THREAD CLOSED

The ministry of works will handle it.

Tomorrow someone will complain about the 5% people when they show their displeasure for Buhari.

SexyKaycee:
The details of the proposed 2016 budget has just been released online and to every reasonable persons suprise the Much talked about 2nd Niger bridge was not provided for, not even a kobo . Meanwhile it's counterpart the Lagos_Ibadan express way got 50billion Naira. Remember that there were insinuations at the beginning f this administration that the President wanted to kill the project hence the attacks by the Governor of Edo state on the financing scheme for the project. It now seems these fears were afterall not unfounded.

Can you post a link where all roads to be taken care of are listed in the budget?

Source please.

The project will be completed in 48 months and aready Jonathan Government paid N18 billion out of N30 billion government counterpart funding.

Last month Fashola just committed to giving the project accelerated oversight to ensure completion as scheduled.

The Nigerian Sovereign Investment Authority (NSIA)- managers of the more than $2 billion Sovereign Wealth Fund (SWF)- has given a status report on the ongoing Second Niger Bridge project under a joint public, private partnership between the Nigerian Government and some private equity capital firms, including the NSIA.

According to the NSIA, the Nigerian government has so far disbursed N18.3 billion of her N30 billion commitment to the project, adding that the Fund too has so far spent $2.1 million on consultancy services. The information is contained in a status report on the project released by the NSIA in Abuja.

    The total cost of the project was estimated at N108 billion at conception but it has gone up to N117.9 billion due to the falling value of the Nigerian currency in relation to other world currencies.

    While reporting the progress status of the Second Niger Bridge, the Vice President, Infrastructure Investment and Special Advisor to the Managing Director and Chief Executive Officer of the Project, Mr. Obinna Ihedioha, said it was initially estimated to cost N108billion, excluding duties and VAT (if duties and VAT are included), regretting that the project cost is now N117.9billion.

    He gave reason for the increase in cost: “This was equivalent to $700million at the then prevailing exchange rate of N154/$. The final project cost would naturally be affected by exchange rate fluctuations and other variables.” The bridge will be constructed and operated on a Design, Build, Finance, Operate and Transfer (DBFOT) basis.

"Injustice anywhere is a threat to justice everywhere." - Martin Luther King, Jr.

#ThereIsGodooo

Titto93:
"Injustice anywhere is a threat to justice everywhere." - Martin Luther King, Jr.

#ThereIsGodooo

SMH

Which kind thread be this one now.

The kind one wey small pikin with free data dey open

Lanretoye:
Which kind thread be this one now.