• About
  • Advertise
  • Contact
Sunday, June 1, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home National

FG approves N3bn Sukuk funds for Numan-Jalingo road project

Vital News by Vital News
May 7, 2022
in National
0
Share on FacebookShare on Twitter

By Martins Abochol

Taraba – Alhaji Muazu Sambo, Minister of State for Works
and Housing, says there is a provision of N3bn Sukuk fund
in 2022 by the Federal Government to finance the Numan- Jalingo Road in Adamawa and Taraba states.

Sambo announced this on Saturday during an inspection of federal road projects within Taraba and Adamawa states.

He gave the assurance that once the Sukuk fund was accessed within a shot time, there would be remarkable progress at the construction site.

“The 103-kilometre Numan- Jalingo road is part of the Maiduguri–Calabar Highway.

RelatedStories

Presidency Welcomes Moody’s Upgrade Of Nigeria’s Credit Rating

Nigeria Governors’ Forum Mourns Death Of 22 Kano Athletes

Nigeria To Host 2025 West Africa Economic Summit

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

“The section of the road that is not motorable is not acceptable for the road is the only connection between the North and South on the North Eastern axis of the country,” Sambo said.

The minister said that he wouldn’t blame the contractor
for the slow pace of work.

According to him, it was due
to the insufficient budgetary provision in the past and COVID-19 pandemic that affected the progress of work.

He, however, said that with the current improved funding provision, the contractor was expected to service its equipment and be more serious on the construction work.

He said if the company was found not to have the capacity to complete the job, government would not hesitate to terminate the contract and re-award it to a competent one.

While briefing the Minister on the progress of work on the Numan- Jalingo road, a Senior Civil Engineer at the site, Maria Zirrah representing the Federal Controller of Works Adamawa, said insecurity, lack of construction materials and funding were responsible for the slow pace
of work on the project.

Also, the Project Engineer of Deux Project Limited, the contractor for the Numan-Jalingo project, Frank Koshihuk who spoke on behalf of the contractor, said inflation, funding , insecurity were the major challenges on the construction work.

Koshihuk promised that as soon as the funding pattern for the rahabilation improved, the work would be completed within 8 months
NAN reports that the minister also inspected the ongoing construction of Zing –Yakoko-Monkin Road in Taraba during his two-day working visit.

The Numan-Jalingo road rehabilitation was awarded to Deux Project Nigeria Ltd at the cost of N11.6bn in March 2017 to be completed in July 2019.

NAN reports that the Federal Government has released N1.5bn to the contractor who has only executed seven per cent of the work. (NAN/vitalnews)

Tags: funds approvegovernmentroadSukuk
Previous Post

MAN disburses N3 million Zakat to 27 indigent Muslims

Next Post

Nigeria’s crude oil reserve increases to 37b barrels – NUPRC

Vital News

Vital News

RelatedStories

President Bola Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector
Economy

Presidency Welcomes Moody’s Upgrade Of Nigeria’s Credit Rating

June 1, 2025
Nigeria Governors’ Forum  Mourns Death Of 22 Kano Athletes
National

Nigeria Governors’ Forum Mourns Death Of 22 Kano Athletes

May 31, 2025
Tinubu, Dangote Refinery And Mele Kyari’s Sack
Business

Nigeria To Host 2025 West Africa Economic Summit

May 31, 2025
President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC
Economy

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

May 29, 2025
May 29 : Ododo Lauds President Tinubu’s Courage, Resilience, Inspiring Leadership
National

May 29 : Ododo Lauds President Tinubu’s Courage, Resilience, Inspiring Leadership

May 29, 2025
Next Post

Nigeria’s crude oil reserve increases to 37b barrels – NUPRC

Kogi approves release of N713 million for expansion, reticulation of Okene waterworks

Presidency : I am in the race to rescue, restore Nigeria's past glory - Udom

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Good marriages, bedrock of strong society, great nation – Activist

3 years ago

Disregard Report Of Measles Outbreak In Kogi – State Govt.

3 years ago
Gunmen Kill 6 Persons In Rivers Community

Bandits Kidnap Two Female University Students In Zamfara

2 years ago

2023: Youths inaugurate campaign council for Kogi Commissioner, Ohere

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death drugs Economy EFCC Election elections FG Fraud gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power rescue road Security Senate students Tinubu Women
No Result
View All Result

Highlights

NSF Tragedy : Abiodun Sends Delegation To Kano, Supports Victims’ Families With N31mln

Kwara Woman Battles Aggressive Breast Cancer, Appeals for N38 million Support For Treatment

Niger Flood Disaster : President Tinubu Orders NEMA, NEPC To Commence Operations

NSF : Abiodun Grieves Over Death Of 22 Kano Athletes

Nigeria Governors’ Forum Mourns Death Of 22 Kano Athletes

Gender Biases : Expert Calls For Recognition Of Achievements Of Women Engineers

Trending

President Bola Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector
Economy

Presidency Welcomes Moody’s Upgrade Of Nigeria’s Credit Rating

by Vital News
June 1, 2025
0

The Federal Government has welcomed Moody's Investors Service's latest upgrade of Nigeria's long-term foreign-currency issuer rating from...

Nigeria Governors’ Forum  Mourns Death Of 22 Kano Athletes

NOC Condoles Kano Government, Kano Sports Commission, NSC, Ogun Government Over Tragic Loss Of Kano Athletes

June 1, 2025
NSF Tragedy : Abiodun Sends Delegation To Kano, Supports Victims’ Families With N31mln

Niger Seeks Dangote Group’s Partnership To Unlock Crude Oil Potentials

June 1, 2025
NSF Tragedy : Abiodun Sends Delegation To Kano, Supports Victims’ Families With N31mln

NSF Tragedy : Abiodun Sends Delegation To Kano, Supports Victims’ Families With N31mln

June 1, 2025
Kwara Woman Battles Aggressive Breast Cancer, Appeals for N38 million Support For Treatment

Kwara Woman Battles Aggressive Breast Cancer, Appeals for N38 million Support For Treatment

May 31, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Presidency Welcomes Moody’s Upgrade Of Nigeria’s Credit Rating June 1, 2025
  • NOC Condoles Kano Government, Kano Sports Commission, NSC, Ogun Government Over Tragic Loss Of Kano Athletes June 1, 2025
  • Niger Seeks Dangote Group’s Partnership To Unlock Crude Oil Potentials June 1, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In