Nation

FG’ll Complete 2nd Niger Bridge, Next Year -Fashola

Published

5 years ago

June 21, 2021

The Minister of Works and Housing, Mr Babatunde Fashola, has reaffirmed that construction of the Second Niger Bridge would be completed next year.
The minister gave the assurance at a forum in Abuja yesterday, to mark the sixth year anniversary of the present administration.
According to Fashola, the bridge, which will serve as a major link between South East and South West Nigeria will be delivered between the second and third quarters of 2022.
Records show that construction of the bridge commenced on Sept. 1, 2018 with construction cost put at N336 billion when the contract deal was signed.
The minister, however, made no mention if the construction cost of the facility had changed since the commencement of work.
He said that the project would facilitate influx of investments to the South East when completed.
Fashola said that the construction work had gone beyond the water level, explaining that most bridge works were done under water.
“So, what you see currently is the final work. The sub-structure which entailed building cement structures under water often costs a lot of money.
“We should finish the bridge next year between the second quarter and third quarter,’’ he affirmed, saying that construction time was lost because of COVID-19.
The bridge is 1.6km long and furnished with other ancillary infrastructure, including a 10.3km highway and an inter-change, expected to be completed next year.
The bridge spans from Asaba in Delta State to Ozubulu, Ogbaru and other communities in Anambra State.
The existing Niger Bridge, linking Onitsha and Asaba was completed in December, 1965.
It was built by the French construction giant, Dumez.

Nation

We’ll Partner Private Sector to Industrialize Rivers State – Fubara …Hints Revitalization of Ahoada, Trans Amadi Industrial layout

Published

5 hours ago

May 13, 2026

The Tide

Rivers State Governor , Sir Siminialayi Fubara says the industrialization of the state remains a key drive of his administration.

Speaking through Director General of the Rivers State Investment Promotion Agency, Dr. Chamberlain Peterside at the Shell Gas Limited and Manufacturers Association of Nigeria(MAN) Investors Forum held in Port Harcourt, Fubara stressed that public /private partnership is key to revive production in the state.

“We are ready to partner Shell Gas Limited to revive manufacturing in Rivers State at Ahoada Industrial Park, and the new Port City project, including the proposed Bonny Industrial Park which will grow industries along the Bonny corridor” he declared.

Part of the scheme, he further stated is to collaborate with Shell Gas Limited and the private sector to transform Rivers State into a major manufacturing hub in the South of Nigeria.

Commending Shell and MAN for leading the frontline, Sir. Fubara said,” the time to act is now and thank God Shell is taking the lead to prioritize gas.”

The governor opined that the gas sector provides huge investment opportunities to drive the state economy as the world is gradually shifting towards gas and other environment friendly energy, while urging stakeholders to evolve an actionable gas policy for the state.

Earlier in his remarks, Shell Gas Limited Head of Gas Distribution, Mr. Chukwuka Amos-Ejesi said it is high time the state utilized its huge gas resource.

“Today gas offers investors opportunities and raises the value chain as it boosts production for industry users,” Amos-Ejesi said.

The Shell Gas Distribution executive said the company seeks to support manufacturing by adopting a user friendly approach that allows manufacturers to grow profitably with affordable cheaper energy.

He explained that natural gas provides huge potentials and aligns with federal government policy of gas utilization.

Chairman of MAN Rivers and Bayelsa Branch, Elder Vincent Okugu described gas as the backbone of manufacturing.

He said the forum has become timely and key to address the pressing energy provision to boost production in the sector, as he lamented the high costs borne by manufacturers in sourcing energy alternatives.

In her remarks, Chairperson of the Port Harcourt Chamber of Commerce Industry Mines and Agriculture, Dr. Chinyere Ngozi Nwoga commended Shell for the forum which she described as a bridge to reduce gap of energy provision for manufacturers.

Ngozi Nwoga said the transition to natural gas has become imperative, stressing that pipeline gas offers cheaper and smooth energy provision for industries.

Former MAN chairperson for Rivers and Bayelsa States, Mrs Emilia Akpan was of the view that the quest to provide cheap energy should be driven with technical manpower, as she emphasized need for Rivers State to recreate its economy.

By Kevin Nengia

Nation

SheVentures Open Zero-interest Loan Applications for Women Entrepreneurs

Published

5 hours ago

May 13, 2026

The Tide

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to N10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from N500,000 to N5 million under a general category, and N5 million to N10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

Managing Director and Chief Executive of First City Monument Bank (FCMB), Yemisi Edun, said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively. Women-led enterprises are critical to economic activity, yet they face structural barriers.

“This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs”, Edun said.

Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB), Nnenna Jacob-Ogogo said access to affordable finance remains a major constraint for women entrepreneurs.

Nation

Akwa-Ibom Launches Mega 64 Seaters Ferry Boat June

Published

5 hours ago

May 13, 2026

The Tide

The Akwa Ibom State Government has confirmed that its 64-seat passenger and cargo ferry under construction at the Nigerian Navy Shipyard in Port Harcourt will be ready for delivery and test run before the end of June 2026.

The ferry project, initiated by Governor Umo Eno, is part of the state government’s drive to revive marine transportation and expand the blue economy through improved coastal transport infrastructure.

This was made known during the inspection visit to the Naval Shipyard in Port Harcourt by the State’s delivery adviser on the project, Mr. Orman Esin recently.

The project adviser said the vessel had reached about 80 per cent completion, expressing satisfaction with the pace of work and assurance from the Nigerian Navy.

Esin, accompanied by Akwa Ibom State Commissioner for Internal Security and Waterways, Major General Koko Essien (Rtd), and other government officials, described the project as a major milestone in the governor’s transportation development agenda.

The delegation said the visit formed part of efforts to ensure timely delivery and operational readiness of the vessel for deployment at the Oron Marine Terminal.

Conducting the team round the facility, Superintendent of the Naval Shipyard, Rear Admiral Ikenna Ubani, confirmed that adequate funding had been secured to accelerate the remaining phase of the project.

He expressed confidence that the ferry would be ready for test operations in June.

“All the major installations on the vessel have been fixed and only minor finishing touches are currently being carried out,” Ubani stated.

He added that the vessel would undergo final checks before sailing to Akwa Ibom State before the end of June.

Technical briefings during the inspection showed that critical components of the vessel had already been completed, including installation of zinc anodes, reinforcement of the car deck for vehicular loading, and correction of structural weldings.

Officials also disclosed that construction of the loading ramp, bridge control console, electrical wiring, navigation and communication systems, solar facilities, plumbing, and ventilation systems were progressing according to schedule.

The inspection team further reviewed plans for integrating the ferry operations with the Oron jetty infrastructure currently under development to ensure smooth deployment upon delivery.

The project also includes a manpower development component, with the state government training personnel to manage marine operations.

One of the beneficiaries of the marine training programme, Aniebiet Brendan from Ekpene Ukpa in Etinan Local Government Area, said he emerged among 20 successful candidates selected through the state’s Arise Portal after a competitive screening process involving about 200 applicants.

Brendan commended Governor Umo Eno for giving him the opportunity to pursue his ambition of becoming a marine engineer.

The ferry, which will operate from the Oron Marine Terminal, is designed to transport 64 passengers and seven vehicles, boosting commerce, tourism, and coastal connectivity within the state.

The state government also disclosed that a second ferry being constructed in Lagos by Hydromarine Boat Services Limited would soon be completed for deployment at the Oron Marine Terminal.

Enoch Epelle