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Home General News Politics

Nigeria to raise N163.32 billion through road concessions programme

William Ukpe by William Ukpe
June 19, 2020
in Politics
#EndSARS: Fashola discovers strange camera at Lekki Tollgate, FEC approves road, road concessions
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The Minister of Works and Housing, Babatunde Fashola told the National Assembly Joint Committee on Works, on Wednesday, that the Federal Government is proposing a plan to concession 10 key highways in the country.

The project will be called the “Highway Project and Management Initiative.”

The roads in the planned project are: Onitsha – Owerri– Aba, Shagamu – Benin; Abuja – Keffi – Akwanga; Kano – Maiduguri; Lokoja – Benin; Enugu – Port Harcourt; Benin – Asaba; Illorin –Jebba; Kaduna – Kano; and Abuja – Lokoja.

READ ALSO: Forex: U.S dollar falls as U.S Fed gives easier access to cheap money 

Mr. Fashola added that the concessions would raise a total of N163.32 billion, with N16 billion for each road, and over 23,000 jobs would be created in its initial phase.

He also added that the Highway Management Initiative was developed with planned private sector engagement.

Investors are expected to develop the added road infrastructure, from toll plazas to street lights, as the project should attract and maximise the development of Federal road infrastructure.

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Tags: Babatunde FasholaHighway Project and Management InitiativeMinistry of Works and HousingNational Assembly

Comments 1

  1. Abdullahi Shehu O says:
    June 19, 2020 at 8:48 am

    Great, I hope the issue of heavy load trucks/thrillers packing on highways would be addressed in the plan. Probably, thrillers/trucks parks with modern facilities, accommodations, restaurants and mechanic village should built along each corridor to prevent unnecessary accidents, damage to roads and further create jobs. When built heavy trucks should be made to park there for repair or rest or face heavy penalty. Thank u.

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