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FEC approves N8.2billion for roads across Nigeria

FEC

The Federal Executive Council (FEC) has approved N8.2billion for the completion and construction of roads across the country.

Minister of Works and Housing, Babatunde Fashola, disclosed this on Wednesday at the end of the FEC meeting presided over by President Muhammadu Buhari.

Fashola stated that poor funding was the reason major road projects had been delayed since 2015.

Speaking on the approved projects, he said two of the approvals were to revise the estimates of cost to enable contractors continue work.

According to him, the council approved N519 million revision of contract sum of Oba – Nnewi – Okigwe road to cater for changes in cost of materials as the project was awarded in 2009. The contract sum was revised from N3.7billion to N4.3billion.

“The Ministry of Works and Housing presented four memorandums today and two of them were for approval to revise estimates of costs so that the contractors can continue works.

“So, the first that falls in that category of revision of estimates is the Oba – Nnewi -Okigwe road.

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“So, the Council approved a revision of N519million to cater for changes in the cost of materials and all of that since the project was awarded in 2009 – so that the project can be completed.

“So, the contract sum has been revised from N3.7 to 4.3billion,’’ he said.

The minister said the second contract that was revised was the 67 kilometers Alace – Ugep road in Cross River.

He disclosed that the council approved a revision from N9.16 billion to 11.22billion, saying the revised cost was N2.052billion.

“Council approved the change of contractor for the Chachangi bridge linking Takum and Wukari in Taraba State and rewarded at the cost of N2.132 billion.

“Council also approved Katsina Ala bridge at the cost of N3.576 billion, which include total bridge repairs, changing of expansion joints, changing of bearings and rehabilitation of the 3.2 kilometers access road at Ugbema junction in Benue State,’’ he added.

Ripples Nigeria

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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