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    MarketForces Africa » MarketForces News » 2nd Niger Bridge: FG Saves N300bn From New Design

    2nd Niger Bridge: FG Saves N300bn From New Design

    Julius AlagbeBy Julius AlagbeMarch 25, 2024 News No Comments2 Mins Read
    2nd Niger Bridge: FG Saves N300bn From New Design
    Dave Umahi
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    2nd Niger Bridge: FG Saves N300bn From New Design

    The Minister of Works, David Umahi, has said that the new design of the Ontisha axis of the second Niger bridge has saved the nation up to N300 billion.

    Umahi disclosed this in Asaba, Delta when he led the management of the ministry on inspection tour of the   bypass to the bridge down to Onitsha.

    A statement on the tour issued by Mr Orji  Orji, the  minister’s Special Adviser on Media was made available to newsmen on Monday in Abuja.

    According to Orji, the minister said: “We saw that the design was defective and we agreed on a new kind of design.

    “That was how we saved the country over N300 billion by that singular movement to that location.

    Orjis said other projects sites visited by the minister included the upgrading of the 15km section of the East-West road section III, Port Harcourt – Eleme Junction to Onne Junction in Rivers, being handled  by RCC.

    He said the minister also inspected the Enugu- Port Harcourt expressway section 3 under rehabilitation, the Enugu- Lokpanta being handled by CGC and the rehabilitation work at the collapsed bridge site at the New Artisan Bridge, near in Enugu state.

    He said the minister expressed satisfaction with the jobs being done and charged contractors to step up their pace to cover a milestone ahead of the rainy season.

    Orji said the minister disclosed that the federal government was upgrading the 15km road between Eleme flyover and Onne junction and starting with excavation to fill all the failed sections to make them stable.

    According to him, the minister expressed the federal government’s commitment to building enduring road infrastructure at lowest possible cost.

    He urged the contractors to always consider the sufferings of the road users as they set up their work plans.

    Umahi also urged them to ensure that the roads under construction were made passable  for commuters during  the rainy season. #2nd Niger Bridge: FG Saves N300bn From New Design

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    Dave Umahi
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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