Monday 20 June 2016

So Infrastructural Spending seems to be the way to go... Nigeria on the right track...

Another week of  Infrastructure spending coming through.









It appears The  Office of the Minister for Works finally  has its wheels churning... The Loko-Oweto Bridge Project has begun again... Some much needed respite from long journey times and waste of agricultural produce for residents of the Nasarrawa, Benue and Abuja axis.

The Minister for Housing, Works and Power, Babatunde Fashola said when completed, the Loko-Oweto Bridge would boost socio-economic activities in Nasarawa State and Benue.

“You will see those who lost their jobs; they would come back to work. You would see increased merchandising and supply of building materials.

“When this project is completed, it would open up these communities; connect Nasarawa State and Benue; farmers would benefit from the movement and transportation of their farm produce.

“I am optimistic that we would get this project completed in 2018,’’ Fashola noted.

News Agency of Nigeria (NAN) reports that the Loko-Oweto Bridge contract was awarded to RCC Nig. Ltd. in November 2011 at N36. 1 billion with original completion date of Nov. 15, 2015.

The project was stalled in 2014 due to lack of funding and currently, at a revised contract sum of N51.6 billion, the project is scheduled for completion in 2018.(NAN)


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