Julius Berger Rejigs Infrastructural Devt in Rivers

.Ring Road through Emohua, Tema, Abalama to Abonnema gets facelift

Infrastructure development across Rivers State is gaining momentum as key road and bridge projects move forward with pace, transforming access and mobility for communities.

From the ambitious Port Harcourt Ring Road to the Emohua-Abalama/Tema Junction Road and the Ahoada-Omoku-Ndoni Road, construction efforts are bringing new economic opportunities to the region.

At the centre of these projects is construction titan, Julius Berger Nigeria Plc, whose work continues to transform transport corridors, easing movement and opening up business potentials for residents.

The 15.24 km dualisation of the Emohua-Abalama/Tema Junction Road, located just outside the state capital, Port Harcourt, is already showing signs of progress. Phase 1 has been completed, while Phase 2 commenced in November 2024 despite the well-known security challenges in the area. The project, which includes drainage works and solar-powered street lighting, is expected to improve travel times and safety for road users, said Finn Drosdowski, the Project Manager recently.

Adding that work is also advancing on the Ahoada-Omoku-Ndoni Road Extension, which involves the dualisation of the 25.4km Ahoada-Omoku Road linking Ogbo Okudu Road Junction in Ahoada East to Omoku in Ogba/Egbema/Ndoni Local Government Area, the Manager said, the completion is nearing 75 per cent, with drainage systems being installed in township areas. Some residents, he further said, have been relocated as part of the project, with compensations processed for affected properties.

Julius Berger has also started the reconstruction of the Buguma-Abalama-Tema-Degema-Abonnema Road, a critical 19.6km route that connects several riverine communities.

The project, which includes drainage works and the rehabilitation of seven bridges, officially commenced in December 2024. Engineers on-site confirmed that pre-construction surveys have guided the decision to partially reuse milled road material as a sub-base to improve sustainability. In addition to local employment opportunities, the company is engaging community suppliers and ensuring that workforce training aligns with modern construction standards.

Amidst these projects, Julius Berger has stated that it remains committed to delivering the critical Ring Road Project on schedule. Awarded in 2023, the 50.15km dual carriageway is one of the most significant infrastructure developments in Rivers State, designed to connect six Local Government Areas: Port Harcourt, Obio Akpor, Ikwerre, Etche, Eleme, and Oyigbo. The project includes five flyovers and a river-crossing bridge, significantly improving intra-city movement.

At Ozuoba Flyover, workers have begun laying the connecting road to Rumumasi Flyover, while commercial activity continues around the area. Also, Rumumasi, traders and transport operators are adjusting to the ongoing construction work as traffic routes shift.

Further along, the roads linking Rumumasi to Aluu Flyover, as well as Aluu to Kala Flyover and Kala to Elelenwo Flyover, are close to completion. Near Kala Flyover, final drainage works are in progress.

Meanwhile, on the East-West Road axis, crews were seen installing U-shaped drainage channels and road dividers, marking the final steps in preparing the road for use. At the terminal point of the Ring Road project a flurry of construction activities was observed as Julius Berger workers busied with U-channels and median works.

Residents’ relocations and compensation have been part of the project process, with efforts made to address these requirements.

In line with its Corporate Social Responsibility (CSR) policies, Julius Berger has constructed and maintained temporary access roads while continuing to provide employment opportunities for locals. Additionally, the company’s Young Engineers Programme remains active, training future professionals.

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    US Tariffs: To Maintain Liquidity, CBN Injects Dollars into FX Market

    US Tariffs: To Maintain Liquidity, CBN Injects Dollars into FX Market

    *Says oil price slump by 12% threatens dollar inflows, external reserves

    Festus Akanbi and Nume Ekeghe

    The Central Bank of Nigeria (CBN) on Friday injected $197.71 million into the foreign exchange market to authorised dealers, in a renewed bid to ease pressure on the naira, and maintain market stability and liquidity, amid the global shocks arising from the falling oil prices and the new United States’ import tariffs.
    A statement signed by the apex bank’s Director of the Financial Markets Department, Omolara Omotunde Duke, said the CBN’s action followed noticeable movements in the FX market between April 3 and 4, 2025.

    She said the movements were being driven by broader economic shifts affecting several emerging and developing countries.

    Duke explained further that the intervention was in response to the impact of the ongoing tariff war on the crude oil price and the foreign exchange market.
    She said: “The Central Bank of Nigeria (CBN) has noted recent movements in the foreign exchange market between April 3 and 4, 2025, reflecting broader global macroeconomic shifts currently affecting several emerging markets and developing economies.

    “These developments were a result of the recent announcement of new import tariffs by the United States government on imports from several economies, which has triggered a period of adjustment across global markets,” the statement said.

    The statement noted that crude oil, Nigeria’s main revenue earner, has now dropped more than 12 per cent in recent days, trading at around $65.50 per barrel a development the apex bank said poses significant challenges for the country’s dollar inflows and external reserves.

    It is believed that the 12 per cent decline in crude oil prices is presenting new dynamics for oil-exporting countries such as Nigeria.

    She stated: “The Central Bank of Nigeria has noted recent movements in the foreign exchange market between April 3 and 4, 2025, reflecting broader global macroeconomic shifts currently affecting several Emerging Market and Developing Economies.

    “These developments were a result of the recent announcement of new import tariffs by the United States government on imports from several economies, which has triggered a period of adjustment across global markets.

    “In line with its commitment to ensuring adequate liquidity and supporting orderly market functioning, the CBN facilitated market activity on Friday, April 4, 2025, with the provision of US$197.71 million through sales to Authorised Dealers. This measured step aligns with the Bank’s broader objective of fostering a stable, transparent, and efficient foreign exchange market.”

    Despite the turbulence, the central bank insisted Nigeria’s FX framework remains resilient and capable of adapting to changing economic conditions.
    It also reminded banks and FX dealers to stick to the rules laid out in the Nigeria FX Market Code and to maintain high standards in their dealings with customers and other market players.

    It states: “The CBN continues to monitor global and domestic market conditions and remains confident in the resilience of Nigeria’s foreign exchange framework, which is designed to adjust appropriately to evolving fundamentals.

     “All Authorised Dealers are reminded to adhere strictly to the principles outlined in the Nigeria FX Market Code and to uphold the highest standards in their dealings with clients and market counterparties.”

    Nigeria’s official exchange rate had crashed to N1,600/$1 at the end of trading on April 4, 2025, as Trump-era tariffs continued to rattle global markets.

    Data from the CBN shows the naira closed at N1,600/$1, marking a 1.9 per cent depreciation compared to the N1,569/$1 recorded the previous day.

    This is also the weakest level the naira has reached since December 4, 2024, when it closed at N1,608/$1. The exchange rate has now weakened by 3.9 per cent in the first four days of April, after closing March at N1,537/$1.

    According to data from the CBN, the exchange rate closed at N1,600/$1 on Friday, April 4, marking a 1.9 per cent depreciation from the previous day.
    The intra-day highs and lows were reported as N1,625 and N1,519 to the dollar, respectively.

     The intra-day high of N1,625 is also one of the highest levels recorded this year, suggesting that traders priced the naira at significantly weaker levels.
    In contrast, the intra-day low of N1,519/$1 indicates that some traders still priced the naira stronger, possibly betting on short-term interventions.
    The NFEM rate, which represents the average exchange rate, closed at N1,567, also the weakest the naira has traded this year and since December 4, 2024.

    ​  

    *Says oil price slump by 12% threatens dollar inflows, external reserves Festus Akanbi and Nume Ekeghe The Central Bank of Nigeria (CBN) on Friday injected $197.71 million into the foreign

    Tension Grips Kano over Emir Sanusi’s Invitation by IG

    Tension Grips Kano over Emir Sanusi’s Invitation by IG

    *Monarch summoned to appear on Tuesday over incident during Sallah celebrations

    Ahmad Sorondinki in Kano

    Tension has gripped Kano following a formal invitation by the Inspector General of Police (IG), Kayode Egbetokun, requesting the 16th Emir of Kano, Muhammadu Sanusi II, to appear at the Force Intelligence Department (FID) headquarters in Abuja on Tuesday, April 8, 2025.

    There were speculations that the invitation might be in connection with an attack on his entourage during the Sallah celebrations.
    The state police command had arrested one Usman Sagiru in connection with the alleged killing of a vigilante member, Surajo Rabiu, in an attack on the entourage of Emir Sanusi II.

    Another vigilante member, Aminu Suleman, sustained injuries and was rushed to the Murtala Muhammed Specialists Hospital, Kano, for medical treatment.
    The state police command spokesman, SP Abdullahi Haruna, said the incident occurred while the local guards were protecting the entourage of Emir Sanusi II on their way from the Kofar Mata Eid prayer ground after observing the two rakat eid-el-fitr prayers.

    The invitation letter dated April 2, 2025, with reference number CR:3000/FID/FHQ/ABJ/VOL59/697, was signed by a Commissioner of Police (CP), Olajide Rufus Ibitoye on behalf of the Deputy Inspector-General of Police (DIG), Force Intelligence Department (FID), Abuja.

    The letter reads: “I have the directive of the Inspector-General of Police, through the Deputy Inspector-General of Police, Force Intelligence Department (FID), to invite you for an investigative meeting regarding an incident that occurred during the Sallah celebrations within your domain,” the letter stated.
    Meanwhile, the invitation has sparked tension in Kano City and the environs, with some residents describing it as an alleged move by the federal government to impose a state of emergency in the state.

    A resident of Dorayi quarters, who spoke on condition of anonymity, said: “We view this invitation as an affront to our traditional institution and as a move to harass and intimidate our Emir by the Police who failed woefully to provide security to us on Sallah day.”

    He urged President Bola Tinubu and the federal government not to allow the police to plunge Kano State into crisis.

    Another resident, who also craved anonymity, expressed concerns over the invitation, which he said could set the state ablaze and cause a state of emergency.
    “What happened on Sallah day was never in any way a Durbar but rather a movement of the Emir from his palace to Mosque, which is normal for him to ride a horse, and not to trek anyway.”

    He cautioned against breaching the peace of Kano, insisting that, “inviting Emir Muhammadu Sanusi II, because of flimsy excuses is a violation of his fundamental human rights, and would be resisted by the residents of the city.”

    ​  

    *Monarch summoned to appear on Tuesday over incident during Sallah celebrations Ahmad Sorondinki in Kano Tension has gripped Kano following a formal invitation by the Inspector General of Police (IG),

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