Nigeria’s Federal Executive Council (FEC) has approved a contract for the dualisation of Section ONe of Kano-Maiduguri road at the cost of N63 billion (about $165 million).
The Council also approved the reconstruction of the 8.1 kilometre Apapa-Oworonsoki-Ojota road at the cost of N22.24 billion (about $58 million)
The Minister of Information, Alhaji Lai Mohammed, disclosed this on Wednesday while speaking with State House journalists in Abuja at the end of the weekly FEC meeting.
He said the Minister of Works and Housing, Babatunde Fashola, presented a memo to council for the reconstruction of Apapa-Oworonsoki-Ojota Phase Section Two, and was approved in council.
“This contract was awarded today for the sum of N22,247,332,000. But you must know that this is one of the projects being awarded under Infrastructural Tax Credit Scheme. In other words, it is awarded to Dangote and Dangote will construct it and over the years, it will be deducted from the tax payable by the group. It is one of various means of PPP that this administration has embraced.”
Speaking on the Kano-Maiduguri road, Mohammed said; “That is Section One. That is Kano-Wudil-Shuarin section. This is about 560 kilometres contract between Kano and Maiduguri. The section awarded today is actually more of approval for an estimated total cost.
“They found out that at the time of the award of the contract, certain conditions have to be known. He sought for a revision and an increment in the sum of N8 billion which will bring the total cost of the contract to N63 billion. It was approved by council today.”