The Federal Executive Council has approved the construction of five roads worth N309 Billion in Borno, Kaduna, Lagos and Ogun States.
The Minister of Works and Housing, Babatunde Fashola revealed this to State House Correspondents at the end of this week’s meeting of the council, presided over by President Muhammadu Buhari.
He said the roads, totalling 274.9 kilometres, would be constructed by the Dangote Group of companies under the tax credit policy of the Nigerian government.
According to him: “The memo presented was for the construction and reconstruction of five road projects, as the case may be, in favour of Dangote Industries Limited totalling 274.9 kilometres of federal roads under the federal government’s roads infrastructure tax credit policy which is one of strategic partnership with the private sector.
“Those five roads will cost N309, 917, 717, 251.55 to be advanced by the Dangote Industries as tax credit. The roads specifically are Bama to Banki in Borno State, 49,153 kilometres, Dikwa to Gamboru Ngala, Borno State, 49.577 kilometres, Nnamdi Azikiwe Road popularly known as Western Bye-Pass in Kaduna State, 21.477 kilometres, the Deep Sea Port access road sections I and III in Lagos State through Epe to Shagamu ExpressWay, 54.24 kilometres, that links Lagos and Ogun States and the Obele Ilaro-Shagamu Road, 100 kilometres in Ogun State.
“Council considered and approved the memorandum, to facilitate the construction of the 274 kilometres of concrete road and this will be the largest single award of concrete roads ever undertaken by the government of Nigeria in one award.”
Fashola said the award is consistent with the government’s multiple funding options, adding that the tax credit policy was used to construct the Apapa Wharf and Oworonshoki-Apapa-Oshodi roads in Lagos State.
Wednesday’s cabinet meeting was preceded by the swearing-in of new Permanent Secretaries. Those sworn-in were Ibrahim Idris Yusuf representing Katsina State, Olusesan Adebiyi representing Ekiti state, Maryanne Ngozi Onwudiwe representing Enugu State, Marcus Olaniyi Ogunbiyi Lagos State and Ibrahim Abubakar Kana representing Nasarawa State.
PIAK
