FEC approves N309 billion for road contracts in Lagos, Kaduna, others

The Federal Executive Council (FEC) has approved the construction of five roads in the country worth N309 billion.

The roads are located in Borno, Kaduna, Lagos and Ogun States.

The Minister of Works and Housing, Mr. Babatunde Fashola, disclosed this to newsmen after the meeting of the council in Abuja on Wednesday.

He said the roads, totalling 274.9 kilometres, would be constructed by Dangote Group of companies under the tax credit policy of the Nigerian government.

“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 kilometre; Dikwa to Gamboru Ngala (Borno), 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 Express Way, 54.24 kilometres, that links Lagos and Ogun States, and the Obele Ilaro-Shagamu Road, 100 kilometres in Ogun,’’ he said.

According to him, the council also 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.”