Nigerian Billionaire's Company Hands Over N336bn Bridge to FG After Completion

Nigerian Billionaire's Company Hands Over N336bn Bridge to FG After Completion

  • The federal government has received the Second Niger Bridge valued at N336 billion from Julius Berger
  • The project is a 1.6-kilometre bridge that runs from Anambra state through to Delta state
  • Filling stations, restaurants, supper markets, and other facilities are expected to follow the project journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.

The Second Niger Bridge, valued at N336 billion, has been officially handed over to the federal government.

The project was delivered by Julius Berger, the construction company partially owned by Nigerian billionaire Mike Adenuga.

Mike Adenuga
Nigeria's minister of Works highlighted how the initiative may significantly reduce the area's traffic congestion. Photo Credit: Mike Adenuga
Source: UGC

The 1.6-kilometer bridge that connects the states of Anambra and Delta was officially opened at a ceremony at the bridge's toll plaza, according to a Vanguard report.

Read also

Tony Elumelu’s UBA set to distribute $6 billion to farmers, drivers, others

The project is to be fully completed soon

Nigeria's Minister of Works, Dave Umahi, commended President Bola Ahmed Tinubu for his commitment to promoting road infrastructure through the completion of the Second Niger Bridge during the event held at the bridge's toll area.

Umahi highlighted how the initiative will reduce the area's traffic congestion.

He, however, said that lightning issues still need to be resolved. He noted that solar solutions will soon be deployed to save diesel costs.

He said:

“The roads are going to be completed when we have completed the two interchanges; one is taking us off from Asaba town to cut off the traffic, and the other one is going to be done by Reynolds Construction Company (RCC) Ltd to avoid Onitsha town and take you straight to Obosi."

Read also

Nigerian refineries attract investment from one of world’s largest oil field services companies

He noted that Tinubu is committed to the project and other service station projects like filling stations, restaurants, supper markets, and other facilities.

The minister also noted the provision of Closed-Circuit (CCTV) cameras and some security personnel to enable anyone to get security assistance within five minutes.

Lars Richter, the Managing Director of Julius Berger, said the event marks a technical handover after the former administration inaugurated the project.

He also credited the company for completing the project on time.

COVID-19, education, 3 other philanthropic causes of Nigerian billionaire Mike Adenuga earlier reported that Adenuga made numerous significant contributions to worthwhile causes, demonstrating a strong desire to improve other people's lives.

Adenuga overcame all the obstacles of growing up from a humble background and worked hard to build his multibillion-dollar empire.

He pledged to donate a sizeable fortune to charitable causes, even though his path to wealth creation was difficult.


Online view pixel