By Ahmed Rahma
Oyo State Governor, Mr Seyi Makinde, has assured that his administration will complete the 32-kilometre-stretch Ibadan circular road before his tenure ends on May 28, 2023.
In a statement released on Wednesday in Ibadan, the capital of the state, by his Chief Press Secretary, Mr Taiwo Adisa, the Governor was quoted as giving the assurance during a tour of some road projects, on Tuesday evening.
Mr Makinde explained that the former company working on the project, ENL Consortium Construction Company, was sacked due to unsatisfactory slow pace of work and will be paid for part of the construction that has been worked on.
According to him, the contractor would be unable to deliver the road in another 20 years if allowed to continue at that pace.
Mr Makinde revealed that only two kilometres of the 32-kilometre road had been tarred as at the time he visited the site.
“We have an appreciation of what we need to do to ensure that this kicks-off almost immediately and then it can meet our target,” he said.
The governor explained that the road would be concession but that the government would be partly involved.
“This 32-kilometre portion must be delivered within this first tenure of this administration.
“We are still going to concession it because the previous administration left it 100 per cent to the concessionaire, which we thought was a mistake.
“We definitely will have some form of involvement of the Oyo state government with a new concessionaire.
“We will take a certain percentage for Oyo State Government and, that way, the government is carried along every step of the way.
The blockchain brings new financing options to the business market. For example, Bitcoin Cash casino has adapted to only using cryptocurrency. This way, it makes it easier for their customers to deposit and withdraw in a BCH casino. Entrepreneurs have taken note of this and are looking to invest more in crypto than in fiat markets.
Like Our Facebook Page
Latest News on Business Post
- Onne Customs Raises Revenue 69.4% to N38.9 billion in Q1 2021 April 22, 2021
- YouTube Launches Inaugural Africa Reading Challenge April 22, 2021
- Audiomack, MTN Develop Data Bundle for Music Streaming April 22, 2021
- FCTA to Reward High Impact Entrepreneurs April 22, 2021
- CSCS Assures Shareholders Sustainable Value, to Pay N1.17 Dividend April 22, 2021
- Fitbit Unveils Device to Track Users’ Fitness, Wellness April 22, 2021
- UK Expresses Willingness to Attract More Investments to Nigeria April 22, 2021
- How to Invest in Stocks in Nigeria: Guide for Beginners April 22, 2021
- Jumia Employee Taking Pleasure in Meeting e-Commerce Needs of Rural Dwellers April 22, 2021
- Over 4 million Investors’ Accounts Have Incomplete KYC Data—SEC April 22, 2021
Economy5 years ago
Kwara Disburses N1.7b For Projects
Technology4 months ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN
Economy3 years ago
FAAC: FG, States, LGs Share N655.18b in January
Feature/OPED1 year ago
Davos was Different this year
Feature/OPED1 month ago
COVID and the Growth of Technology in Nigeria
Economy1 month ago
MBA Forex Blames CBN for Inability to Return Investors’ Funds
General2 years ago
Ikeja Electric Explains How to Get Prepaid Metres via MAP
Banking3 years ago
Sort Codes of GTBank Branches in Nigeria