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JUST IN: FG awards 309.9 billion roads to Dangote

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President Muhmmadu Buhari approved the award of the contract to Dangote Industries Limited on Wednesday for the construction of five roads with a total length of 274.9 kilometers at a price of N 309.917 billion, which were levied as a tax become recognition. To the company. 

 The Minister of Labor and Housing, Babatunde Fashola, stated this in a press conference at the end of the meeting, attended by Vice President Yemi Osinbajo, the Federation Secretary of Government, Boss Mustapha, and the President’s Chief of Staff, Ibrahim Gambari and a few ministers were present, while the rest of the cabinet was present virtually from their respective offices.

 Fashola stated that the road contract, the second council approved for the ministry, was under the federal government’s road infrastructure tax credit policy, which he believed was one of the strategic alliances with the private sector. 

 “They invest their money and instead of paying their taxes when they are due, they do it. That is the fact; This is not a concession, it is a tax credit policy ”. 

 The minister listed the 49,153 kilometer roads from Bama to Banki in the state of Borno, which were awarded at a price of N51,016 billion; 

 Dikwa to Gamboru Ngala, 49,577 kilometers in the state of Borno for 55,504 billion N;

Nnamdi Azikiwe Road, popularly known as the Western Bypass in Kaduna, 21,477 kilometers, from Command Junction to Kawu, for the sum of N37,560 million and sections 1 and 3 of the deep port access road in Lagos State through Epe to Shagamu Expressway, 54, 24 kilometers connecting the states of Lagos and Ogun for the sum of 85,838 million naira; the Obele / Ilaro / Papalanto motorway to Shagamu, 100 kilometers in the state of Ogun, for the sum of 79.996 million naira.

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