THE Managing Director of the National Inland Waterways Authority, (NIWA) Dr George Moghalu, the Managing Director has disclosed that the abandoned Lokoja Inland river port in Kogi State will cost federal government N4.112 billion when completed.

Work on the port has been dragging for the past eight years while that of Baro in Niger state has been completed and commissioner by President Muhammadu Buhari sometimes last year.

In an interactive session with journalists on Wednesday in Lokoja, Dr Moghalu said Federal Executive Council (FEC) had earlier in the year approved the Ministry of Transportation memo for N2 billion revised cost for the completion of the project.

The approval puts the total cost of the project at N6.4 from the reviewed N4.112 billion.

Moghalu noted that the federal government is committed to ensuring that the river port which is “critical to Nigeria’s Waterways operation”, is completed and operational.

He said despite the cessation of works on the main project due to some bottlenecks, the Authority has been on site extending the fetching and other works.

The project was first awarded to Messers Foby Engineering Ltd at the cost of N2.3 billion in 2007 and a mobilisation fee of N800 million was paid.

But due to alleged inability of the contractor to perform, the contract was revoked, revised and subsequently re-awarded in the second quarter of 2012 to another company, Inter-Bau Construction Ltd, at the cost of N4.112 billion.

The administration of former President Goodluck Jonathan, who re-awarded the contract on March 23, 2012, gave 57 weeks as the expected period for the completion of the project but work stalled in 2016 due to irreconcilable differences between the federal government and the construction firm.

Moghalu said with the approval of the revised cost, works on the project will be accelerated and completed in record time.

He mentioned that the Authority’s management has been interfacing with the contractor handling the project on the matter following the approval of the revised contract sum by the Federal Executive Council.

https://www.google.com/amp/s/tribuneonlineng.com/lokoja-river-port-to-cost-n4-112-billion-%25E2%2580%2595-niwa-md/amp/

To be completed in 2088

To be completed in 2099
nothing just dey move forward

Good one if it is completed soon. It will boost our economy and IGR too. A contract that should have been executed at 2 billion+ back in 2007 now requires 6.4 billion to be completed. Delaying projects doesn't really help our economy. This would be a plus for buhari's government if completed before 2023.Meanwhile, do you need a well designed Logo to present your brand to your customers? Check my signature for more.

a

Okay, that means 4.112billion multiply by five tenure equals to N20.56 billion, plus additional variations of N1.1b x 5 tenure. Everything will be N26.06 billion.. so that means approximately N30 billion for everything.

There's nothing millions accomplish anymore in this country. Everything's in Billions

The project was first awarded to Messers Foby Engineering Ltd at the cost of N2.3 billion in 2007 and a mobilisation fee of N800 million was paid.

The looting party even looted #800 MILLION NAIRA of mobilisation money with no SINGLE project done!

And the evil, looting and criminal party wasted over 2 BILLION just to defeat PMB in the presidential election back in 2015.

We will continue to hit the bitter truth on the empty brains of the enemies of the country.
The children of hate, frustration and perdition with very short memories like that of chickens


For all those that have forgotten how the money meant for ammunition for our soldiers was looted, here you have it....

Kindly joggle your memories with the following words on marble and you will agree with me that what happened recently on was nothing but gathering of rogues.
Happy reading:

1. I acted based on Jonathan's instruction - Dasuki

2. I didn't give order - Jonathan

3. I collected 350M from Dasuki for consultation - Iyorchia Ayu

4. I only collected $30,000 from Dasuki not N100m - Bode George

5. I got N4.6b from Dasuki for spiritual purposes - Bafarawa

6. I got N650M from Dasuki for my Abuja burnt office - Thisday Obaigbena.

7. I got N2.1b from Dasuki for publicity - Dokpesi

8. I got another N100m from Yuguda he didn't tell me from where - Bafarawa.

9. I gave N100m each to Odili, Jim Nwobodo Bode George and others - Yuguda

10. The president asked me to change N10B to foreign currency for PDP delegates - Dasuki

11. My boss asked me to get $11M from the CBN - Dasuki's account officer.

12. I got order from above to pay Tompolo N13B for Maritime university land. - Nimasa DG.

13. 950m was shared in my house -- Shekarau

With all this looting and many more revealed, some people are still shouting no sign of change yet, they even say it's political persecution.

But I believe, it is the right thing to do. 
There must be consequences for such crimes otherwise Nigeria will not develop.

WHERE ARE THE #WAILERS? 
"Over 20 billion dollars unremitted to the Federation account, and if nothing is done by 2015 upward, Nigeria will know what economic crisis is"
*~ Emir Sanusi Lamido Sanusi*

"Whoever wins 2015 will NEVER find it easy to govern. Over 30 trillion is mismanaged, unaccounted for or missing under Jonathan."
*~ Prof Charles Soludo*

"Our reserve is depleted and our savings are squandered. Our nation is in trouble."
*~ Dr Oby Ezekwesili.*

"For seven months, NNPC did not remit any money into federation account. When I called as a sitting governor and major oil producing state, Deziani Alison Madueke refused to pick my calls."
*~ Godswill Akpabio*

"I told them to save ahead of eventualities but Jonathan had no political will to do so and this is the reason why we are in crisis, because we squandered our boom."
*~ Okonjo Iweala*

"Okonjo-Iweala, Sanusi urged us to save but we state Governors refused to save for the unseen future during the tenure of Goodluck Jonathan, despite warning from economic experts."
*~ Peter Obi*

"Jonathan is a blessed ATM machine that doesn't have secret pin number"
*~ Bala Mohammed*

* Tompolo was paid 13Billion.!
* Ex-CDS,Alex Badeh dug a pit toilet to hide $32m.
* Patience Jonathan is claiming $31m, she has sued the Nigerian state.
* Femi Fani-Kayode took 740M.
* Dasuki used trucks to load over $35B from the CBN.
* Olisa Metuh took 400M.
* Aziboala, GEJ's cousin took 6B naira.
* Nenadi Usman took 3.5B naira.
* Fayose took 3B naira.
* Obanikoro took 4Billion naira.
* Olu Falae took 100M naira.
* Tony Anenih - 400M naira.
* Oritsejafor - $35M 
* Former Air Chief Amosu - 2Billion naira.
* Lucky Igbinedion-16B naira.
*Bode-George and Dabo -100B naira
* Jolly Nyame-2.4B naira.
* Joshua Dariye-700M naira.
*Nyesom Wike stole #4b.
* Diezzani with $20 billion missing oil money? 
15 billon dollars missing from arms fund, 10 billion naria, converted to dollars and given as gift to delegates of PDP Nation convention, Bafarawa collected 3 billion for spiritual purposes , 12. 7 billon naria for deceased NEPA staff grew wings and disappeared, 20 billion dollars missing from NNPC accounts, 23 billon naira as bribe to INEC staffs to rig the general election. The list is endless. They only left what they can't carry or unable to lay their hands on. The list continues.....
Recession didn't just happen, people looted Nigeria into RECESSION happening.
Thank God we are going out of it gradually for now and we know better days are ahead.

May all the thieving politicians that looted our darling nation treasury never end well in life , along with those that wanted them back in power to continues from where they stopped.
Annoying swines dem ..
Small thieves crying and hating the man who tool the key of the treasury from them.
Criminals that are not ready to work legitimately and make legit money, they have ben used to corrupt money..
Lazy Barawos everywhere.

PMB won't be the president by now if our country was going in the right direction in 2015, and you are castigating us for changing the looting and STEALING going on?
We never voted for our now darling Daddy prior 2015, Not at all!
Your hero even told us to our face that STEALING IS NOT CORRUPTION?!


We can never move forward in life if you don't look back to know where the problem came from.
If we don't focus on the past, we are then liable to make the same mistakes.
"Those who cannot learn from history are doomed to repeat it." (George Santayana) .

Nuff said!
We Rise!!

Make this our money finish make everybody go rest jare

Ok ohh,

It's called budget padding

60% of the budgeted fund for the project will be diverted to someone's

Hmmm

Another avenue for looting has being granted like Ajaokuta Steel company.

Embarking on senseless and meaningless adventure as usual.

Why not venture into human development!

This project was awarded since 2007 and 13yrs later, there's nothing to show for it. We love deceiving ourselves.

This man really tried in infrastructure, he never abandon the old projects... kudos for that. But he no try for others area....

Lol

The 4Billion will be shared well.

Nigeria this contract fit reach 50 years like this.na the matter we still dey settle.

Eno concern me pere

Plus 1.3 billion
Awon zinzu family

This is Nigeria for you. Please, MD what about Onitsha River Port.

audio project, they will tell us on social media and solve the maths there silently

Sai Baba

haters can go and die

Imagine the economic effect of Baro inland port, Lokoja port, Akwa Ibom Deep sea port, Onitsha river port and others


.

.

Fabulouzjoseph:
To be completed in 2099

nothing just dey move forward

Why 2099? When will all know it’s 3040

since the time of yaradua the contract to build this port was birthed yet till date the term of the contract and actual date of completion is not clear, even presidential directive was fruitless, ( I don't know whether sufficient funds accompanied the order) , but if is to steal public funds, this guys will be very much faster about it, let change the way we live and treat each other - 2pac shakur

Funny people,you did not see the one that was completed in baro under record time.

If you own a business and want to promote it...
I have over 5M active Nigeria phone numbers.


I can give it out for a token