Julius Berger Nigeria Plc clarifies its position regarding the recent termination of the Abuja-Kaduna-Zaria-Kano (AKR) Highway project contract. The company highlights its commitment to delivering infrastructure solutions within agreed budgets and timelines, but emphasizes the significant impact of socio-economic challenges, including inflation and exchange rate fluctuations, on project costs. Julius Berger asserts its adherence to contractual obligations and its efforts to engage in constructive dialogue with the Federal Ministry of Works to resolve outstanding issues.
Recent statements attributed to the Honourable Minister of Works, Senator David Umahi, CON, during his visit to the Abuja-Kaduna-Zaria-Kano Highway project site, and a wave of media reports ongoing have raised concerns. While we recognise and respect the Honourable Minister’s commitment to Nigeria ’s infrastructure, it is imperative to clarify key facts regarding the AKR project and Julius Berger ’s performance.
Unilateral Contract Termination: The AKR contract termination was unilateral, and Julius Berger continues to seek an equitable resolution that upholds the principles of fairness and contractual compliance. Commitment to Dialogue and Facts: Julius Berger remains committed to constructive engagement with the Federal Ministry of Works to resolve outstanding issues amicably and in the spirit of collaboration.
Infrastructure AKR Highway Julius Berger Contract Termination Infrastructure Development Nigeria
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