Lagos-Ibadan expressway
The Federal Executive Council (FEC) has approved N1.535 trillion for the construction and rehabilitation of 11 roads across the country.
The road projects are under the Nigerian National Petroleum Company Limited (NNPCL) Tax Credit Scheme.
Minister of Works and Housing, Babatunde Fashola, said over 700 kilometres are involved under phase II of the NNPC tax credit scheme.
READ ALSO: FAAC shares N714.6bn to FG, states, LGs for March
According to him, the roads, which would soon be completed, would link 11 states including Edo, Delta, Kano, Kaduna, Borno and Adamawa.
Fashola said: “The Council gave approval for the construction and rehabilitation of 11 roads totalling 737.242 kilometres in the sum of N1,535,154, 247,234.48 under phase II of the NNPC tax credit scheme.
“Recall that in January this year, the council approved a memo for the NNPC to invest N1.9 trillion on our roads. That amount was then about 44 roads that had been awarded and the balance of those roads that had to go through procurement between then and now are the 11 that have now been approved by the council.”
Edo State Governor, Monday Okpebholo, has alleged that the recent surge in insecurity across the…
Nigeria’s public external debt is projected to increase to $72.6 billion by 2027, according to…
The Total Child Educational Foundation (TCEF) has hosted the 14th edition of its Annual Quiz…
The Nigerian stock market closed on a bullish note on Tuesday, June 9, 2026, recording…
Osun State Governor Ademola Adeleke and the All Progressives Congress (APC) on Tuesday traded accusations…
The Nigerian Communications Commission (NCC) has disclosed that mobile network operators have concluded plans to…
This website uses cookies.