Post Senate Committee hearing on Odukpani-Itu road delivery: Julius Berger commits to transparency and infrastructure development

Nigeria Plc remains steadfast in its mission to deliver transformative infrastructure projects that support Nigeria’s developmental priorities. For over 50 years, we have partnered with the Federal Government, State Governments, communities, and other stakeholders to deliver world-class solutions with professionalism, transparency, and the highest standards of excellence and sustainability.

At last Tuesday’s investigative session with the Senate Committee on Works, chaired by Senator Barinada Mpigi, Ph.D., our Managing Director, Dr Peer Lubasch, led a delegation of senior executives to provide a comprehensive update on the Odukpani – Itu – Ikot Ekpene Road project.

Key challenges were discussed, including delays caused by unresolved right-of-way issues, macroeconomic pressures such as inflation – considering unit costs were negotiated 8 years ago – foreign exchange volatility, and financial strain resulting from delayed contracting, approvals, and payments. Despite these obstacles, Julius Berger has consistently demonstrated its commitment by pre-financing works and advancing project execution to ensure progress on critical infrastructure projects.

According to the statement signed by Julius Berger’s Head, Corporate Communications, Mr. Emeiseifa James Agama, the company’s Managing Director, Dr. Lubasch urged the Senate leadership to address challenges in delivering national infrastructure, highlighting industry challenges that are not only unique to the project discussed nor to Julius Berger. He specifically asked to protect due process and adherence to contractual cooperation. Proactive Senate intervention may resolve the challenges and send a strong signal to investors and stakeholders.

“We extend our sincere gratitude to Senator Barinada Mpigi, Ph.D., for his leadership, and to the Senate President, Senator Godswill Akpabio, for his esteemed presence and thoughtful contributions to today’s session. Their commitment to addressing the challenges facing Nigeria’s infrastructure sector reflects the Senate’s dedication to the nation’s progress.

We also extend our gratitude to His Excellency, President Bola Ahmed Tinubu, GCFR, for his visionary leadership, his efforts in reforming the forex market, improving security, increasing the minimum wage, and ensuring critical infrastructural development, which serve as enablers for social and economic advancement. His Renewed Hope Agenda paves the way for a more inclusive and prosperous nation, particularly through the infrastructural development scheme, which is poised to stimulate not only the construction industry but also the broader economy”, the statement read.

“Julius Berger remains confident that through collaborative efforts, we can overcome these challenges and deliver infrastructure projects that drive economic growth and improve the lives of all Nigerians. We are proud to continue playing our role as a trusted partner in Nigeria’s development”, it added.