The Federal Government of Nigeria has confirmed the receipt of €25 million grant from investors in Netherland for the construction of priority bridges in the country.
The Minister of Works, Engineer Nweze David Umahi who announced this after a meeting with a team of investors from Netherland led by the Nigerian Ambassador to Netherland, Oluremi Oliyide, in Abuja, at the weekend, said that an increase in partnerships and collaborations was necessary to support the funding of the critical sector of the economy for the promotion of robust and equitable economic growth.
He assured the investors that once due diligence was carried out he would present the proposal to the president for approval.
“We have a number of projects that we can do together. But I think the best thing to do is to conclude this one, which is a grant. Then, we can get the process started, and at the point of agreement and project selection, we shall refer to the president for his approval,” he said.
The minister assured the team of the positive disposition of the Federal Government towards accessing international interventions from donor agencies and other development partners to address the infrastructural deficits inhibiting economic development in Nigeria.
According to him, an increase in partnerships and collaborations was necessary to support the funding of the critical sector of the economy for the promotion of robust and equitable economic growth.
Earlier, the Nigerian Ambassador to Netherland said that the team came to discuss the offer of a grant of 25 million Euros by Janson Bridging International for investment in road infrastructure in Nigeria.
“Janson Bridging is the largest modular bridge manufacturing and bridging company in continental Europe and the largest bridge rental company in the world,” he said, promising to assist in fast-tracking the agreement implementation process on the side of the company as soon as all formalisations were concluded.
In a statement, a member of the team and an international business consultant, Eric Okunde, said the investors were ready with the proposal and that they were technically prepared to work with the Federal Ministry of Works in the mapping and designing of the projects as well as the formulation of the template for the execution of the project.