Inflation: Delta Government Reviews Cost of Ongoing Projects

Chief Press Secretary to Governor Ifeanyi Okowa, Mr. Olisa Ifeajika, briefing Journalists shortly after the State weekly EXCO meeting held in Government House on Tuesday. Photo Photo credit: Government House Press Unit

By Emeka Akataobi

The Delta State Government have announced the upward review of all ongoing projects in the state.

Chief Press Secretary (CPS) to Governor Ifeanyi Okowa Mr Olisa Ifeajika, disclosed this to journalists in Asaba the Delta State Capital at the end of the State Executive Council (EXCO) meeting that was presided by the state Governor Senator Dr Ifeanyi Okowa.

According to CPS, the review became necessary as a result of high cost of materials in the economy as well as additional works introduced on the projects adding that the council reached the decision to approve the upward review of the projects to ensure that all projects were completed as scheduled.

He outlined some of the projects saying that at Dennis Osadebay University, Asaba, the construction work at the Faculty of Agriculture got an upward review to the sum of N3.62 billion from the initial cost of N1.8 billion, largely due to additional works on the projects and high cost of materials.

Mr Ifejika added that the executive council ratified the variation of prices of the contract sum of the flyover at Koka junction, Asaba, on the Asaba-Benin Expressway to a new rate of N10.35 billion from N9.77 billion.

Also the flood Control Measures in Uwvie and Effurun, whose values were reviewed from the contract of N7.46billion to N8.4billion and from N7.24 billion to N9.06 billion, respectively.

The council also approved the upward review of the contract value for the construction of James Ezechi Street in Okpai in Ndokwa East Local Government Area from the cost of N662.07 million to N799.81 million.

He further stated that a review was also made in the Sector C2 of the Ughelli-Asaba dual carriageway, which went up to N13.56 billion from N12.47billion adding that an approval was given for the construction of a road linking Ibusa and Okpanam from Okpanam junction on the Asaba-Benin Highway to Asaba-Ibusa Road at the cost of N4.16 billion and directed that the contract should be awarded.”

He also said a fresh approval was given for the construction of internal roads in Kokori, Ethiope East Local Government Area at the cost of N569.02 million.