ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Tuesday, October 13, 2026
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Economy And Business

BREAKING: FG Reopens Bidding For Lagos-Ibadan Expressway Phase II

Umahi announced that the project budget has been increased by N36 billion, raising the total cost from N54 billion to N90 billion. This adjustment approved just a few days ago, was deemed necessary due to a critical change in the project’s scope. 

by NewsOnline Nigeria
August 9, 2024
in Economy And Business, Headline
0
Lagos-Ibadan Expressway Phase II

FG has reopened bidding for Lagos-Ibadan Expressway Phase II.

 

NewsOnline Nigeria reports that the Federal Government has decided to reopen the bidding process for the Lagos-Ibadan Expressway Phase 2 project after rejecting Julius Berger Plc’s N258 billion proposal.  

 

This decision was announced in a statement on the Ministry of Works’ official website, following a meeting held on Wednesday between the Minister of Works, David Umahi, and representatives from Julius Berger Plc at the Ministry’s Headquarters in Mabushi, Abuja. 

 

ALSO: Seyi Makinde Counters President Tinubu On Giving N570 Billion To 36 States

 

The Ministry of Works, under Minister David Umahi, originally estimated the project cost at N153 billion after revising the plan from asphalt to concrete.

 

However, Despite negotiations since September 2023, an agreement could not be reached on the cost discrepancy.  

 

To ensure the project stays on budget and is completed efficiently, the government will invite new bids. The bidding process, which will include the Ministry’s estimate and Julius Berger’s proposal, is expected to be completed within the next month. 

 

Speaking on the Lagos-Ibadan Expressway Phase 2 project, Umahi said, “We changed the elements of the pavement from asphalt to concrete, and the total cost we came up with based on prevailing cost is N153 billion. 

“But they are offering N258 billion. Since we’ve been on this since September 2023, we have no choice but to determine this contract.  

“And then we ask BPP for No Objection for selective tendering, whereby we will be sending our own advice of N153 billion to BPP, and we send their own of N258 billion to BPP, and then we invite other contractors to also bid.  

“This we will conclude within the next one month so that we can get that job concluded.” 

 

The statement also provided an update on the Odukpani road project in Cross River State, where the Minister of Works, David Umahi, highlighted significant developments recently approved by the Federal Executive Council.  

 

Umahi announced that the project budget has been increased by N36 billion, raising the total cost from N54 billion to N90 billion. This adjustment approved just a few days ago, was deemed necessary due to a critical change in the project’s scope. 

 

The Minister explained that the pavement material for the Odukpani road will be switched from asphalt to concrete, a decision aimed at enhancing the road’s durability and longevity.  

With this change, the government expects the contractors to focus on completing one carriageway at a time, once the new terms are agreed upon. Minister Umahi emphasized that the government is eager to receive the contractor’s response to ensure the project’s timely and efficient completion.

Previous Post

BREAKING: Popular Nigerian Politician Is Dead, Cause of Death Revealed (PHOTOS)

Next Post

FG Allocates N20 Billion Monthly To Julius Berger For 82km Abuja-Kano Road Dualization

Next Post
82km Abuja-Kano Road Dualization

FG Allocates N20 Billion Monthly To Julius Berger For 82km Abuja-Kano Road Dualization

Trending Stories

Baltasar Engonga Wife Video Knacking Another Man

Watch Full Baltasar Engonga Wife Video Knacking Another Man [#BaltasarEngonga]

JAMB Past Questions

Download JAMB Past Questions & Answers PDF From 1983 Till Date [All Subjects]

Gloria Onosode

Stop Waiting to Feel Rich Before You Build Wealth By Gloria Onosode

Sex Tape

President 50-Year Old Daughter’s Sex Tape Breaks The Internet (WATCH HERE)

Ibrahim Buba Jagaba

AYDAN Applauds Sanwo-Olu Over Appointment of Ibrahim Buba Jagaba as Senior Special Adviser on Arewa Matters

Nigeria Common Entrance Past Questions

Nigeria Common Entrance Past Questions & Answers | 2011 Till Date

Ifunanya Lawyer Biography

Ifunanya Lawyer Biography, Photos, Nudes Videos, Age, Instagram, Controversy

How Mohbad Died

Mohbad Cause of Death and Obituary, What Happened to Nigerian Musician Mohbad? How Did Mohbad Die?

JAMB Past Questions

Download JAMB Past Questions & Answers In PDF [All Subjects Updated]

APC

BREAKING: APC Joins Coalition To Stop Tinubu’s 2027 Re-Election Bid

Latest Stories

Fake Presidential Agency DG,

Court Strikes Out Charges Against Alleged Fake Presidential Agency DG, Orders Fresh Arraignment

CJN Kekere-Ekun

CJN Kekere-Ekun Swears In 68 New Senior Advocates of Nigeria (FULL LIST)

Tinubu

2027: Tinubu to Kick Off Second Tenure Campaign Amid Hunger, Insecurity Across Nigeria

Gloria Onosode

Stop Waiting to Feel Rich Before You Build Wealth By Gloria Onosode

MTN Network Outage

MTN Network Outage Hits Lagos, Oyo, Rivers, Delta, FCT

Bamboo

Bamboo Alerts Users to Cybersecurity Incident at US Brokerage Partner DriveWealth

Fuel Price

Tinubu Government Pegs Fuel Price at N1,350 Per Litre Amid Rising Hardship

Spotify

Spotify Names Solana October’s EQUAL Africa Artist of the Month

New Google data

New Google data reveals Nigeria’s favorite coffee-related searches in 2026

Festus Edovia

They Give You Rice Today, Steal Your Future Tomorrow By Festus Edovia

NewsOnline 2026

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2026 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria