N750 Billion Road Investment: The Federal Executive Council (FEC) has approved a range of road projects valued at over N750 billion across multiple states.
This was announced by the Minister of Works, Dave Umahi, to State House correspondents on Monday, May 5, following the FEC meeting chaired by President Bola Ahmed Tinubu.
Umahi explained that the council approved the rescoping of several projects inherited from previous administrations to align with current budget constraints and available funding.
A key approval includes the rescoping of the Akure-Eta-Ogbese-Ekiti border to Ikere-Ado-Ekiti road project, which spans Ondo and Ekiti states. The original 18.4 km dual carriageway has been revised to 15 km at a cost of N19.4 billion.
Still on N750 Billion Road Investment
As part of the FEC’s earlier directive to reassess inherited contracts within the available budget, the Ministry of Works also revised the Sokoto-Zamfara-Katsina-Kaduna road project. Initially awarded at N105 billion for 375 km, the project has been reduced to 82.4 km with six bridges, retaining the original budget.
Another project undergoing rescoping is the Maiduguri-Monguno Road in Borno State, initially awarded in 2018 for 105 km but now split into two phases. The first phase, covering 30 km, has been approved at a cost of N21 billion, while the second phase will be presented to FEC after completion of the first.
Additionally, the Cham-Numan section of the Gombe-Yola road in Adamawa has been rescheduled, with the first phase approved at N9.25 billion.
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