Law To Transfer Federal Roads To State Gov’ts Underway

Law To Transfer Federal Roads To State Gov’ts Underway

The House of Representatives has taken a significant step towards decentralising road infrastructure management, as a Bill seeking to transfer federal roads—excluding Trunk ‘A’ roads—to the concurrent legislative list passed the second reading stage on Wednesday The proposed constitution amendment, sponsored by Hon. Ikenga Ugochinyere, who represents Ideato North/Ideato South Federal Constituency of Imo State, aims to grant state governments and…

FG set to concession major highways nationwide, eyes private sector investment

The Federal Government has announced plans to concession major highways to improve road infrastructure through the Highways Management and Development Initiative (HMDI). Minister of Finance and Coordinating Minister of the Economy Wale Edun disclosed this during a Zoom dialogue meeting in Abuja on Thursday. According to Edun, the HMDI will facilitate the concession of major highways, leveraging private sector investment to enhance road infrastru…

Nigeria’s economy after near collapse is achieving stability – Edun - Worldstage

WorldStage Newsonline–  Nigeria’s economy which narrowly avoided collapse, having survived on illegally borrowed central bank funds far beyond regulatory limits has achieved relative stability over the past 18 to 20 months, according to the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun. Edun said during a Zoom dialogue meeting in Abuja on Thursday that “Where we are now is that, in the last quarter of 2024, the econo…

FG Transitioning From Bilateral Financing To Domestic Bond Issuance—Edun

The federal government has said that the Highways Management and Development Initiative will facilitate the concessions of major highways to improve road infrastructure. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, made this announcement during a Zoom dialogue meeting in Abuja on Thursday. “The Highways Management and Development Initiative would facilitate the concessioning of major highways to improve road in…

Economy Stabilising As Inflation Eases, Growth Nears Target — Finance Minister

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the country’s macroeconomic indicators are showing signs of sustained improvement following nearly two years of coordinated fiscal and monetary reforms aimed at pulling the economy back from the brink of collapse. Speaking during a virtual policy dialogue on Thursday, Edun disclosed that […] The post Economy Stabilising as Inflation Eases, Growth Nears Target…

Nigeria’s economy achieving stability – Edun

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says Nigeria’s economy has achieved relative stability over the past 18 to 20 months. By Nana Musa The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says Nigeria’s economy has achieved relative stability over the past 18 to 20 months. Edun said this during a Zoom dialogue meeting in Abuja on Thursday. According to him, the economy narrow…