Experts on economic matters have said that government must wake up and face the realities on ground, as it needs to invest N18 trillion yearly to meet up with infrastructure development in the country. To achieve this, they submitted that government must give room for private sector participation, allow sanctity of contracts and open up…
The Minister of Power, Works and Housing, Mr Babatunde Fashola, says the National Housing Programme initiated by the Federal Government has yielded its first expected result of creating employment for youths.Fashola said this on Friday in Owerri during an inspection of the National Housing Programme site in Imo State.
The rehabilitation of the damaged electricity infrastructure by Boko Haram insurgency in North-East, estimated at about N11 billion, will enable the country see reduction in inflation, especially prices of food and address rising poverty.
Nigeria’s electricity generation capacity dropped from the 5,222.3 megawatts (MW) attained earlier this year to 2,329.9 MW on May 6.This meant that e country lost about 3,710.8MW due to gas, line and frequency constraints, which is the equivalent of N1.870billion, according to the Nigerian Electricity Supply Industry (NESI).