Major road being constructed in Nigeria gets financial boost
A major road being constructed in Nigeria has received a major boost after Energy firm LNG Limited committed to provide 50% of the US$301.97m of the total amount required for the project.
The Bonny-Bodo Road, being overseen with the Niger Delta Development Commission (NDDC), has been a long-standing government project in the Niger Delta. The road is of economic significance to thousands of Nigerians, mainly from the Niger Delta region living on Bonny Island. Other Niger Delta residents will also benefit from the road project.
Financial contributions by the NLNG to the country and the Niger Delta have been significant. NLNG will continue to contribute to the development of the Niger Delta through its unique approach to corporate social responsibility in areas of human capital, Infrastructure development and enterprises.
Hundreds of young Nigerians from the Delta region benefited from the NLNG post-primary, undergraduate and overseas post graduate scholarships, and 250,000 residents on Bonny Island now have access to uninterrupted electricity supply, accessible roads and pipe borne water.
Meanwhile, Bonny Island houses NLNG’s Vocational Centre accredited by UK City and Guilds Institute, and provides technical and entrepreneurial skills training for hundreds of community beneficiaries. In 2013 a total sum of US$1bn was initiated by NLNG Vendor Finance Scheme, for local businesses to access low cost finance and encourage local content development and enable growth.