Second 9ja Bridge Former Works Minister Disgraces Debt Ridden Oshiomhole With Pictorial Evidence

Second 9ja Bridge Former Works Minister Disgraces Debt Ridden Oshiomhole With Pictorial Evidence

Posted by Sylvester on Monday, August 31, 2015 0

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A former Minister of Works, Mr. Mike Onolememen, has denied the allegation by the Edo State Governor, Adams Oshiomhole, that the Goodluck Jonathan-administration paid the sum of N140bn to consultants for the construction of the Second Niger Bridge. 

 
Onolememen, who made the denial in a statement signed by his media aide, Mr. Tony Ikpasaja, made available to our reporters on Thursday, accused the governor of misleading Nigerians with “wild and spurious” allegations.

The statement noted that the Second Niger Bridge was a Public Private Partnership project being executed on the Design, Build, Finance, Operate and Transfer model at the cost of N108bn and that only N10bn, out of the refundable N30bn funding from Federal Government, was paid through the Subsidy Reinvestment and Empowerment Programme.

The statement reads, “The Federal Government of Nigeria, guided by the Transaction Adviser, Roughton International, agreed to provide a refundable Catalytic Funding of N30bn. By May 2015, N10bn Catalytic Funding was paid from the Federal Ministry of Works’ SURE-P Budget to fast-track the early and sub-structural works of the bridge. This implies that the successful concessionaire, JB-NSIA Consortium, has responsibility for the design, finance and construction of the project, as well as its operation.

“The total project cost is N108bn (excluding duties and Value Added Tax) with a completion period of about 48 months. This cost was arrived at, after BPP’s (Bureau of Public Procurement) review of the concessionaire’s submitted cost of N138bn.”

“The bridge located at about 2km downstream the existing Niger Bridge in Onitsha, has recorded impressive progress. One wonders therefore, the intentions of Governor Adams Oshiomhole in deliberately misinforming Nigerians on the true status of the 2nd Niger Bridge.”