EKO HOT BLOG reports that according to a recent survey, cement prices in some northern states have seen a decline. As reported by Legit, major cement manufacturers like Dangote, Lafarge, and BUA are selling the product at nearly identical prices. Despite efforts by the Nigerian government to alleviate the rising costs of construction materials, cement remains … Read more
Nigeria faces a multitude of crises, a suffocating blend of economic hardship and escalating insecurity. This dangerous mix is evident in the recent kidnapping of over 280 pupils and teachers from schools in Kaduna state. While the safe return of these victims remains the most pressing concern, this horrific event compels us to analyze the … Read more
EKO HOT BLOG reports that the Lagos State Government has refuted a claim that it has signed an agreement to start the construction of the proposed green rail line. Recall that in 2021, Governor Babajide Sanwo-Olu announced that the state government would construct a green rail line at the Lekki Free Trade Zone to complement the … Read more
EKO HOT BLOG reports that the Lagos State Commissioner for Information and Strategy, Mr. Gbenga Omotoso, has said that the state government will focus on completing ongoing projects across the state in the new year. Omotoso, who spoke to The Punch in an interview on Sunday, said Governor Babajide Sanwo-Olu’s “ambitious N2.2tn budget” would be utilised … Read more
EKO HOT BLOG reports that the Minister of Works, David Umahi, has insisted that there is no going back on the construction of concrete roads saying President Bola Tinubu has approved that it should be enforced. He, however, urged road construction companies nationwide to learn from the ingenuity of Sermatech Nigeria Limited. EDITOR’S PICKS Ogun … Read more
EKO HOT BLOG reports that the Minister of Federal Capital Territory (FCT), Nyesom Wike, and his counterpart in the Aviation and Aerospace Development Ministry, Festus Keyamo, have met with the people of Jiwa community in Abuja. After the meeting, which was also attended by officials of both ministries and representatives of their agencies, Wike announced … Read more
Tinubu has outlined his economic agenda, focusing on job creation, economic growth, and improved governance. The administration aims to stimulate the economy through budgetary reforms, industrial policies, and enhanced electricity accessibility. Efforts will also be made to strengthen security, prioritize infrastructure development, and address concerns in agriculture and monetary policies. EKO HOT BLOG reports that … Read more
The Nigerian government has approved N1.535 trillion for the construction and rehabilitation of 11 major roads across. The roads will span over 700km and connect 11 different states. This initiative was approved by the Federal Executive Council under the leadership of President Muhammadu Buhari EKO HOT BLOG reports that the sum of N1.535 trillion has … Read more
The Central Bank of Nigeria (CBN) says it will promote the establishment of InfraCo PLC with combined debt and equity take-off capital of N15 trillion to solely focus on infrastructure development as the country works towards mitigating the impact of COVID-19 on the economy. The Apex Bank Governor, Godwin Emefiele, in a 27-page policy response … Read more