The Federal government of Nigeria has on Wednesday, July 14, 2021, approved the sum of ₦309.9 billion for road contracts which will be handled by the Dangote Group.
The Minister of Works and Housing, Babatunde Fashola, revealed this to newsmen shortly after the weekly meeting presided over by President Muhammadu Buhari in Abuja.
According to the minister, five road projects totalling 274.9 kilometers under the Federal Government Road Infrastructure Tax Credit Policy will be advanced by the Dangote industries as tax credit.
Mr Fashola explained that the move is also part of the government’s multiple funding options with the private sector.
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.
The minister disclosed that this is the largest single award of concrete roads undertaken by the Federal Government.