FG approves N1.53trn for 11 road projects

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.

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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.”

The Star