Tag: Construction

Finance

Construction costs rise 20% as material prices soar — Report

Nigeria’s construction costs increased by 20 per cent between December 2025 and May 2026 as rising prices of building materials and energy continued to put pressure on the sector. Nairametrics reported that the increase was disclosed in a report by Fortren & Company, authored by the firm’s Chief Executive Officer, Martin Uche. According to the […]

FG begins compensation for demolished properties along Lagos-Calabar coastal highway
News

FG begins compensation for demolished properties along Lagos-Calabar coastal highway

The Ministry of Works has announced the imminent commencement of compensation for property owners affected by demolitions along the Lagos-Calabar Coastal Highway corridor. This update was shared in a statement on the Ministry’s website following the launch of demolition activities along the highway in Lagos State. The event was graced by the presence of the […]

FG reviews road concessions, repairs on Kaduna-Abuja expressway
Business

FG enlists retired military officers to safeguard highway construction workers

Retired military and security personnel have been hired by the Federal Government through the Ministry of Works to guard and secure building sites. According to The PUNCH, during a meeting with Adhoc Committee members at the ministry’s Abuja headquarters, Minister of Works, David Umahi revealed this. “The team was formed to address the persistent concerns […]