ogunbusola foci president

Nigeria: '90 Percent of Construction Industry CEOs ...

Jun 24, 2015· The President of the Federation of Construction Industry (FOCI), Mr. Solomon Ogunbusola, made the disclosures at a press briefing in Abuja. Describing the move as grossly unfair and likely to unnecessarily portray the construction industry in bad light, he said if the CBN must publish the debtors' names, it should publish alongside the amount ...

Bank Debtors Not Blacklisted from Banking System, Says CBN ...

According to Ogunbusola, the Federal Ministry of Works alone presently owes its members over N500 billion, while one of the firms is being owed N70 billion by the Federal Government. The FOCI President urged the CBN to equally publish names of government ministries, departments and agencies indebted to FOCI members if it must implement the threat.

2016 Budget: As Contractors Set to Return to Sites ...

By Kenneth Odoko The truth is, a good food is worth waiting for. Given the energy exerted on the original copy of the 2016 budget document submitted to the National Assembly by President Muhammadu Buhari and the period of time devoted to review, criticize, edit and rework the document, one can easily understand why Nigerians […]

Construction Industry Hail Award Of N126 Billion Road ...

The Federation of Construction Industry, FOCI, commends FG's plan to award road construction contracts worth N126 billion across the country.

57th FOCI EXHIBITION BROCHURE by revachi -

Bldr. Solomon A. Ogunbusola (FOCI President) "With over 56 years of construction experience in Nigeria, FOCI has become a reference point for sustained excellence in the construction industry."

Construction Union laments incessant kidnapping of workers ...

Mar 11, 2013· President of FOCI, Solomon Ogunbusola in a statement in Abuja yesterday, and made available to DailyPost said that in the last one year, eleven expatriate workers by Setraco Nigeria Limited had been kidnapped in the South. Only on Saturday, seven expatriates forcefully seized in February in the Northern part of the country were reportedly ...

Construction stakeholders commend NIOB/SURE-P seminar ...

Apr 27, 2014· Nigerian Institute of Building (NIOB) and Subsidy Reinvestment Empowerment Program (SURE-P), has put together an Up-skilling Training Workshop for building construction Artisans and Craftsmen on basic construction and entrepreneurship skills, across the nation. The first phase is meant to train about 1000people (30 persons per state and Abuja).

Past Government Owed Construction Firms N500 Billion ...

Jun 01, 2015· President, Federation of Construction Industry (FOCI), Mr Solomon Ogunbusola, said that the nation's construction sector of the economy was comatose due to the failure of the Federal Government and some state governments to pay construction firms for projects they have completed.

FG, states, others owe construction firms over N600bn

FG, states, others owe construction firms over N600bn. ... President of FOCI, Mr. Solomon Ogunbusola, who made this known at the 59th Annual General Meeting of the body, in Abuja said ex-President Goodluck Jonathan gave the construction industry so …

Controversial Taming of Chronic Bank Debtors – Realnews ...

Solomon Ogunbusola, president of the FOCI, during a press conference expressed displeasure over the CBN's threat. He said the inability of his members to pay back bank loans was caused by governments' indebtedness to them. Ogunbusola lamented that his members had spent the loans they obtained from banks on projects such as roads and ...

Government to inherit N500b loan FG is owing ...

Apr 17, 2015· President, Federation of Construction Industry (FOCI), Solomon Ogunbusola, yesterday said the Federal Government is owing construction companies over N500 billion. He lamented that most of his members are currently on the verge of extinction. "It is …

Contractors urge governments to pay N600 billion debt ...

Jul 18, 2016· At the Annual General Meeting (AGM) of the FOCI recently in Abuja, President of the Federation, Solomon Ogunbusola observed that even though there has been great improvement in security situation in the country, in recent times, there is need for government to find an amicable solution to the militancy in the Niger Delta.

Debt: Construction firms stay away from sites – Punch ...

May 30, 2016· The FOCI president stated that construction firms were, however, hopeful that the government would fulfil its promise to pay the debts, but was quick to state that it would be practically impossible to mobilise to site without the payment. "We hope to start receiving payment soon, according to ministry, and when that happens, you will know.

Contractors,FG Trades Words On Debt As Road Construction ...

While the local con tractors claim that they are being owed N500 billion, the Federal Government insisted that it owed the contractors only N30 billion. It was gathered that the failure of the government to fulfil its financial obligations to the contractors has stalled the repair works on the major road projects awarded by the government such as Lagos-Ibadan expressway.

December | 2013 | newafrikan77 | Page 3

In Latin America, socialism is a major issue, thanks largely to the Venezuelan revolution led by President Hugo Chavez, which has made constructing a new socialism of the 21st century†its goal a humanist and democratic socialism, Chavez has insisted, that will not be …

'FG owes construction industry over N600 billion' | The ...

Jun 24, 2015· The Federation of Construction Industry (FOCI) has said that the immediate past administration of President Goodluck Jonathan is indebted to contractors to the tune of about N600 billion. President of FOCI, Solomon Ogunbusola, told journalists yesterday in …

Construction Union laments incessant kidnapping of workers ...

Mar 11, 2013· President of FOCI, Solomon Ogunbusola in a statement in Abuja yesterday, and made available to DailyPost said that in the last one year, eleven expatriate workers by Setraco Nigeria Limited had been kidnapped in the South.

FG owes construction firms N500bn – FOCI - Nigeria ...

Apr 21, 2015· The President of FOCI, Mr. Solomon Ogunbusola, raised the alarm in a statement in which the body congratulated the President-elect, Maj.-Gen. Muhammadu Buhari (retd), on his recent victory in the presidential election, and President Goodluck Jonathan for his "exceptional show of statesmanship and concession of defeat."

6 Ways Nigerian Construction Companies Can Survive Naira ...

Sep 18, 2015· 6 Ways Nigerian Construction Companies Can Survive Naira Devaluation . 1. Reduction in Overhead Cost. Overhead costs can pile up quickly in any business, but especially in construction. Overhead costs are the ongoing costs associated with running a business.

NIOB/SURE-P up-skilling workshop holds in Abuja | Urban ...

Apr 22, 2014· The Nigerian Institute of Building (NOIB), North Central Zone, in association with SURE-P has organized the first up-skilling training workshop for artisans/craftsmen in the zone. North Central Zone will produce 240 attendees at the seminar that will last for five days. NIOB is the body that regulates the activities of all builders in the…

Solomon Ogunbusola – President, FOCI

Mar 12, 2014· Bldr. Solomon Akinwole Ogunbusola was inaugurated as the President of the prestigious Federation of Construction Industry, Nigeria last year. A Building and Civil Engineering Contractor and Project Management Specialist with over 25 years' experience, he is the Chairman and Chief Executive Officer of S & M Nig. Ltd, an indigenous Civil Engineering Company based in […]

Julius Berger, Dantata, others fault CBN on debtors' list ...

The Central Bank of Nigeria (CBN) has come under fire over the publication of delinquent bank debtors. President of Federation of Construction Industry (FOCI) Mr. Solomon Ogunbusola, said his ...

40 Best Cultural-Sy writing 4 the 3rd Eye images in 2015 ...

Aug 6, 2015- Explore chaoschronicals's board "Cultural-Sy writing 4 the 3rd Eye" on Pinterest. See more ideas about Africa, Africa art and African art.

2016 budget delay cripples government offices – Punch ...

Apr 02, 2016· Speaking on behalf of contractors and construction firms, the President, FOCI, Mr. Solomon Ogunbusola, stated that he was not aware of any …

Fear Of Job Losses As FX Scarcity Persists, Oil Prices ...

Solomon Ogunbusola, president of the Federation of Construction Industry, (FOCI), the umbrella body for major construction companies operating in Nigeria, recently lamented that the industry was at a crossroads. According to Ogunbusola, various construction firms in the country are owed over N600 billion for projects already executed, a ...

Recession: Construction Firms Sack 65,000 Workers - Career ...

FOCI president, Solomon Ogunbusola, while addressing journalists in Abuja, yesterday, called on the federal government to wade in and save the sector from total collapse.

Debt: Construction Firms Stay Away From Sites — Economic ...

The President, Federation of Construction Industry, an umbrella body for the construction companies in the country, Mr. Solomon Ogunbusola, told our correspondent that operators in the sector held a meeting with Vice President Yemi Osinbajo on the issue of payment to the contractors. ... The FOCI president stated that construction firms were ...

N500 billion debt: FOCI demands state of emergency in ...

May 26, 2015· President of the 61-year old pressure group, Mr Solomon Ogunbusola, a builder, was irked with the directive given to commercial banks by the Central Bank of …

Nigeria: 'Construction Industry to Grow By 110 Per Cent ...

The Federation of Construction Industry (FOCI) President Ogunbusola Solomon has predicted a boom for the nation's industry this year, saying that that construction in Nigerian market would be more ...

FG, States Battle Another N600bn Debt Legit.ng

Ogunbusola is also worried about FOCI's 126 registered member companies that were compelled to downsize and now utililise less than 30 per cent of their staff strength. The body however, seeks the intervention of President Muhammadu Buhari, Senate President; Olusola Saraki and Speaker, House of Representatives, Yusuf Dogara.

Relief, as oil workers, others suspend strike by Vanguard ...

May 26, 2015· Contractors allege non-payment for completed projects (Inset): Mr. Solomon Ogunbusola, FOCI president. working below 30 percent, not because we are interested in doing this, but we have been ...

Federal Government Construction companies threaten to ...

The President of Federation of Construction Industry (FOCI), Mr Solomon Ogunbusola said"Only the Federal Ministry of Works is owing our members N500 billion and one company is owed over N70 billion." He added that 'All construction companies in Nigeria are being owed huge sums of money amounting to over N500 billion.