The Federal Executive Council (FEC) has approved the proposal by the Federal Ministry of Works and Housing, for the Nigerian National Petroleum Company Limited (NNPCL), while it’s allied companies invest N1.9trn for the reconstruction of the 44 federal roads selected across the country.
Vice President, Professor Yemi Osibanjo who stood in the stead for President Muhammadu Buhari, who was attending an African Peace Conference in Nouakchott, Mauritania, chaired yesterday’s council endorsed the purchase of 31 vehicles for the Federal Ministry of Environment with the sum of N1.35bn.
Speaking to the newsmen, Minister of Environment, Muhammed Abdullahi said the vehicles would be posted to keep track of power and remediation projects in some areas of Ogoni land in Rivers State that have suffers some degree of oil pollution.
According to the the Minister of Police Affairs, Maigari Dingyadi, the council approved the bill to establish Nigeria Police Force College Training School and Institution to serve as centre for training of officers of the Nigeria Police.
The recommendation by NNPC to invest in the reconstruction of the selected 44 federal roads, was approved by the government under the Federal Government Road Infrastructure Development and Refurbishment Investment Tax Credit Policy, Phase two.
Laolu Akande, media assistant to the Vice President, at the FEC media briefing told the newsmen that the memo of N1.9trn which was approved to be disbursed got the reconstruction of the 44 selected federal roads by NNPC Limited was presented the the Minister of Works and Housing, Babatunde Fashola.
Federal Executive Council also approved the increase of contract for the refurbishment of the Oshogbo – Ilesha road in support of Messers Orizon Construction Company to the sum of N1.2bn.
According to Akande. “The minister also got approval for the vendors for nine road corridors under the probation phase of the value added permit of the Highways Development and Management Initiative, following the disclosure of the necessary full business case compliance certificate by the Infrastructure Concession Regulatory Commission (ICRC) for each road corridor for a period of 25 years are as follow: “The roads that will be under this first phase are the Benin-Asaba corridor; Abuja-Lokoja-Onitsha-Owerri-Aba-Shagamu-to Benin; Abuja-Keffi-Akwanga-Lafia-Makurdi; Kano-Maiduguri, that is the Kano Shauri; Enugu-Port Harcourt; Lagos-Ota-Abeokuta; and Lagos-Badagry-Seme.”
In the earlier programme, NNPC is currently constructing a total of 1,804.6 kilometres of roads at a total cost of N621, 237,143,897.35
North-central geo-political zone got the highest portion of N244.87 billion for the construction of 791.1 kilometres of road
Statistics also shows that South – south geo political zone got the second highest portion of the NNPC Road Infrastructure Development and Refurbishment Project. With the sum of N172.02bn for a total of 81.9 kilometres of road.
Followed with a total allocation of N81.87bn is South – west for the construction of 252.7 kilometres of road.
NNPC apportioned the sum of N57.12bn to North – east for the construction of 273.35 kilometres of road.
North – west was allocated the sum of N23.05bn for the repair of 283.5 kilometres of road.
This projects funded by NNPC, the money equivalent is deducted by the Federal Inland Revenue Service (FIRS) from the national oil company’s tax obligations.
NNPC in collaboration with key stakeholders, Ministry of Works and Housing and FIRS to execute the initiative, serves as an enabler for building the Nigerian Economy.
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