{"id":51073,"date":"2021-06-25T19:03:10","date_gmt":"2021-06-25T18:03:10","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=51073"},"modified":"2021-06-25T19:07:55","modified_gmt":"2021-06-25T18:07:55","slug":"were-investing-over-1bn-on-2nd-niger-bridge-lagos-ibadan-expressway-says-osinbajo","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/06\/25\/were-investing-over-1bn-on-2nd-niger-bridge-lagos-ibadan-expressway-says-osinbajo\/","title":{"rendered":"We\u2019re investing over $1bn on 2nd Niger bridge, Lagos-Ibadan expressway, says Osinbajo"},"content":{"rendered":"<p>Nigeria&#8217;s vice president, Yemi Osinbajo has disclosed that the federal government is investing $1 billion on three flagship projects in the country.<\/p>\n<p>The projects are namely; the Lagos-Ibadan expressway,\u00a0Second Niger Bridge, and Abuja-Kaduna-Zaria-Kano expressway.<\/p>\n<p>This was made known by the vice president during his keynote address delivered at the 51st annual conference of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) held in Abuja on Thursday.<\/p>\n<p>Osinbajo, who was represented by Abubakar Aliyu, minister of state for works and housing, said the FG had been intervening in critical sectors in order to boost the economy.<\/p>\n<p>\u201cOn roads, the government created the Presidential <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/06\/25\/nigeria-is-poor-lawan-defends-borrowing-to-fund-infrastructure\/\">Infrastructure<\/a> Development Fund, investing over a billion dollars in three flagship projects: the Lagos-lbadan Expressway, Second Niger Bridge, and Abuja-Kaduna-Zaria-Kano Expressway,\u201d he said.<\/p>\n<p>\u201cThe government also approved Executive Order 7, which essentially mobilises private investment through a tax credit scheme to encourage the private sector to invest in road construction for tax rebates.<\/p>\n<p>\u201cSimilarly, the implementation of the Highway Development and Management Initiative is ongoing. This is a PPP (Public Private Partnership) programme to mobilise, at first, over a trillion naira in private investment for the development and maintenance of 1,963km of 12 roads.\u201d<\/p>\n<p>Also speaking at the event,\u00a0Babatunde Fashola, minister of works and housing, said the development of critical infrastructures such as the provision and maintenance of new roads and bridges, airports, rail infrastructure, among others, had salutary impacts on the real estate sector.<\/p>\n<p>Fashola was represented by Aisha Mohammed, an official of his ministry.<\/p>\n<p>\u201cIt is therefore in realisation of this fact that the Federal Government has taken deliberate steps to bridge our infrastructural deficit, which is estimated to be in excess of N15 trillion,\u201d he said.<\/p>\n<p>He said the government understood that real estate development was hinged on land and was making conscious efforts with respect to the accessibility, affordability and security of land and titles.<\/p>\n<p>\u201cBetween July 2018 and May 2021, the Federal Ministry of Works and Housing has processed and issued 4,628 Certificates-of-Occupancy and 2,230 consents to secondary land transactions,\u201d Fashola added.<\/p>\n<p>On his part, Okas Wike, president and chairman of council, NIESV, called for improvement in the security situation across the country, emphasising that this was having a severe negative impact on the real estate sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria&#8217;s vice president, Yemi Osinbajo has disclosed that the federal government is investing $1 billion on three flagship projects in the country. The projects are namely; the Lagos-Ibadan expressway,\u00a0Second Niger Bridge, and Abuja-Kaduna-Zaria-Kano expressway. This was made known by the vice president during his keynote address delivered at the 51st annual conference of the Nigerian [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":3116,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[1091,11830,1139,11831,805],"class_list":["post-51073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-babatunde-fashola","tag-infrastructural-development","tag-lagos-ibadan-expressway","tag-nigerian-institution-of-estate-surveyors-and-valuers","tag-yemi-osinbajo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>We\u2019re investing over $1bn on 2nd Niger bridge, Lagos-Ibadan expressway, says Osinbajo<\/title>\n<meta name=\"description\" content=\"Nigeria&#039;s vice president, Yemi Osinbajo has disclosed that the federal government is investing $1 billion on three flagship projects in the country.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/06\/25\/were-investing-over-1bn-on-2nd-niger-bridge-lagos-ibadan-expressway-says-osinbajo\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We\u2019re investing over $1bn on 2nd Niger bridge, Lagos-Ibadan expressway, says Osinbajo\" \/>\n<meta property=\"og:description\" content=\"Nigeria&#039;s vice president, Yemi Osinbajo has disclosed that the federal government is investing $1 billion on three flagship projects in the country. The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2021\/06\/25\/were-investing-over-1bn-on-2nd-niger-bridge-lagos-ibadan-expressway-says-osinbajo\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-25T18:03:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-25T18:07:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/03\/ify-davies\/2021\/03\/06\/osinbajo-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" 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