WORKS MINISTRY, JANSON BRIDGING INTERNATIONAL, NETHERLANDS FINALIZE €25-MILLION GRANT DISCUSSION ...... Grant Will Focus On Construction Of 28 Priority Bridges In Nigeria

Amb. Oluremi Oliyide, Nigeria's Ambassador to the Netherlands and Senator David Nweze Umahi, Honourable Minister of Works.

"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." David Umahi 

.... Assures the investors that once due diligence was carried out, he would present the proposal to Mr. President for approval." 

 

Nigeria's Minister of Works, Engr David Umahi, on Friday finalized discussions with investors from Netherland to attract a grant of 25 million Euros for the construction of priority bridges in Nigeria.

This was disclosed to journalists in Abuja, the nation's capital following a meeting between the Honourable Minister of Works abd a team of investors from Netherlands, led by the Nigerian Ambassador to Netherland, Mr Oluremi Oliyide.

This is in keeping with the initiative of President Bola Ahmed Tinubu's counsel of the need to think outside the box, in rejigging the nation's economy under the Renewed Hope Agenda.

Information available from the Office of the Special Adviser Media, to the Minister of Works reveals that, "The 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." 

The Minister, in a statement issued and signed by his Special Adviser on Media, Barr Orji Uchenna Orji, disclosed 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 Mr. President for approval." The statement read.

"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 shall refer to Mr. President for his approval." 

The statement further revealed.

In his remarks earlier, the Nigerian Ambassador to Netherlands, Mr. Oluremi Oliyide 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." Ambassador Oliyide said.

The statement also disclosed that one of the members of the team; an International Business Consultant, Eric Okunde, revealed that 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.