Nyesom Wike has revealed that over N300 billion has been invested in various projects, commending President Bola Tinubu’s commitment to infrastructural development. Wike, who made this known yesterday during the commissioning of 19 kilometres of road in Paikon – Korea- Ibwa road in Abuja, said that ongoing and completed projects reflect the administration’s focus on …

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has emphasised the untapped potential of the capital market in addressing Nigeria’s significant infrastructure deficit. Agama pointed out that the capital market, which has played a key role in mobilizing funds for various sectors of the economy, can similarly be leveraged to finance the country’s infrastructure needs, …

The Ekiti State Executive Council (SEC) has approved N4.15 billion for the execution of projects, including road rehabilitation, renovation of the House of Assembly complex, agriculture and construction of hostels. The Commissioner for Information, Taiwo Olatunbosun, said this in a statement made available in Ado Ekiti, the Ekiti State capital, on Tuesday. Olatunbosun said the SEC, in a bid to …

The Kano State Executive Council has approved N2,665,646,756.44 for multiple projects in the state. The initiative, announced during the 17th state executive council meeting, aims to foster sustainable development and improve the safety of residents across the state. In a statement by the Director General on Media, Sunusi Bature Dawakintofa, the approved projects reflect the government’s commitment to infrastructural growth …

The Minister of the Federal Capital Territory (FCT), Barrister Nyesom Wike has assured residents of Abuja of robust security and more infrastructure. Wike gave the assurance while briefing newsmen after a closed-door session with senators at the National Assembly, in Abuja on Wednesday. The Senate had invited the minister and the Commissioner of Police, FCT Command, to brief the lawmakers …

The Minister of Steel Development, Shuaibu Audu has urged Governor Ahmed Ododo of Kogi State to improve security and promote infrastructural development in the state. Audu made the call in a congratulatory message to Ododo in Abuja on Sunday for his inauguration as the fifth governor of the state, along with his deputy, Mr. Joel Oyibo. He urged Ododo to …