Alleged 500bn Fraud: The CBN and others should be investigated for posterity's sake

The Federal Executive council recently approved the building of roads in six states in the country that is estimated to cost N35.944bn.

This was announced through the Federal Ministry of Power, Works and Housing on Sunday.

Total of 16 roads will be built: the contract intends to build sixteen roads approved by the council.

The aim is to develop road networks: According to FMPWH, this is part of the Federal Government’s commitment to developing Nigeria’s road networks in the six geopolitical zones.

States that are benefitting from the project: According to the Ministry, the benefiting states in the latest approvals during the last FEC meeting include: Zamfara states, where a N3.813bn contract was approved for the rehabilitation of the Birnin Yauri-Rijau, Magajiya to Daki-Takwas Road; Akwa Ibom State, where a N1.1bn contract was approved for the construction of Atan Ikot Okoro Road with a bridge at Essien Udim Local Government Area; and Ebonyi State, where a N3.071bn contract was approved for the reconstruction of Oso-Owutu Road.

For Benue State, a contract of N27.3bn was approved for the rehabilitation of Makurdi-Naka-Adoka Road Phase 1.

The other approval was for Kano State where an augmentation sum of N676.2m was approved for the completion of the construction of Wudil-Utai-Achika-Darki-Jegaware Road, whose contract was first approved in 2012 by FEC at an initial sum of N4.4bn.

Companies in charge of these constructions: The Kebbi/Zamfara road will be handled by Messrs H&M Nigeria Limited in 12 months. That of Akwa Ibom State is to be constructed by Messrs Raycon and Company Nigeria Limited in 28 months, while that of Ebonyi is awarded to Messrs Sabtech Towers Nigeria Limited with a completion date of 18 months.

Construction of roads will create opportunities in the states: According to the FMPWH, the construction of these roads will generate between 150 to 200 direct jobs, with 90 Nigerians as direct members of staff.

Deal book 300 x 250

It also added that the rehabilitation of BirninYauri-Rijau, Magajiya to Daki-Takwas Road in Kebbi/Zamfara states would generate between 50 and 100 direct jobs, with Nigerians taking all the jobs, adding that the Road in Akwa Ibom State would create 50 jobs for Nigerians alone.

Also, the reconstruction of Oso-Owutu in Ebonyi State would generate between 50 to 120 direct jobs for over 90 percent Nigerians.

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