- * Set To Fine-tune Processes And Documentations With Finance Ministry On The Project
By Celestine Okafor (Editor-in-Chief)
Nigeria's Minister of Works, Engr. David Umahi, has finalized discussions with investors from the Netherland to attract a grant of 25 million Euros for the construction of priority bridges in Nigeria.
This is in keeping with the initiative to think outside the box in rejiging the nation's economy through the Renewed Hope Agenda of the administration of the President Bola Ahmed Tinubu.
This was disclosed after a meeting of the Honourable Minister of Works with a team of investors from the Netherland led by the Nigerian Ambassador to Netherland, His Excellency Oluremi Oliyide. The Minister assured the team of the positive disposition of the Federal Government towards accessing international interventions from donor agencies and other development partners to address the infrastructural deficits inhibiting economic development in Nigeria.
Umahi said that an increase in partnerships and collaborations was necessary to support the funding of the critical sector of the economy for the promotion of robust and equitable economic growth. He assured the investors that once due diligence was carried out, he would present the proposal to President for approval.
Umahi said: "We have a number of projects that we can do together. But I think the best thing to do is to conclude this one, which is a grant, then get the process started, and at the point of agreement and project selection, we shal refer to Mr. President for his approval"
In his earlier remarks, the Nigerian Ambassador to Netherland said the team was in his office to discuss the offer of a grant of 25 million Euros by Janson Bridging International for investment in road infrastructure in Nigeria. According to him, "Janson Bridging is the largest modular bridge manufacturing and bridging company in continental Europe and the largest bridge rental company in the world. "
He promised to assist in fast-tracking the agreement implementation process on the side of the company as soon as all formalizations were concluded.
On his own part, a member of the team and an International Business Consultant, Eric Okunde, said the investors were ready with the proposal and that they were technically prepared to work with the Federal Ministry of Works in the mapping and design of the projects as well as the formulation of the template for the execution of the project. NNL.
