FG approves ₦309bn for concrete roads

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The Federal Executive Council has approved the sum of ₦309.9 billion for road contracts across the country.

The Minister of Works and Housing, Babatunde Fashola said five road projects totalling 274.9 kilometers of federal road under the Federal Government Road Infrastructure Tax Credit Policy will be advanced by the Dangote industries as tax credit.

He explained that the move is also part of the government’s multiple funding options with the private sector.

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The roads are located between Bama and Banke in Borno State, the Nnamdi Azikiwe road in Kaduna State and the Deep Sea Port access road, sections one and three in Lagos State through the Epe to Sagamu expressway.

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Fashola disclosed that the roads will be paved with concrete as done by  Dangote on the  Obajana to Kabba road.

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The council equally approved the formalisation of police special services unit operated through a private-public partnership and enabled tarriffs and billing schemes to tap revenues and block leakages.

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