• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Real Estate and Construction

FG, China Exim Bank disagree on number of Lanes for Akwanga-Gombe Road 

Caleb Obiowo by Caleb Obiowo
February 24, 2025
in Real Estate and Construction, Sectors
David Umahi,
Share on FacebookShare on TwitterShare on Linkedin

The Federal Government and China Exim Bank have disagreed on the number of lanes for the Akwanga-Gombe road project. While the FG proposed three lanes per carriageway, China Exim Bank, the project’s financier, insisted on four lanes.

Minister of Works, David Umahi, revealed this at the Lagos-Calabar Coastal Highway stakeholder meeting, clarifying that the project would benefit the North East. He dismissed claims that none of President Tinubu’s legacy road projects were planned for the region.

The Akwanga-Gombe road, linking Akwanga to Jos, Bauchi, and Gombe, was ordered by President Tinubu to be redesigned with three lanes per carriageway.

RelatedStories

FG, Borno sign MoU for takeover and transformation of National Orthopaedic Hospital, Azare 

FG, Borno sign MoU for takeover and transformation of National Orthopaedic Hospital, Azare 

May 16, 2025
FG, States and LGAs share N1.35 trillion as FAAC allocation in June

FAAC: FG, States, LGs share lower February revenue of N1.678 trillion 

March 22, 2025

However, China Exim Bank, as the financier, required four lanes to fund the project.

“Let me first start by discussing the four legacy projects of Mr. President. I watched a motion on the floor of the Senate where a motion was alluding that out of the four legacy projects of the President, none is for the North East. That is not correct. 

“We have the fourth legacy project of Mr. President which is running from Akwanga. It goes to Jos, and from Jos, it goes to Bauchi, then to Gombe. 

“That is the fourth legacy project, and we are on the project because it is being funded by the China Exim Bank. But we came to a point of conflict because the President directed that the road should be redesigned with concrete and should be six lanes, that is, three lanes per carriageway. 

“But the funders, China Exim Bank, said, ‘Look, we can’t do three lanes per carriageway; we have to do four lanes per carriageway,” Umahi said. 

However, the Minister of Works revealed that the government would engage stakeholders in the North East to resolve the issue by either persuading China Exim Bank to accept three lanes per carriageway or revising the design to four lanes and seeking the President’s approval.

What you should know  

The Akwanga-Gombe road project is not the first for which the Federal Government has sought funding from China Exim Bank.

  • Previously, the bank financed 85% of the $542 million Abuja-Akwanga-Lafia-Makurdi Road under the Highway Development and Management Initiative (HDMI) through a $460.8 million loan.  To repay the loan for the Abuja-Akwanga-Lafia-Makurdi Road, the Federal Government launched toll operations on February 4, 2025. 
  • More road projects under the HDMI are expected to be tolled upon completion to recover funds invested.

Additionally, the Lagos-Calabar Coastal Highway project, a legacy project, is being executed under the Engineering, Procurement, Construction, and Financing (EPC+F) model, with the contractor, Hitech, providing most of the funding and planning to recoup the investment through toll operations. Other legacy projects will also be tolled to recover funds invested.

Tags: Akwanga-Gombe RoadChina EXIM bankFG
Caleb Obiowo

Caleb Obiowo

Caleb Obiowo has a degree in Urban and Regional Planning from the University of Uyo. With over three years of experience writing about a range of topics, Caleb is dedicated to educating his audience through useful content. He is currently an analyst at Nairametrics focused on exploring the Nigerian transportion, construction, and real estate sectors, among others.

Related Posts

FG, Borno sign MoU for takeover and transformation of National Orthopaedic Hospital, Azare 
Corporate deals

FG, Borno sign MoU for takeover and transformation of National Orthopaedic Hospital, Azare 

May 16, 2025
FG, States and LGAs share N1.35 trillion as FAAC allocation in June
Economy

FAAC: FG, States, LGs share lower February revenue of N1.678 trillion 

March 22, 2025
FG, ICPC sign MoU to strengthen transparency, accountability in health sector
Health

FG, ICPC sign MoU to strengthen transparency, accountability in health sector

March 17, 2025
FG, ILO launch National Child Labour Website and reporting app to combat child exploitation in Nigeria 
Sectors

FG, ILO launch National Child Labour Website and reporting app to combat child exploitation in Nigeria 

February 14, 2025
NERC adopts new tariff tool for mini-grid regulation  
Energy

FG transfers electricity market regulatory oversight in Lagos to LASERC 

December 19, 2024
FG to grant tax breaks to companies employing more staff – Wale Edun 
Currencies

FG launches 9-month window to allow Nigerians deposit undisclosed foreign currencies in banks 

November 1, 2024
Next Post
Junior public officers take CBT exams administered by JAMB

JAMB exempts foreign, blind, deaf, and prison inmates from university screening 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
Zenth Bank
first bank
Zenth Bank








DUNS

Recent News

  • FG to deploy 7 million smart meters across Nigeria to end estimated billing 
  • Lagos issues 24-hour closure notice to Alabarago market traders over environmental infractions
  • NDLEA intercepts N9.3 billion worth of codeine, opioids at Onne port

Follow us on social media:

Recent News

Presidency: Nigeria’s 209 trillion cubic feet of gas positioned for energy transition 

FG to deploy 7 million smart meters across Nigeria to end estimated billing 

June 1, 2025
Lagos govt mandates permits for amplified sound in nightclubs, worship centres 

Lagos issues 24-hour closure notice to Alabarago market traders over environmental infractions

June 1, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics