VP Osinbajo Attends the Groundbreaking Ceremony of Bonny-Bodo Road Project on 12/10/2017

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Video Transcript

The Bonny-Bodo bridge and road project is a Public Private Partnership arrangement, in which the Federal Government and the Nigeria Liquefied Natural Gas Company Limited (NLNG) will each bear 50 per cent of the N120.6 billion that it will cost to complete the bridge. It is only the latest in a series of similarly transformational infrastructure partnerships ongoing across the country.

Government’s gratitude goes to the NLNG for their enthusiasm and their cooperation, for putting their money towards this landmark project. I hope that other companies and corporations will emulate them in this regard.

This administration is a firm believer in the power and potential of the private sector to deliver the infrastructure that Nigeria urgently requires. It is clear that government cannot, on its own, plug Nigeria’s intimidating infrastructure deficit – nor should it even try to. The Federal Government welcomes the private sector to take the lead, proceeding with the assurance that we will be there every step of the way as enablers and catalysts.

It is the Federal Government’s firm belief that the greatest proof that democracy works ought to be found in the tangible improvements that citizens experience in their lives and communities.

This road, during construction, will create jobs directly for engineers, artisans, and labourers, and indirectly for food vendors and suppliers, transporters, quarry operators and so many others in the construction value chain.

Upon completion, the project will permanently transform the lives of tens of thousands of Nigerian citizens in and around Bonny Island. It will alleviate the hardship faced by commuters along the Bonny-Bodo axis; facilitate the operations of the NLNG, and bring significant benefit to the lives of farmers, traders, schoolchildren and travellers.