NEWS AGENCY OF NIGERIA

Wike directs contractor to complete road project in 7 months

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By Philip Yatai

Mr Nyesom Wike, the Minister of the Federal Capital Territory (FCT), has directed the contractor executing the construction of access road to Judges Quarters, CGC Nig. Ltd, to complete the project in seven months.

Wike gave the timeline during the official commencement of the construction of the access road from Nnamdi Azikiwe Expressway by N16, to Judges Quarters, in Katampe District, Abuja on Tuesday.

The project also involves the construction of internal roads within the Judges’ Quarters.

The minister explained that the seven months ultimatum was for the project to be ready for inauguration in May, to celebrate President Bola Tinubu second year in office.

He told the contractor that 70 per cent of the contract sum was already provided for in the budget.

“So, you have to work day and night to make sure that Mr President commissioned the project on his second year anniversary,” he said.

Beyond the city centre, the minister said that about 65-kilometre roads would be completed and inaugurated across the six area councils of the FCT.

This, he said, was contrary to the erroneous views that the FCT Administration was concentrating development at the city centre.

He added that several other projects would be initiated across some area councils in a few days.

On education, Wike said that no fewer than 25 schools have been pencilled down for total rehabilitation.

The FCT Minister of State, Dr Mariya Mahmoud, commended judges in the FCT, whose commitment to justice and integrity inspires the FCT Administration to embark on the project.

“We are honoured to enhance your working environment with this new access road to the Judges’ Quarters under construction, which was designed to enhance the functionality of the judicial system.

“We have taken an important step in supporting our judiciary and reinforcing our commitment to justice.

“Let us continue to work together to build a brighter future for our community,” she said.

Also, Mr Shehu Ahmad, Executive Secretary, Federal Capital Development Authority, said that the road, when completed, would open up Katampe District and other adjoining districts.

Ahmad explained that the project was a 2.7-kilometre six lane arterial road connecting Katampe with Shehu Shagari Way, with an interchange over the Nnamdi Azikiwe Expressway.

“Along with this is the provision of engineering infrastructure, embodying water supply, power supply as well as storm water drainage facilities.

“We intend to provide solar street lights to light up the entire stretch of the road,” he added.

The Speaker of the House of Representatives, Rep.Tajudeen Abbas, described the project as a significant stride towards strengthening urban infrastructure and enhancing the quality of life for the residents of Abuja.

Abbas, who was represented by the Deputy Speaker, Rep. Benjamin Kalu, said: “Infrastructure development is not just the foundation upon which economies are built; it is the lifeblood of national progress.

“In a rapidly urbanising world, infrastructure, particularly in urban centres like Abuja, is crucial to fostering sustainable development, enhancing economic growth, and improving the well-being of our citizens.

“The construction of roads, bridges, and other critical infrastructure facilitates the movement of people, goods, and services, which in turn spurs productivity, creates jobs, and improves the living standards of all Nigerians.”

He noted the country’s infrastructure deficit, estimated at about 3 trillion dollars, over the next 30 years to close the infrastructure gap and achieve the level of development required for sustained economic growth.

He identified road network, power supply, housing, healthcare, and education as key areas requiring urgent attention. (NAN)

Edited by Deji Abdulwahab

SPDC JV partners sign agreement for $3.5bn Brass fertiliser, petrochemical project

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By Emmanuella Anokam

The SPDC Joint Venture partners have signed a Gas Sales and Purchase Agreement (GSPA) for the $3.5 billion Brass Fertiliser and Petrochemical Company Limited (BFPCL) project.

The SPDC JV partners, comprising NNPC Ltd, Shell Petroleum Development Company (SPDC), TotalEnergies Ltd. and Eni would supply 270 million standard cubic feet of gas daily (270MMscfd), to develop the 3.5 billion dollar project in Bayelsa.

The 270MMscfd gas supply to BFPCL is the largest single GSPA to any domestic gas offtaker in Nigeria.

The signing of the agreement between the SPDC JV partners and BFPCL held on Friday in Abuja was supervised by the Minister of State Petroleum Resources (Gas), Mr Ekperikpe Ekpo.

Expo said it was expected that within the shortest possible time, the BFPCL and its partners would achieve Financial Close and commence actual construction of the methanol project.

He said the project would spur needed Foreign Direct Investment (FDI), and create thousands of jobs for the teeming population, while changing the fortunes of the host state and communities.

The minister urged all parties to operationalise the GSPA and realise the Brass Methanol Project to inspire more of such projects towards cementing Nigeria’s position as the Gas Processing Hub for Africa.

In his remarks, Amb. Nicholas Ella, Permanent Secretary in the ministry, said the project would generate more than 1.5 billion dollars annually from exports of fertilisers, petrochemicals and other gas-based products.

“This agreement represents a significant milestone in our ongoing efforts to monetise Nigeria’s vast gas reserves, which currently stand at over 209 trillion cubic feet (tcf).

“In addition to boosting exports, the project will reduce fertiliser imports by 30 per cent, saving Nigeria approximately 200 million dollars in foreign exchange annually,” he said.

Ella said it was projected to contribute around 600 million dollars annually to Nigeria’s Gross Domestic Product (GDP), with a broader economic impact of up to two billion dollars per year and growth in related industries.

“This initiative is closely aligned with Nigeria’s commitment to achieving zero routine flaring by 2030, and advancing the goals of the National Gas Policy by fully utilising our gas resources for sustainable development,” he said.

Gov. Douye Diri of Bayelsa, who expressed satisfaction with the project, said the state was open for investment and ready to ensure that youth were meaningfully engaged.

Represented by Ebieri Jones, Commissioner for Trade, Industry and Investment, Diri urged prospective investors to tap into its vast potential and peaceful business environment.

Also speaking, the Managing Director of the BFPCL, Dr Ben Okoye, emphasised the need to unlock Nigeria’s gas deposits promptly, citing the urgency to utilise gas before it becomes less relevant.

The NNPC Executive Vice President, Upstream, Mrs Oritsemeyiwa Eyesan, while commending the president on the executive order, an enabler for the success of the project, said the parties were aligned and ready to execute the project.

The partners also expressed readiness in implementing the project and thanked the minister for his pivotal role in breaking the impasse that delayed the signing of the agreement since 2015.

The event was attended by representatives of the partners including Mr Osagie Okunbor, Managing Director, SPDC; Mr Abiodun Afolabi, Executive Director, Strategy and Business, TotalEnergies; Mr Fabrizio Bolondi, Vice Chairman/Managing Director Eni and Mr Ed Ubong, Coordinating Director, Decade of Gas. (NAN)

Edited by Rabiu Sani-Ali

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