• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Real Estate and Construction

FG approves N17 billion for repair of fire-damaged Iddo Bridge after cost review 

Caleb Obiowo by Caleb Obiowo
July 5, 2025
in Real Estate and Construction, Sectors
FG approves N17 billion for repair of fire-damaged Iddo Bridge after cost review 
Share on FacebookShare on TwitterShare on Linkedin

The Federal Government has approved N17 billion for the rehabilitation of the fire-damaged Iddo Bridge in Lagos, following a downward review from the initial N27 billion proposal due to cost-efficiency concerns and project scope.

Minister of Works, Senator Dave Umahi, disclosed this during an inspection of the bridge on Friday in Lagos, as reported by the News Agency of Nigeria (NAN).

He revealed that the reduction came after extensive negotiations with Julius Berger Nigeria Plc, the contractor handling the project.

RelatedStories

FG restricts NNPCL Tax Credit road contracts below N20 billion to indigenous firms 

FG restricts NNPCL Tax Credit road contracts below N20 billion to indigenous firms 

September 10, 2025
FG increases compensation for Section 1 of Lagos-Calabar Highway from N8 billion to N18 billion 

Lagos-Calabar Highway: Umahi directs that 2 TV stations should have access to site every week

August 19, 2025

“The Federal Government has successfully negotiated the cost of the Iddo Bridge rehabilitation from an initial N27 billion to N17 billion. 

“The Minister of Works, Sen. Dave Umahi, made this known to journalists during an inspection of the bridge on Friday in Lagos,” the NAN report read in part.  

It further quoted Umahi as saying, “Julius Berger quoted, I think, N27 billion or thereabout, but after much negotiation and discussion, we have now arrived at N17 billion.” 

He commended the company for its improved cooperation under new leadership, noting that the successful cost reduction was made possible by a more open and flexible negotiation process.

In recent months, the Federal Government has terminated several contracts with construction firms over pricing disagreements. Notably, in November 2024, the Ministry of Works terminated the N740 billion contract with Julius Berger for Section I (Abuja-Kaduna) of the Abuja-Kaduna-Zaria-Kano Dual Carriageway spanning the FCT, Kaduna, and Kano States.

More insights  

The Iddo Bridge sustained extensive structural damage following a fire incident traced to illegal occupants who had constructed makeshift shelters beneath the structure. The blaze, reportedly caused by the storage of chemicals and open flames, compromised three major spans of the bridge.

  • Initially conceived as a minor rehabilitation project, the scope of work has since been expanded to a full-scale reconstruction due to the extent of the damage. In addition to the fire, the bridge has suffered from years of neglect, frequent collisions by heavy-duty vehicles, and general structural abuse.
  • Currently, the headroom beneath the bridge is about 4.5 metres. To prevent future impact damage from trucks, the Ministry of Works plans to raise this clearance to at least 5.6 metres.

The Federal Government has also ruled out any return of informal settlers beneath the bridge, citing safety and structural preservation. The ministry reiterated its commitment to delivering durable infrastructure that meets safety standards and offers long-term value.


Follow us for Breaking News and Market Intelligence.
Tags: Dave UmahiIddo Bridge
Caleb Obiowo

Caleb Obiowo

Caleb Obiowo is a graduate of Urban and Regional Planning from the University of Uyo. At Nairametrics, he covers transport and logistics in Nigeria, along with real estate, construction, and aviation. He focuses on delivering clear, easy-to-understand stories and often digs deeper into industry issues through conversations with key players.

Related Posts

FG restricts NNPCL Tax Credit road contracts below N20 billion to indigenous firms 
Real Estate and Construction

FG restricts NNPCL Tax Credit road contracts below N20 billion to indigenous firms 

September 10, 2025
FG increases compensation for Section 1 of Lagos-Calabar Highway from N8 billion to N18 billion 
Real Estate and Construction

Lagos-Calabar Highway: Umahi directs that 2 TV stations should have access to site every week

August 19, 2025
FG Promissory Notes rise to N1.65 trillion, up 114% in one year under Tinubu 
Real Estate and Construction

Flood aftermath: President Tinubu okays N16.7 billion for swift rebuild of Mokwa Bridge 

August 16, 2025
David Umahi,
Real Estate and Construction

FG to review funding approaches for new N359 billion Carter Bridge, N3.6 trillion Third Mainland Bridge

August 15, 2025
David Umahi,
Real Estate and Construction

FG reviews proposal to replace Carter Bridge with N320 billion cable-stayed option 

July 5, 2025
FG increases compensation for Section 1 of Lagos-Calabar Highway from N8 billion to N18 billion 
Real Estate and Construction

FG awards contracts worth over N3 trillion for Lagos-Calabar Coastal Highway sections in Lagos, Akwa Ibom, and Cross River

June 19, 2025
Next Post
Naira , dollar, exchange rate

Naira set to break below N1,500/$ resistance 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

otd
Palmpay
access bank
nairametrics
first bank








DUNS

Recent News

  • Businesses pivot to commercial papers as overdrafts become expensive 
  • International Breweries Plc delivers robust revenue growth and operational momentum at 48th Annual General Meeting 
  • Post-UTME Controversy: UNILAG refutes system glitch claims in 2025/2026 screening exercise 

Follow us on social media:

Recent News

Commercial papers

Businesses pivot to commercial papers as overdrafts become expensive 

September 11, 2025
International Breweries Plc delivers robust revenue growth and operational momentum at 48th Annual General Meeting 

International Breweries Plc delivers robust revenue growth and operational momentum at 48th Annual General Meeting 

September 11, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics