Vice President Yemi Osinbajo, SAN, will on Thursday flag off the construction of the N120 billion Bonny-Bodo road project.
The 34-kilometre road project, linking Bonny Island to the mainland for the first time in history, is jointly funded by Nigeria LNG and the Federal Government.
When completed, the 34-kilometres road would connect several major communities in the Niger Delta region such as Bonny Island, Ogoni, Okrika, Eleme and Andoni. It would also boost socio-economic development and improve the lives of people in the Niger Delta region.
The road project is in line with the Federal Government’s Niger Delta New Vision to “develop a new and prosperous Niger Delta through the forthright partnerships between the Federal Government, State Governments, Private Sector and Local Communities.”
It will be recalled that the Federal Ministry of Power, Works and Housing, in September, had signed a tripartite agreement of N120 billion with Nigeria Liquefied Natural Gas, NLNG, and Julius Berger Plc. for the construction of Bonny-Bodo road.
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, at the tripartite agreement and contract signing in Abuja had noted that the project would revive and strengthen the nation’s economy.
Mr. Fashola further noted that the project was in line with the Buhari administration’s Economic Recovery and Growth Plan, of which infrastructure development is a major pillar.
He said, “The project portrays the commitment of the government to clean and build up as well as reposition the Niger Delta region recognising the private sector partnership in the country.”