DAILY POST
President Muhammadu Buhari has approved a Nigerian National Petroleum Corporation Limited, NNPCL, request to invest N1.9 trillion in the reconstruction of 44 federal roads under the tax credit policy.
His approval came during the Federal Executive Council, FEC, meeting presided over by the Vice President, Prof. Yemi Osinbajo, at the Presidential Villa, Abuja.
Osinbajo’s spokesperson, Laolu Akande, briefing State House correspondents on the development, spoke on behalf of the Minister of Works and Housing, Babatunde Fashola.
“The council approved the Ministry of Works and Housing proposal for the reconstruction of 44 proposed federal government roads with a total length of 4,554km with a total sum of N1.9tn,” Akande said.
Under the initial deal, the NNPC is currently constructing 1,804.6km of road, costing N621,237,143,897.35.
A step-by-step regional analysis of the project funding showed that the North Central geopolitical zone received the biggest share of N244.87bn for…
