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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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Lagos will complete Fourth Mainland Bridge in the next four years





By Favour Ajibade


The Lagos state government will start and complete the $2.5 billion Fourt Mainland Bridge within four years,  the Special Adviser on Works to the State Governor, Babajide Sanwo-Olu, Aramide Adeboye, has said. 

He said the project will start In the first quarter of 2023 and end in 2027.

Adeyeoye,who spoke at a joint press briefing organised by the Ministry of Works and Infrastructure and the Office of the Public-Private Partnership (OPPP) to announce the preferred bidder for the project,said that CCECC-CRCCIG Consortium won the bid for the project while MOTA-ENGIL emerged as the reserved bidder.

According to her, a total of 52 bidders initially indicated interest in the project out of which 32 were responsive.

Fifteen of the 32 bidders, he said, indicated further interest out of which six met the criteria and were later rediuced to three before the winner was eventually picked.

Aramide said that 800 structures would be affected by the construction of the 37km bridge, which starts from Abraham Adesanya, Ajah, in Eti-Osa Local Government Area and terminates on Lagos-Ibadan Expressway passing through Owutu/Isawo, Ikorodu and some parts of Ogun State territories.

She added that the bridge would have three toll plazas and nine interchanges, adding that the funding is a partnership between the state government and the construction company and would cost $2.5 billion.

She explained that the agreement is a 40-year plan for the concessionaire to operate and maintain the bridge, as well as recoup investments on the project.

According to Adeyeoye, “the planned Fourth Mainland Bridge would remove gridlocks on the Carter, Eko and the Third Mainland Bridges and open up the state for future developments.”

She urged Lagosians to have confidence in the administration of Governor Sanwo-Olu to deliver on its developmental promises.

Special Adviser to the Governor in the Office of Public Private Partnership (OPPP), Ope George, said that choosing the preferred bidder was a daunting task, adding:

“The bidding process took 1,129 days after it was opened in 2019 when the present administration came on board,” he said.

He stated that the bridge, when completed, would be one of the legacy projects of the Sanwo-Olu administration.

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