Fourth Mainland Bridge cost reviewed to $2.5bn – Newstrends
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Fourth Mainland Bridge cost reviewed to $2.5bn

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Construction of the proposed fourth mainland bridge will now cost $2.5 billion, Director-General, Office of Public Private Partnership (PPP) Ope George has said.

The government in September 2020 said the construction would cost $2.2 billion.

George addressed reporters as part of activities to mark the second year in office of Governor Babajide Sanwo-Olu.

The 38km bridge is expected to connect Lagos Island through Lekki, Langbasa and Baiyeku towns and across Lagos Lagoon to Itamaga in Ikorodu.

It is expected to be the longest bridge in Africa.

George said: “The preferred bidder, of the six bidders who tendered their bids, will be determined in October.

“The project will be funded under PPP and is presently undergoing technical processes to eliminate glitches.

“The state is at a critical point where glitches have been identified and are being addressed to finalise processes so the project can start.”

George stressed the state would continue to ensure a friendly environment for private sector engagement to thrive in partnership with the government to drive development.

According to him, some iconic projects funded under PPP arrangements are Ilubirin Estate, a public foreshore housing project being built on reclaimed land in Ikoyi Island at the foot of the third mainland bridge, facing the Lagos Lagoon waterfront.

George added: “Also on housing, are the development of luxury apartments at GRA Ikeja, to replace the Old Lagos secretariat with multipurpose apartments on 6,2894Sqm, FBT Coral Estate Limited, a PPP arrangement to reclaim 775,120Sqm of land for the proposed mixed use development; provision of cloud infrastructure and web portal for online gathering and registration of real estate agents and transaction — landlord technologies — to regulate the real estate sector.

“There is also the proposed ring road which is expected to provide alternative traffic resources from Lekki to Ikorodu, Ikeja to Ajah, relieving the third mainland bridge of its overstretched capacity. It is a four-lane carriageway, cross-sectional road with permission for Bus Rapid Transit, BRT lane and future road construction.”

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I’m alive, Obasanjo reacts to death rumour 

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I’m alive, Obasanjo reacts to death rumour 

 

Former President, Olusegun Obasanjo, has said he is alive, hale and hearty.

He stated this in reaction to rumours of his death being reportedly spread on some social media platforms.

He spoke in Osogbo, Osun State, during the inauguration of the Old-Garage/Oke-Fia Road reconstructed by Governor Ademola Adeleke.

Obasanjo said those who wanted him dead were spreading the rumour of his death on the social media.

He said, “I heard the rumour that I was dead. I saw it on the social media. I quickly told my children and my relations that it was not true and that I’m alive.

“Those that want me dead, that is their wish, but God still keeps me alive.”

Obasanjo praised Adeleke for his performance in Osun and charged the governor to keep up the work.

Governor Adeleke assured the people of the state that his administration would complete all the ongoing projects.

“My dear people of Osun State, our administration has constructed over 120 kilometres of roads across the state.

“Two major flyovers are also progressing to completion at Osogbo while work is progressing at the Ile Ife Flyover and Ilesa dualisation.”

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Tinubu jets out to France on three-day visit

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Tinubu jets out to France on three-day visit

 

President Bola Tinubu will travel to France today (Wednesday) for a three-day state visit at the instance of the French president.

A statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, confirmed this.

It said, “The Nigerian leader’s three-day visit, which will focus on strengthening political, economic, and cultural relations and establishing more opportunities for partnership, particularly in agriculture, security, education, health, youth engagement and employment, innovation, and energy transition, promises significant benefits for Nigeria.”

Onanuga said Tinubu and Macron would harmonise positions on stimulating more interest in exchange programmes that focus on skill development for youths and improving their competencies in automation, entrepreneurship, innovation, and leadership.

“Both leaders will participate in political and diplomatic meetings highlighting shared values on finance, solid minerals, trade and investments, and communication,” he added.

“They will also witness a session by the France-Nigeria Business Council, which oversees private sector participation in economic development.”

The presidential adviser stated that the Nigerian first lady and her French counterpart would discuss solutions for empowering women, children, and the most vulnerable through the Renewed Hope initiative.

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Yahaya Bello reports to EFCC office with lawyers

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Yahaya Bello reports to EFCC office with lawyers

 

A former Governor of Kogi State, Yahaya Bello, on Tuesday visited the Economic and Financial Crimes Commission (EFCC) to honour another invitation extended to him over alleged misappropriation of funds.

Bello went to the anti-graft office with his lawyers in the morning.

The ex-Kogi governor reportedly drove himself to the EFCC’s office in a black Toyota Hilux van with some lawyers.

He was said to have been taken by some operatives of the agency and are currently being grilled.

This is  coming after the Supreme Court judgment which dismissed a suit brought by some state governments challenging the constitutionality of the agency.

The EFCC at the last hearing on November 14, sought the adjournment till November 27 in the fresh case it instituted against Bello.

It stated that the 30-day window was still running for the summons earlier issued.

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