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Return To Bodo-Bonny Road Project Site, FG Orders Julius Berger …Sets April 2024 New Deadline For Project’s Delivery

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The Minister of Works, Senator David Umahi, has ordered the contractor handling the 35-kilometer Bodo-Bonny road and bridge project in Rivers State, Julius Berger PLC, to return to the site and ensure its timely completion.
The minister emphasised the urgency and significance of the directive, noting that the project, initially awarded to Julius Berger Nigeria Plc by the previous administration at a revised cost of N199billion with a completion date of December 31, 2023, is crucial for economic transformation in the region, being approximately 84percent complete.
Umahi expressed bewilderment over the contractor’s absence from the site despite their commitment under the agreement to meet the revised completion date.
He set April 2024 as the new deadline for the project’s delivery.
Hosting a delegation from the Bodo–Bonny Road Peace Committee on Monday, December 5, 2023, Umahi assured the project’s host communities that the Federal Government, under President Asiwaju Bola Ahmed Tinubu’s Renewed Hope administration, is committed to ensuring the project’s swift completion.
As stated by his Chief Press Secretary (CPS), Uchenna Orji, the minister highlighted a partnership agreement in 2017 between the Federal Government through the Federal Ministry of Works and Nigeria LNG (NLNG) outlining the funding modalities for the project.
He faulted the contractor’s stance on project variations, highlighting that they had previously committed to completing the project without seeking additional variations, saying, “No equipment must be allowed to be moved out of site, they must complete that project as agreed and as signed and nothing has removed that responsibility which they willingly on their own signed.
“I implore you the Peace Committee to report to me the progress that has been made on that road.
“Bobo-Bonny project was augmented to 199billion, I am told by the Ministry and NLNG Limited that there was a document signed by Julius Berger that the project cannot be varied which means that the project cost cannot be increased, the project is about 35 kilometers”.
The minister, however, praised the host communities for maintaining peace with the contractor despite project delays while urging them to persist in their peaceful approach towards contractors working on projects in their vicinity.
He assured the delegation that the ministry would ensure the completion of the Bodo-Bonny road project by April 2024, saying, “Nobody will hold this country to ransom if they cannot do it, another person will come and do it and finish it even better but the only charge I give to you is not to allow any equipment out of sight until they complete the project”.
Umahi also assured that the Federal Government would manage a coastal road in the same region, facing even more significant site challenges, and the cost would be less than what the government is currently paying Julius Berger.
“I respect them for their quality and commitment, but we shouldn’t be taken for granted” “It is a character of arrogance for them to demobilize from site,” he added
Federal Director Bridges and Design, Engr. O. O. Awosanya, gave a brief history of the award and funding of the project by Julius Berger.
According to him, the initial date of completion of the project with 13 bridges was supposed to be December 31, 2023, saying, “We have three main bridges and we have nine mini bridges and one bridge over the pipeline.
“The project completion as of today is about 84percent and the contractor has requested for a review which is against the spirit of the propagated agreement that was signed between the Federal Government, the Nigerian Liquefied Natural Gas, and JB in 2021.”
Leader of the delegation and acting Chairman of the Peace Committee, Chief Charles John Jumbo, appreciated President Tinubu and the minister for the massive interventions and efforts they are bringing to the road sub-sector and changing the narrative of the road infrastructure in Nigeria.
He said the delegation was in the minister’s office to register their displeasure over the sudden demobilization from the site and abandonment of the Bodo-Bonny Road and Bridge project by Julius Berger Plc despite the huge funds committed by the Federal Government through NLNG.
Jumbo implored the timeouts intervention of Federal Government to avert the imminent hardship to be faced by the people of the area.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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