Photo: President Buhari
1 month to his exit, Buhari approves N1.535trn for roads
With barely one left for President Muhammadu Buhari to handover power to Nigeria’s new president, his government has approved a whooping sum of N1.535 trillion for road projects across the country.
This follows the approval by the Federal Executive Council of N1.535 trillion for the construction and rehabilitation of eleven roads across the country under the Nigerian National Petroleum Company Limited (NNPCL) Tax Credit Scheme.
Minister of Works and Housing, Babatunde Fashola, who announced this while briefing newsmen in Abuja, said the money would be spent on some major roads in Nigeria, totaling over 700km.
According to the minister, the roads will link 11 benefiting states, which he listed as Edo, Delta, Kano, Kaduna, Borno and Adamawa among others.
He said, “The Council gave approval for the construction and rehabilitation of 11 roads totaling 737.242 kilometers 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 for about 44 roads that had been awarded.
“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.”
