The Federal Executive Council has finally approved N740 billion for the Berger stretch of the Abuja-Kano route.
Minister of Works, Senator Dave Umahi, disclosed this information after the cabinet meeting presided over by President Bola Tinubu on Wednesday.
According to Umahi, the Sagamu-Benin road is undergoing critical rehabilitation, with plans for full reconstruction using reinforced concrete pavement.
The Abuja-Kano road project, initially slated for a tax credit arrangement, will now be procured without such a provision, according to Independent.
The commencement of construction on the Sokoto-Badagry road, with the Sokoto section to be flagged off soon.
The resumption of work on the Oyo-Ogbomosho road, a project stalled for 18 years.
Significant repairs on the Makurdi-Katsina-Ala road.
The FEC also addressed the inherited debt profile of N1.6 trillion tied to 2,604 projects, with a total contract value of N13 trillion. To manage this backlog, the Ministry of Works will implement a phased approach based on available funding.
Advanced payment mechanisms have been approved to combat inflation and rising costs driven by fluctuating exchange rates and petroleum prices.
