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Rivers community fumes over deplorable East-West road, issues ultimatum


Rivers community fumes over deplorable East-West road, issues ultimatum
The Punch
Published 8 July 2021
A Pan-ethnic social rights group, Ogoni People’s Assembly, has issued a 14-day ultimatum to the Federal Government and the Minister of Niger Delta Affairs, Senator Godswill Akpabio, to commence reconstruction of the Eleme-Onne section of the East-West Road or prepare for a mass action.
The group described the 15-kilometre section of the road as the busiest and most economically viable after Apapa in Lagos State due to the volume of daily traffic into major national assets, including the oil and gas free zone in Rivers State. ....

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Nigeria wealth fund mulls Sukuk bond to fund road projects


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Sukuk is a
form of Islamic banking that comply with Sharia by paying profit not interest generally by involving a tangible asset such as land in the investment.
Orji said the NSIA also plans to inject $50 million equity into an innovation fund that develops technology infrastructure in the country, most especially in data centres, data networking, software, pharmaceutical manufacturing, and many others.
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“I believe we will be coming into the market this year most likely, we will be coming via the Sukuk programme, which is something to note for the road projects.”
Orji, however, did not disclose the amount the NSIA is planning to raise via Sukuk. ....

Abuja Federal Capital Territory , Uche Orji , Presidential Infrastructure Development , Nigeria Sovereign Investment Authority , Presidential Infrastructure Development Fund , Lagos Ibadan Expressway , Second Niger Bridge , கூட்டாட்சியின் மூலதனம் பிரதேசம் , ப்ரெஸிடெந்ஶியல் உள்கட்டமைப்பு வளர்ச்சி , நைஜீரியா இறையாண்மை முதலீடு அதிகாரம் , ப்ரெஸிடெந்ஶியல் உள்கட்டமைப்பு வளர்ச்சி நிதி , இரண்டாவது நைஜர் பாலம் ,