Loko-Oweto Bridge: Nigerian Govt applauded for Sukuk fund initiative

Mr Eyass Nassar, Loko-Oweto Bridge Project Manager, Reynolds Construction Company Limited, has applauded the Federal Government over Sukuk fund initiative.

Nassar gave the commendation in Loko, near Lafia during inspection of the ongoing Loko-Oweto bridge project by the media.

The inspection was led by Mr Theodore Ogaziechi the Director of Information, Federal Ministry of Power, Works and Housing.

The project manager said the contractor had huge unpaid certificates before the release of Sukuk fund but added that with the fund, the certificates were paid.

He said three of the bridges in the project had been completed with the release of the fund and called on the Federal Government to sustain the temple.

“Before the release of the Sukuk fund, we have a lot of unpaid certificates and this was a challenge because it was difficult for us to buy our materials.

“With the fund, we are fully on site and are able to import the materials needed to execute the project,” he said.

He pledged the committment of his company to complete the project in December as scheduled, if government sustains funding.

Nassar said his company had embarked on community development projects for the host communities, adding that over 800 youths had also been employed from the Communities.

In his remark, Mr Tony Onwubiko, the Ministry of Power, Works and Housing Supervisor, Loko-Oweto Project expressed satisfaction with the quality of work on the project.

He said the contractor had made remarkable progress with the release of fund by the Federal Government, adding that four bridges were involved in the project.

He said the project was 83 per cent completed with three of the bridges completed and opened to construction traffic.

He said the project was commenced in 2012 but was delayed because of poor funding and some design adjustment.