• About
  • Advertise
  • Careers
  • Contact Us
Friday, June 27, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Economy Finance

Federal Govt. Approves N15b for Road Linking Second Niger Bridge, €3.7m for Power

by Justice Godfrey Okamgba
March 16, 2023
in Finance
0
Second Niger Bridge
UBA
Advertisements

The Federal Executive Council (FEC) has approved N15 billion for the construction of an access road connecting the Benin-Asaba expressway to the Second Niger Bridge.

Lai Mohammed, Minister of Information and Culture, made the announcement while briefing State House correspondents on the outcome of the council’s meeting, which was presided over by President Muhammadu Buhari yesterday in Abuja.

The Minister expressed hope that the road’s completion would contribute to the bridge’s opening on May 29.

“The Minister of Works presented a memo seeking approval for the award of contract for the construction of an access road from the existing Benin-Asaba expressway to approach the link road to Second Niger Bridge in Delta State.

“As you are aware, the government is determined to inaugurate the Second Niger Bridge before the expiration of this administration.

“We can tell you that the bridge itself is substantially concluded, but the contract that was awarded today, although the work has started before now, is actually to connect the Asaba-Benin end to the new bridge.
“The contract was awarded to Julius Berge at a sum of N15 billion. They have started the work but they said it is only proper that they have a contract.

“We can assure you that the road will be finished in good time for us to inaugurate the Second Niger Bridge,” he said.
Mohammed also said the council has approved N16 billion as a variation for the dualisation of the Suleja-Minna road in Niger State.

Power Minister Abubakar Aliyu, who also addressed the correspondents, said the council approved €3.7 million as a contract variation for the Transition Company of Nigeria (TCN).

The minister said the amount was meant for the procurement of some equipment and to complete the construction of two sub-stations that would help boost the electricity supply in the country.

He said: “Today, I presented a memo on behalf of the Transition Company of Nigeria to the council and it approved the variation. “This was due to the escalation of prices for the supply of equipment and the construction of 132 33KV substations at Nnewi and 132 KV line bay extension at Onitsha, both in Anambra State.

“The approved amount for the variation is 3.7 million Euros plus N1.137 billion inclusive of 7.5 percent Value Added Tax, with a completion period of 18 months.”

 

Loading

Advertisements
MTN ADS

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: FECFinanceFunds
Justice Godfrey Okamgba

Justice Godfrey Okamgba

Next Post
ECSM of NCC on WCRD 2023 - TELCARE

Emerging Technologies like 5G Require More Infrastructures - NCC’s ECSM

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Ayeni Adekunle, the founder and CEO of BHM

FT names BHM among Fastest Growing Firms in Africa

1 year ago

Kasi Insight ‘State of the African Consumer’ Report Shows Concerns over Inflation

3 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

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

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.