The Nation Newspaper FG gives give or take condition to Julius Berger on Bodo-Bonny road
The Federal Government has set a deadline for Julius Berger Nigeria, the contractor in charge of the Bonny-Bodo Road project, to finish the project by the end of the year. According to the Ministry’s Permanent Secretary, Yakubu Kofarmata, when the N199.923b project was signed, it was scheduled for completion by December 2023 with a caveat that there would be no further variation.
The Minister explicitly stated to the Berger delegation that they should either accept the government’s response to their demands on the project and proceed with it, or voluntarily terminate the project themselves. “If Berger doesn’t accept our conditions, they can walk away. If other contractors are not accepting our conditions, they can walk away, nobody dictates for this country.The Minister noted that Berger got the issue wrong for failing to adhere to the project’s timetable.
He also turned down Berger’s demand that the Ministry approve preliminary additional sand quantities.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FX gains, investment income spur Julius Berger to N12.7bn profit in 2023Nigeria's independent online newspaper
Read more »
Julius Berger Nigeria Plc Reports Profit Increase in 2023Julius Berger Nigeria Plc managed to avoid a profit drop and achieved a net profit of N12.7 billion in 2023, thanks to significant foreign exchange gains and increased investment income. Despite operating pressure and stagnant turnover growth, the company's after-tax profit rose by 61 percent, driven by a net FX gain of N11.6 billion and a six-fold increase in investment income.
Read more »
NGX sanctions Julius Berger over ‘inappropriate insider dealing’The Nation Newspaper NGX sanctions Julius Berger over 'inappropriate insider dealing'
Read more »
Why Peter Obi dumped Julius Abure – Labour Party chieftainA Trusted Nigerian Newspaper
Read more »
Fayemi, the scholar-politician, who wants to change Africa, By Julius OgunroPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
BOT takes over Labour Party affairs as Abure’s tenure ‘expires’Following the expiration of the tenure of chairman Julius Abure, the BOT has stepped in to steer the affairs of the Labour Party.
Read more »