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Home Business News Business

FG says Second Niger Bridge will be completed in 2022, project to cost N414 billion

Chike Olisah by Chike Olisah
November 23, 2020
in Business
N117 billion approved by FG for road rehabilitation, Second Niger Bridge will be completed in 2022, project, Minister of Power works and housing Babatunde Fashola, Shell Nigeria Exploration and Production Company, SNEPCo Bayo Ojulari, Power supply in Nigeria

Babatunde Fashola. Minister for Power

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The Federal Government has assured that the Second Niger Bridge project is on course and would be completed by 2022.

In the breakdown of the project cost which will cost the Federal Government about N414 billion, it said that the bridge alone would cost N206 billion, while ancillary roads linking the bridge would cost about N208 billion.

READ: Senate summons Fashola, Ahmed over contract sum variation for Second Niger Bridge, others

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This disclosure was made by the Minister for Works and Housing, Babatunde Raji Fashola, during a town hall meeting with stakeholders and host communities of Second Niger Bridge on Friday, November 20, 2020.

The minister also carried out a project update inspection of the main works and associated infrastructure of the Second Niger Bridge project in Anambra and Delta States.

He urged agitating persons in the area to think about the economic benefits of the project to them.

READ: FG to repatriate fresh $321million Abacha loot, to be spent on road construction 

While pointing out that some grounds on the job had been lost owing to conflicts resulting from compensation, Fashola urged people who are agitating in the area, to think about the economic benefits of the project to them

He reminded the stakeholders and host communities that beyond the bridge and the roads, the materials needed for the construction were big economic empowerment for host communities and people of the two states of Anambra and Delta.

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He said, “Let me speak to what this project will do, what it is doing and what it will be delivering. In order to complete this project, this company will be needing 644 aggregates. The contractors won’t import these; they will be buying them from here.

“They will need four million cubic tonnes of sand; 68,000 tonnes of cement and 21,000 tonnes of re-enforcement. The company will need 19m litres of diesel which will be supplied by contractors as it does not produce diesel while 1400 indigenous workers will be employed to work on the bridge.”

READ: Lekki Deep Sea Port must be operational by 2022 – Amaechi

He noted that from the start of the project the price of land in the area began to go up.

Fashola has for some days, been making official visits to the 3 flagship projects under the Presidential Infrastructure Development Fund and assured of President Muhammadu Buhari’s commitment to the completion of these 3 projects by 2023.

These projects include the Abuja-Kaduna-Kano Dual Carriageway, the main works and associated infrastructure of the Second Niger Bridge and the reconstruction, rehabilitation and expansion of the Lagos-Ibadan Dual Carriageway.

READ: Power: Mambilla Power Project not prioritised by Ministry of Power for 2021 Budget – Finance Minister

Minister of @FMWHNIG, @tundefashola, on the Second Niger Bridge, during his visit on November 20, 2020: “The President asked me to assure you that nothing would stop the completion of the project in 2022. The project is on course.” pic.twitter.com/PbwBo4U2op

— Government of Nigeria (@NigeriaGov) November 23, 2020

 

 

 


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Tags: Babatunde Raji FasholaNigeria NewsSecond Niger Bridge
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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