Second Niger Bridge to be finished in 2022, as FG discharges N33bn for Project

An aggregate sum of N33bn has so far been discharged for the usage of the second Niger Bridge venture.

The Managing Director, Nigerian Sovereign Investment Authority, Mr. Uche Orji, gave the figure while talking not long after an examination of the project.

Uche Orji visited the site with the Obi of Onitsha, Nnaemeka Achebe, who was joined by a portion of his boss.

The project, which is being dealt with by Julius Berger Plc, was granted in 2014 by the organization of previous President Goodluck Jonathan.

The Second Niger Bridge project, which is evaluated to swallow about N220bn, has been encountering defers attributable to different difficulties which had influenced its opportune usage.

Talking on the advancement, Uche Orji communicated positive thinking that the project, which is evaluated to swallow about N220bn, would not encounter further postponement.

He said that private segment subsidizing for the undertaking was being wanted to be raised by 2020 through bond and value.

Orji clarified that as of now, a Presidential Infrastructure Development Fund to be overseen by the NSIA had been set up for five basic street and power extends the nation over.

He said the PIDF, with a seed financing of $650m, was focused to catalyze subsidizing for the Second Niger Bridge, Lagos-Ibadan freeway, East-West street, Abuja to Kano street, and Mambilla Hydroelectric Power.

The preparation for the task was discharged in August. We are certain that the subsidizing is more steady now and we are taking a gander at a fruition date of 2022, it's a major project.