Osinbajo Breaks Ground for Bonny-Bodo Road, Confirms He Approved NNPC Contracts

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Nigeria’s Vice President Yemi Osinbajo on Thursday performed the ground-breaking ceremony for construction of the Bonny-Bodo road in Rivers state.

The road, when completed will become the first road linking Bonny Island, location of the Nigerian Liquefied Natural Gas (NLNG) company with other parts of the state.

Media Aide to the vice president, Laolu Akande described the road as a multi-billion naira road which reflects the commitment of the present federal government’s commitment to a new vision for the Niger Delta.

While on Bonny Island, the vice president inspected facilities at the NLNG which is jointly owned by different levels of government and private investors. Osinbajo also paid a courtesy visit on the traditional ruler of the community, the Amanayabo of Grand Bonny Kingdom, King Asimini William.

The Amanayabo had in his address to the visiting vice president stressed the importance of the road to the people while Prof Osinbajo retorted that the road was also important to Nigeria and building it was reflective of a new vision for the Niger Delta.

Meanwhile, the vice president earlier today confirmed claims said to have been made by the Nigerian National Petroleum Corporation (NNPC) that certain contracts which needed presidential approval were signed by the vice president.

The vice-president’s spokesman in a series of posts on Twitter said Osinbajo approved the recommendations on the NNPC joint venture financing agreements when he served as acting president in President Muhammadu Buhari’s absence.

Akande added that the approvals were granted after carrying out due diligence and complying with laid down procedures. He also explained that the approvals were necessary to clear the backlog of debts under the joint venture agreements which were inherited from the previous administration led by Dr Goodluck Jonathan.

A memo, written by the minister of state for petroleum resources, Dr Ibe Kachikwu to President Muhammadu Buhari in which he alleged that the NNPC had failed to follow due process in the award of contracts, had recently stirred up a controversy in the sector. Akande’s clarifications may have answered some of the questions about approvals as far as the joint venture cash calls are concerned but arguments subsist around other contracts awarded by the NNPC.

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