Sunday, July 27, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Why we spent N74bn on completion of N74 billion Wuye bridge

Simon Osuji by Simon Osuji
June 5, 2024
in Infrastructure
0
Why we spent N74bn on completion of N74 billion Wuye bridge
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


The Federal Capital Territory (FCT) Minister, Barrister Nyesom Wike, has revealed the reasons for the Federal Capital Territory Administration’s (FCTA) completion of the N74 billion Wuye bridge, a 15-year-old abandoned bridge

Wike praised President Bola Tinubu for completing the interchange, which was officially opened on Thursday in Abuja. He also mentioned that the project had been abandoned for many years, leaving inhabitants of the Wuye and Wuse areas with depressing traffic congestion.

According to the Minister, the removal of FCT from the Treasury Single Account (TSA) allowed for the completion of all the projects under his administration, which the President has now inaugurated

Wike said, “Anybody who is familiar with this terrain will definitely appreciate what you have done. This job was awarded in 2009, about 15 years thereabout at the cost of N34 billion Naira, but it was revised to N74 billion.

“So you can imagine for 15 years we were struggling just to construct one interchange.

“You can imagine the hardship the people here had to face. The business activities, of course, will crumble

“But to the Glory of God and with your determination, you have said that your mission is to bring back hope that has been lost. So people of this area will always appreciate you and thank you for this interchange”.

He added that “moving us out of TSA made these achievements possible. I sincerely thank you, Mr President, for this approval.”

There Have been consistent emphasis on the nationwide housing deficit by the Federal Ministry of Housing and Urban Development

The Federal government’s Renewed Hope Cities and Housing Programme is one of the most significant initiative that has been adopted to address this issue and boost economic growth.

On February 8 2024, the President of Nigeria, Bola Ahmed Tinubu, performed the groundbreaking ceremony of the pilot phase of his ambitious housing agenda,the Renewed Hope Cities and housing Development Programme in Karsana, a suburban in Abuja.



Source link

Related posts

The Unseen Environmental Impact Of AI

The Unseen Environmental Impact Of AI

July 25, 2025
Nature-Based Infrastructure to Improve Inland Water Quality Could Result in Net Benefits up to R257 Million For The City of Cape Town

Nature-Based Infrastructure to Improve Inland Water Quality Could Result in Net Benefits up to R257 Million For The City of Cape Town

July 25, 2025
Previous Post

Activity in Shibarium Drops 52%

Next Post

Predictive physics model helps robots grasp the unpredictable

Next Post
Predictive physics model helps robots grasp the unpredictable

Predictive physics model helps robots grasp the unpredictable

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Benin Grapples With Spread of Sahel Violence

Benin Grapples With Spread of Sahel Violence

11 months ago
Is Saudi Arabia funding Chelsea?

Is Saudi Arabia funding Chelsea?

2 years ago
Top 10 African countries with the fastest internet download speed in November 2024

Top 10 African countries with the fastest internet download speed in November 2024

9 months ago

Fiducia aims to propel Nigeria’s supply chain finance ecosystem to new heights of growth

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.