Home Roads Why we spent N74bn on completion of N74 billion Wuye bridge

Why we spent N74bn on completion of N74 billion Wuye bridge

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The Federal Capital Territory (FCT) Minister, Barrister Nyesom Wike, has revealed the reasons for the Federal Capital Territory Administration’s (FCTA) completion of the N74 billion Wuye bridge, a 15-year-old abandoned bridge

Wike praised President Bola Tinubu for completing the interchange, which was officially opened on Thursday in Abuja. He also mentioned that the project had been abandoned for many years, leaving inhabitants of the Wuye and Wuse areas with depressing traffic congestion.

According to the Minister, the removal of FCT from the Treasury Single Account (TSA) allowed for the completion of all the projects under his administration, which the President has now inaugurated

Wike said, “Anybody who is familiar with this terrain will definitely appreciate what you have done. This job was awarded in 2009, about 15 years thereabout at the cost of N34 billion Naira, but it was revised to N74 billion.

“So you can imagine for 15 years we were struggling just to construct one interchange.

“You can imagine the hardship the people here had to face. The business activities, of course, will crumble

“But to the Glory of God and with your determination, you have said that your mission is to bring back hope that has been lost. So people of this area will always appreciate you and thank you for this interchange”.

He added that “moving us out of TSA made these achievements possible. I sincerely thank you, Mr President, for this approval.”

There Have been consistent emphasis on the nationwide housing deficit by the Federal Ministry of Housing and Urban Development

The Federal government’s Renewed Hope Cities and Housing Programme is one of the most significant initiative that has been adopted to address this issue and boost economic growth.

On February 8 2024, the President of Nigeria, Bola Ahmed Tinubu, performed the groundbreaking ceremony of the pilot phase of his ambitious housing agenda,the Renewed Hope Cities and housing Development Programme in Karsana, a suburban in Abuja.

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