FG Awards ₦309.9 Billion Road Projects To Dangote Group
The Federal Executive Council has approved the sum of ₦309.9 billion for road contracts which will be handled by the Dangote Group.
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 of Works and Housing, Babatunde Fashola, while briefing the media after the council meeting on Wednesday that five road projects totaling 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.
Fashola disclosed that this is the largest single award of concrete roads undertaken by the Nigerian government.
