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FG invests N116.7 billion on Second Niger Bridge project | The Guardian Nigeria News - Nigeria and World NewsNigeria — The Guardian Nigeria News – Nigeria and World News


• NSE queries exclusion, quality standards
• Bridge has no local content, says Ositala
• Ohanaeze extolls FG, seeks early completion
The Federal Government has so far released a total of N116.72 billion for the much-politicised Second Niger Bridge, a project valued at N414 billion and expected to be delivered next year, The Guardian has learnt.
It was also gathered that the project was awarded as a “lump sum contract” without provision for cost variation. The Head of Corporate Communications, the Nigeria Sovereign Investment Authority (NSIA), the project fund manager, Titilope Olubiyi, told The Guardian, yesterday, that the Federal Government would fund part of the cost while the balance would be sourced from the debt market. He added that a management company would be established on completion as the project would be concessioned. ....

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BREAKING: Tears as prominent Nigerian monarch dies after illness (photo)


BREAKING: Tears as prominent Nigerian monarch dies after illness (photo)
Legit
25/12/2020
- The octogenarian died on Thursday, December 24, plunging his community into mourning
- He ascended the throne of his forefathers in 1990 years after voluntarily retiring from the Nigerian Army
The people of Igbajo, a community in Osun state, have been plunged into mourning following the death of Owa of Igbajo, Oba Olufemi Fashade.
According to The Punch, the octogenarian traditional ruler passed away after failing to recover from an illness on Thursday, December 24.
© Provided by Legit
BREAKING: Tears as prominent Nigerian monarch dies after illness (photo)
A retired soldier, Oba Fashade mounted the stool of his forefathers in 1990. ....

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