Stella Dimoko Korkus.com: Federal Govt Releases N33bn For 2nd Niger Bridge To Be Completed In 2022

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Friday, December 07, 2018

Federal Govt Releases N33bn For 2nd Niger Bridge To Be Completed In 2022

A total amount of N33bn has so far been released for the implementation of the second Niger Bridge project.




The Managing Director, Nigerian Sovereign Investment Authority, Mr. Uche Orji, gave the figure while speaking shortly after an inspection of the project. Orji visited the site with the Obi of Onitsha, Nnaemeka Achebe, who was accompanied by some of his chiefs.


The project, which is being handled by Julius Berger Plc, was awarded in 2014 by the administration of former President Goodluck Jonathan. The Second Niger Bridge project, which is estimated to gulp about N220bn, has been experiencing delays owing to various challenges which had affected its timely implementation.


Speaking on the development, Orji expressed optimism that the project, which is estimated to gulp about N220bn, would not experience further delay. He said that private sector funding for the project was being planned to be raised by 2020 through bond and equity.
From punch

8 comments:

  1. This Niger bridge for how long? And it is usually at the tail end of every administration they release huge sum of money for its completion or whareva

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  2. Na today? Haven't they been on this for as long as l can remember

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  3. I'm sure 2022 will extend to 2026...

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  4. Our right. Thank you but no thanks.

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  5. This is a massive project and long over due at that buh the duration is quite a lengthy one.

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  6. Medicine after death.Asshole government.

    ReplyDelete
  7. Campaign money! APC swallow am!

    ReplyDelete

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