Thursday, September 21, 2023
No Result
View All Result
SUBSCRIBE
eNaira Online News
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
eNaira Online News
No Result
View All Result

House Ad Hoc Committee examines Julius Berger projects for PIDF Compliance

by e-Naira Online News
September 13, 2023
in Real estate
Reading Time: 3 mins read
A A
0
Home Real estate
Share on FacebookShare on Twitter


An ad hoc committee, appointed by the House of Representatives, conducted a comprehensive inspection of two crucial infrastructure projects: the Lagos-Sagamu expressway and the Second Niger bridge.

The primary objective of this inspection was to assess whether the construction company involved had diligently adhered to the laws governing the establishment of the Presidential Infrastructure Development Fund (PIDF).

This initiative by the House of Representatives underscores its commitment to fostering accountability and oversight in the management of critical national infrastructure projects.

Prior to embarking on the on-site evaluation of these projects, Hon. Ademorin Kuye, the Chairman of the Committee, stated that the primary objective of their mission.

He explained that their core focus was to conduct a thorough investigation into a selection of critical infrastructural initiatives.

These projects, dispersed across the nation, were recipients of financial support from the Nigeria Sovereign Investment Authority (NSIA) through the utilization of the Presidential Infrastructure Development Fund (PIDF).

As the leader of the committee, Hon. Ademorin Kuye emphasized the importance of this inquiry, underlining the significant role these infrastructural ventures played in Nigeria’s overall development landscape.

Their mission aimed to ensure that the funds allocated from the NSIA and channelled through the PIDF were utilized effectively and in accordance with established guidelines.

  • “Nigerians ask for roads, they have a masterpiece of a good road connecting the country here. But we know that when you give them a road, they will begin to ask for the costs. And that is why we are embarking on this oversight duty to ensure that everyone complies with relevant laws establishing the Presidential Infrastructure Development Fund,” said Hon. Kuye while inspecting the Second Niger Bridge.
  • “The essence of our duty is to ensure that the funding by NSIA was judiciously spent. We are impressed so far. Very soon, work on this road will end and effective road use will begin,” Hon. Kuye said while inspecting the road.

More on Julius Berger Projects

Speaking on the significance of the projects handled by Julius Berger across the country, the lawmaker commended the company on their dedication to delivering quality service in infrastructural developments across the nation, despite ostensible challenges associated with the projects.

He said,

  • “What you have done is commendable, very commendable, but we have to explain to Nigerians the process that birthed this wonderful edifice, including the challenges of that process.
  • We are impressed by what we saw at the Lagos-Shagamu Expressway and also at the Second River Niger Bridge.”

In addition, while inspecting the Lagos-Sagamu Expressway, the team underscored the notable expertise of Julius Berger for the effective construction of the ever-busy highway with the chairman declaring that

  • “…we all know the importance of this road towards the overall economic development of the country. Nobody can doubt that Julius Berger has done a great job here. The good engineering works of the project speak eloquently of top quality and durability. The company has done well.”

Upon the conclusion of their investigative inspection of the project, the Chairman of the House Ad hoc Committee, accompanied by fellow committee members, conveyed their collective satisfaction with the progress achieved by Julius Berger thus far.

In an encouraging gesture, he extended a call for harmony and cooperation to the communities situated along the project corridor, emphasizing the importance of a peaceful coexistence with Julius Berger.

On the Committee’s team were Hon. Ademorin Kuye, Timiehin Adelegbe, Hon. Isa Muhammed Anka, Hon. Umar Yabo, Hon Festus Akingbaso and Hon. Nasiru Isika.

The Nigeria Sovereign Investment Authority (NSIA) was represented by Mr. Kola Owodunmi, Dr. Adepoju Anthony and Nduka Okoronkwo while the Project Manager, Engr. Clemens Mueller of Julius Berger led other officials of the company to receive the House adhoc Committee Chairman and members at the site of the Second Niger Bridge.


Download Nairametrics App for breaking news and market intelligence.
   



Source link

Tags: BergerCommitteeComplianceexaminesHocHouseJuliusPIDFProjects
Previous Post

Germany to scale up Lagos waste value chain | The Guardian Nigeria News

Next Post

2023 MTV VMAs: Complete list of winners

Related Posts

Lekki Mall, 3 others up for sale in Novare’s surprise move
Real estate

Lekki Mall, 3 others up for sale in Novare’s surprise move

by e-Naira Online News
September 20, 2023
N7 trillion required for South-East road reconstruction – Umahi 
Real estate

N7 trillion required for South-East road reconstruction – Umahi 

by e-Naira Online News
September 20, 2023
Industry operator urges prevention of leakages, cracks in buildings
Real estate

Industry operator urges prevention of leakages, cracks in buildings

by e-Naira Online News
September 19, 2023
What does the emergence of co-living mean for Lagos’ property market
Real estate

What does the emergence of co-living mean for Lagos’ property market

by e-Naira Online News
September 18, 2023
FG to terminate N6 trillion abandoned road projects
Real estate

FG to terminate N6 trillion abandoned road projects

by e-Naira Online News
September 17, 2023
Next Post
2023 MTV VMAs: Complete list of winners

2023 MTV VMAs: Complete list of winners

Meteoric rise of trillion-naira stocks fuels NGX’s record growth in 2023

Meteoric rise of trillion-naira stocks fuels NGX's record growth in 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Edo govt’s pact with developers promises 454 houses in Benin, Ekpoma

Edo govt’s pact with developers promises 454 houses in Benin, Ekpoma

September 11, 2023
FG to terminate N6 trillion abandoned road projects

FG to terminate N6 trillion abandoned road projects

September 17, 2023
Tinubu nominates Jamila Bio Ibrahim as Minister of Youth

Tinubu nominates Jamila Bio Ibrahim as Minister of Youth

September 17, 2023
CBN Starts Online License Application, Approval For MfBs

CBN Starts Online License Application, Approval For MfBs

September 21, 2023
TCN calls for energy storage regulation — Business — The Guardian Nigeria News – Nigeria and World News

TCN calls for energy storage regulation — Business — The Guardian Nigeria News – Nigeria and World News

September 21, 2023
Oyo/Osun Customs generate N47bn in nine months

Oyo/Osun Customs generate N47bn in nine months

September 21, 2023
Sonala needs to get his facts right

Sonala needs to get his facts right

September 21, 2023
CBN creates online platform for MFB licence applications

CBN creates online platform for MFB licence applications

September 20, 2023
NNPP to appeal judgement, says lawyer

NNPP to appeal judgement, says lawyer

September 20, 2023
CBN unveils new platform to ease microfinance bank licence application

CBN unveils new platform to ease microfinance bank licence application

September 20, 2023
CBN unveils new online platform for MFB licensing 

CBN unveils new online platform for MFB licensing 

September 20, 2023

Get the free newsletter

eNaira Online News

Get the latest news and follow the coverage of eNaira, Business & Financial, Stock Market, Analysis, and more from the trusted sources.

CATEGORIES

  • Banking
  • Business
  • Capital Market
  • Companies
  • Crypto
  • eNaira
  • Finance
  • Opinion
  • Personal Finance
  • Real estate
  • Uncategorized
No Result
View All Result

GET THE FREE NEWSLETTER

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.