In a surprising turn of events, it has been revealed that FG, not Tinubu via NNPCL, has awarded a contract for a 60km stretch of road from Benin to Lokoja under the NNPCL funding and infrastructure refreshment Investment Tax Credit Scheme to BUA Cement Ltd. This decision has raised eyebrows and sparked controversy within the infrastructure development sector.
The portion of the road awarded to BUA Cement Ltd. is set to be excised from the 284km road project that was initially awarded for N896bn back in 2012. This move has left many questioning the motives behind the decision to award the contract to BUA Cement Ltd, a company that is not traditionally associated with road construction projects.
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The news of this contract award has sent shockwaves through the industry, with many questioning the transparency and fairness of the selection process. Some have raised concerns about the potential conflict of interest, given Tinubu’s close ties to the project and the fact that BUA Cement Ltd. is not a well-known player in the infrastructure development sector.
As the details of this contract award continue to unfold, it is essential for stakeholders to closely monitor the progress of the project and ensure that all parties involved are held accountable for their actions. Transparency and accountability are crucial in ensuring that public projects are awarded fairly and that taxpayers’ money is being used effectively.
The decision to award this contract to BUA Cement Ltd. has also raised questions about the government’s commitment to promoting local content and supporting indigenous companies in the infrastructure development sector. With so much at stake, it is imperative that the government provides clarity on the selection process and justifies its decision to award the contract to BUA Cement Ltd.
In light of this breaking news, it is crucial for stakeholders to come together and demand transparency and accountability from the authorities. The public has a right to know how their tax money is being spent and whether the government is acting in the best interests of the people.
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Moving forward, it is essential for the government to adopt a more transparent and competitive bidding process for public projects to ensure that contracts are awarded based on merit and not on political connections or personal interests. The infrastructure development sector plays a vital role in driving economic growth and creating jobs, and it is imperative that projects are awarded to companies with the expertise and track record to deliver quality results.
As this story continues to develop, it is essential for the media and the public to keep a close eye on the progress of the Benin-Lokoja road project and demand accountability from all parties involved. Only through transparency and oversight can we ensure that public projects are awarded fairly and that taxpayer money is used wisely.
In conclusion, the awarding of the contract for the Benin-Lokoja road project to BUA Cement Ltd. has raised serious questions about the transparency and fairness of the selection process. It is essential for stakeholders to demand accountability from the government and ensure that public projects are awarded based on merit and not on political connections. Transparency and oversight are key to ensuring that taxpayer money is being used effectively and that infrastructure projects are delivered to the highest standards..
Sad news: FG not Tinubu via NNPCL has awarded a contract for 60km Benin- Lokoja under NNPCL funding and infrastructure refreshment Investment Tax Credit Scheme to BUA Cement LTd.
2: The portion for BUA would be excised from the 284km road awarded for N896bn in 2012 for four…
— Woye (@woye1) March 22, 2024
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woye1 said Sad news: FG not Tinubu via NNPCL has awarded a contract for 60km Benin- Lokoja under NNPCL funding and infrastructure refreshment Investment Tax Credit Scheme to BUA Cement LTd.
2: The portion for BUA would be excised from the 284km road awarded for N896bn in 2012 for four…
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