The Federal Executive Council has approved the sum of ₦309.9 billion for road contracts which will be handled by the Dangote Group.
The Minister of Works and Housing, Babatunde Fashola, told a media briefing after the council meeting on Wednesday that five road projects totaling 274.9 kilometers of federal road under the Federal Government Road Infrastructure Tax Credit Policy will be advanced by the Dangote industries as tax credit.
He explained that the move is also part of the government’s multiple funding options with the private sector.
The roads are located between Bama and Banke in Borno State, the Nnamdi Azikiwe road in Kaduna State and the Deep Sea Port access road, sections one and three in Lagos State through the Epe to Sagamu expressway.
Fashola disclosed that this is the largest single award of concrete roads undertaken by the Nigerian government.
The council equally approved the formalization of police special services unit operated through a private-public partnership and enabled tarriffs and billing schemes to tap revenues and block leakages.
Moses Bliss, popular Nigerian gospel singer, and his wife, Marie Wiseborn, have sparked pregnancy speculation following a viral video of their… Read More
Big Brother Naija reality star Somadina Anyama, often known as Soma, received an enthusiastic birthday surprise from fans who gave… Read More
A viral video captures the moment a pastor uses prayer to send a miraculous credit alert on a man's phone… Read More
Wofai Fada, an embattled Nollywood actress, has reiterated her love for Taiwo Cole amidst widespread public opinion and her father-in-law's… Read More
Nigerian dispatch rider went viral for scoring 366 in the JAMB exam after he was gifted a free JAMB form.… Read More
Amidst the rumours that the embattled actress, Wofai Fada, was born in the trenches, her alleged neighbour hints to her parents' considerable… Read More
This website uses cookies.