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.
Orji explained that already, a Presidential Infrastructure Development Fund to be managed by the NSIA had been set up for five critical road and power projects across the country.

He said the PIDF, with a seed funding of $650m, was targeted to catalyse funding for the Second Niger Bridge, Lagos-Ibadan expressway, East-West road, Abuja to Kano road, and Mambilla Hydroelectric Power.



He said the PIDF would eliminate the risks of project funding, cost variation and completion that have plagued the development of the nation’s critical infrastructure assets.

He said, “The Second Niger Bridge project was conceived to provide an alternative crossing between Asaba and Onitsha within reasonable distance from the current

“It is expected to spur an increase in investments, agriculture and trade particularly with the Onitsha Main Market in the region, due to the improved and quicker access.

“There are three phases of the second Niger bridge. The first one is the 11.9 kilometer bridge connecting Asaba and Onitsha. The entire work is a 44km project.

“The mobilisation for the project was released in August. We are confident that the funding is more stable now and we are looking at a completion date of 2022, it’s a big project.”

https://punchng.com/second-niger-bridge-to-be-completed-in-2022-as-fg-releases-n33bn-for-project/

Thought APC were already campaigning and releasing pictures about the soon to be commissioned second Niger Bridge.

By 2022, Nigerians will hear the commissioning date has been extended to 2050, just as has happened with the refineries, the rail lines, Ogoni clean up, and much more.

Nigerians must rise up and kick these con artists out of office.

APC.......

Comedians

They would soon come here to wail their hate and life frustration as if someone didn't vow to go to exile if he couldn't do it

Ghen ghen

Election election election
You go surprise say my unborn child will still experience the completion stage

Odiegwu

kahal29:
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.
Orji explained that already, a Presidential Infrastructure Development Fund to be managed by the NSIA had been set up for five critical road and power projects across the country.

He said the PIDF, with a seed funding of $650m, was targeted to catalyse funding for the Second Niger Bridge, Lagos-Ibadan expressway, East-West road, Abuja to Kano road, and Mambilla Hydroelectric Power.



He said the PIDF would eliminate the risks of project funding, cost variation and completion that have plagued the development of the nation’s critical infrastructure assets.

He said, “The Second Niger Bridge project was conceived to provide an alternative crossing between Asaba and Onitsha within reasonable distance from the current

“It is expected to spur an increase in investments, agriculture and trade particularly with the Onitsha Main Market in the region, due to the improved and quicker access.

“There are three phases of the second Niger bridge. The first one is the 11.9 kilometer bridge connecting Asaba and Onitsha. The entire work is a 44km project.

“The mobilisation for the project was released in August. We are confident that the funding is more stable now and we are looking at a completion date of 2022, it’s a big project.”

https://punchng.com/second-niger-bridge-to-be-completed-in-2022-as-fg-releases-n33bn-for-project/

GOD BLESS AND PROTECT BUHARI


SAI BUHARI..

www.nairaland.com/attachments/8257861_index3_jpeg7565e6fc237d9993e450bcbcecbbb90c

For 16yrs, PDP could only commission a drawings and got massive support from the SE.

But in 4 years, Buhari have awarded the contract, access road almost ready, pillars all read going up. President Buhari deserves the unwavering support of not just the SE but all of Nigeria to complete good work he is doing. Buhari has shown maturity and commitment in ensuring that Capital Projects are developed, even he is not the one that started it.

Come 2019, it it Buhari all the way!

Lol

The bridge’s contract was awarded by President Goodluck Ebele Jonathan during the second term of former Anambra State Governor Peter Obi.
Onolememen had then assured Nigerians that the project would be completed before the expiration of former President Goodluck Jonathan’s administration in 2015 as part of efforts to deliver on the campaign promises of that government.
But Jonathan lost in the election and immediately the contractor left the site.
The bridge is said to have been reflected in this 2016 Budget with hope that something tangible would be done to construct the bridge.
All the several efforts made by The AUTHORITY to speak with the management, including the Managing Director of Julius Berger Construction Company, Mr. Wolfgang Goetsch, on why work was stopped on the project, proved abortive.
Some stakeholders, however, claimed that the construction giant abandoned work immediately President Buhari took over the mantle of leadership about 10 months ago, following a presidential directive that work at the site should discontinue.
An employee of the firm (name withheld) who claimed he was recruited in April 2014 at the site of the bridge, admitted that Julius Berger had stopped work at the project site since June 2015 due to non-funding by the Federal Government.
According to him, the company only did soil texture and property evaluation before leaving the site with almost all their working equipment.
“So, if the Federal Government is ever serious about the project, let it release the money for work to start,” he said.
Comrade Casmir lzukanne, who lives close to the project site, said: “We don’t know why they stopped work and we are not happy or feel comfortable with the Federal Government, because this is the only bridge that links the South East to other parts of Nigeria and it’s economic importance to our country cannot be quantified.”

Elections things



Buhari is going back to daura

Scam

Guys dont fall for this scam oooo. Once they enter they won't do it. What about Ogoni clean up they released money for since the inception of this administration. Nothing visible yet

This is why I appear very stubborn before my colleagues and friends on my reasons to have pitched tents with mr President. The man and his government has continued to show what it means to make proper use of collective resources.

Even in 16 years of PDP we did not record this volume of infrastructural repair that we are achieving before 4 years. A situation where contracts awarded to known and established names who have integrity at stake. And those contracts are cash backed.

So there is no comparison, they can spend their money grandstanding, after which some will retire to their different homes while others will retire to kuje prison for all they did to this country.

vision 2022

13 billion would be used to do a make-shift job then 20 billion will be shared by the executives....

God bless Jubril from Sudan
God bless Ubima Lion Rotimi
God bless Afonja Fashola
God bless Nigerian
God heal ipob land

Future tense...language of the scammers.

Campaign gimmicks


In 2022 it will be shifted to 2032 or be tagged inconclusive

Fraudulent government who una dey deceive

www.nairaland.com/attachments/7596538_nigeriarunnerse1430758157539_jpeg75cbb15097065b3b2558f7294be93a9c

FroshD:
vision 2022

No way. Back to Daura. We have been deceived.

atiku all the way if you like release 99999999000000000 trillion

alsudan:
Thought APC were already campaigning and releasing pictures about the soon to be commissioned second Niger Bridge.

By 2022, Nigerians will hear the commissioning date has been extended to 2050, just as has happened with the refineries, the rail lines, Ogoni clean up, and much more.

Nigerians must rise up and kick these con artists out of office.

PDP completed it! Like they completed refineries

still, we wan, we wan. after 3.5yrs. no proof of anything to vote them for. just comedians

alsudan:
Thought APC were already campaigning and releasing pictures about the soon to be commissioned second Niger Bridge.

By 2022, Nigerians will hear the commissioning date has been extended to 2050, just as has happened with the refineries, the rail lines, Ogoni clean up, and much more.

Nigerians must rise up and kick these con artists out of office.

It's a pity how people post imaginary pics to deceive theirselves in the name of campaign

U will be surprised to note that after elections thus money may not even be released, if u remember sometime in 2016 Doyin Okupe raised alarm over this he said the plan on how to get this bridge completed has been stopped by this administration as their revoked d initial agreement between fg and Julius Berger which would has seen Julius Berger build this bridge manage before hand over to govt with fg having about 20% counter part funding them people raised unnecessary political sentiments but here we today at ground zero

PresidentAtiku:
APC.......

Comedians

Your pdp commissioned only a prototype of the structure after SIXTEEN YEARS and SIX YEARS of the ineffectual buffoon!

Shame on you.

LMAO

These scammers in APC will not cease to amaze me

2022 ko 2049 ni.


We all know NOTHING will be done.

alsudan:
Thought APC were already campaigning and releasing pictures about the soon to be commissioned second Niger Bridge.

By 2022, Nigerians will hear the commissioning date has been extended to 2050, just as has happened with the refineries, the rail lines, Ogoni clean up, and much more.

Nigerians must rise up and kick these con artists out of office.

There's no reference to those claims anymore. Now, the project was "awarded during the previous administration". Between that time and the "mobilisation in August" is another period of silence.

chukwuibuipob:
God bless Jubril from Sudan
God bless Ubima Lion Rotimi
God bless Afonja Fashola
God bless Nigerian
God heal ipob land

Jubrin on the beat