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  • The second Niger Bridge will not be completed and ready for use until 2020, Uche Orji, Managing Director and CEO of Nigerian Sovereign Investment Authority (NSIA), has said.
  • The bridge flagged off on March 2014 by former President Goodluck Jonathan was initially billed for completion in March 2018.
  • Orji who briefed President Muham­madu Buhari yesterday, on the Second Niger Bridge, health care, agriculture, power and other activities of the NSIA, the sum of $2.2 million has been spent on the project preparatory state of the bridge alone.
  • While speaking to State House correspondents, he said the volatile oil prices have prevented the Federal Government from contributing to the NSIA), after the initial deposit of $1billion in seed capital from the nation’s excess crude account by the Jonathan-led administration, to kick off the fund in 2013.
  • He however, said despite the lack of funding, the NSIA had so far made a turnover of N15.7 billion prof­it, and that they had briefed the President on alternative ways of supporting the fund, which will be made known to the public when the time is right.


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