Leadnaija
President Bola Tinubu has approved a significant infrastructure development plan, allocating N787.14 billion and $651.7 million for multiple road projects across 13 Nigerian states.
The announcement followed the Federal Executive Council (FEC) meeting on Monday, where several road contracts, revisions, and new projects were approved nationwide.
Briefing journalists after the meeting, Minister of Works Dave Umahi confirmed that the funding covers both new constructions and revised contracts across strategic regions.
Key Highlights:
Ondo and Ekiti States: The Akure-Eta-Ogbese-Iju-Ekiti to Ikere-Ado-Ekiti dualization project will see 15km of its 18.4km stretch completed at a revised cost of N19.4 billion.
Sokoto-Zamfara-Katsina-Kaduna Highway: Rescoped to 82.4km with six bridges, the project remains within its original N105 billion budget.
Borno State: The 105-km Maiduguri-Monguno road will now be executed in phases, with N21 billion allocated for the first 30km.
Ebonyi State: Approval was granted for the Abakaliki-Afikpo Flyover, pegged at N25 billion.
Ogun State: New road constructions, including the Ikoga Road and Atan-Alapoti-Ado-Odo Road, have a combined budget of N37.045 billion.
Enugu-Onitsha Road: Backed by MTN tax credit funding, this 77km road has been redesigned and awarded at N150 billion.
Benin-Shagamu-Ore Road (Southwest): The final 96km stretch has been approved with a N187 billion allocation.
7th Axial Road, Lagos: Designed as a major evacuation corridor for the Lekki Deep Seaport and Dangote Refinery, this 50km road (including 5km of bridges) will be funded with $651.7 million from China Exim Bank.
Abia and Akwa Ibom States: The long-awaited Aba-Ikot-Ekpene Road has received final approval at a cost of N30.23 billion.
Lagos State: The Ebute-Ero and Outer Marina Shoreline Protection project cost has been revised to N176.495 billion.
Gombe-Yola Road: The Cham-Numan section refurbishment will proceed in phases, starting with a N9.253 billion release for the initial segment.
Minister Umahi emphasized that these projects reflect the Tinubu administration’s infrastructure push under the Renewed Hope Agenda, and will be executed via a mix of government funding, tax credit initiatives, and foreign financing. CONTINUE READING
