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Home Economy And Business

FG Funds 20 Major Road Projects Nationwide Under Tax Credit Scheme (FULL LIST)

These projects are supported by private sector giants such as Dangote Group, BUA Group, Mainstream Energy Solutions, and MTN, aiming to enhance infrastructure, boost connectivity, and drive economic growth. 

by NewsOnline Nigeria
August 11, 2024
in Economy And Business, Top Stories
0
President Tinubu

President Tinubu

FG has funded 20 major Road Projects Nationwide under the Tax Credit Scheme.

 

NewsOnline Nigeria reports that the Federal Government has outlined 20 key road projects across the country, funded through its Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.  

 

These projects are supported by private sector giants such as Dangote Group, BUA Group, Mainstream Energy Solutions, and MTN, aiming to enhance infrastructure, boost connectivity, and drive economic growth. 

 

In a statement published by the Ministry of Works, Minister David Umahi detailed the projects and their locations following meetings with these companies to expedite delivery.  

 

ALSO: ‘Sack NNPC GMD Now’ — Primate Ayodele Prophesies fresh Protest that will shake Tinubu

 

According to the statement, Dangote is funding 9 federal road projects, BUA 7, Mainstream 3, and MTN 1, spanning various regions across the country. 

 

Breakdown of road projects funded under the tax credit scheme 

 

Dangote Group Projects: 

  1. 35 km Apapa-Oworonshoki Expressway** – Lagos State
  2. 38 km section of Abuja-Kaduna-Kano Road Dualization
  3. 49.577 km Dikwa-Gamboru-Ngala Road – Borno State
  4. Nnamdi Azikiwe Road (Western Bypass) – Kaduna State
  5. 49.153 km Bama-Banki Road – Borno State
  6. 105 km Obelle-Ilaro-Papalanto-Shagamu Road Dualization
  7. 54.239 km Deep Seaport Road – Lagos State
  8. 65.5 km Afikpo-Okigwe Road – Ebonyi and Imo States
  9. 53.7 km Side Lanes for the Lekki Deep Seaport – Lagos State

BUA Group Projects: 

  1. 20 km of roads in each of the three Sections of Lokoja-Benin Highway
  2. 17.6 km Section of Abuja-Kaduna-Kano Road (with an additional 3 km at the Kano axis)
  3. 132.5 km Kano-Kongollam Road – Kano, Jigawa, and Katsina States
  4. 130 km Bode Sadu-Kaiama Road
  5. 42 km Eyenkorin-Offa Road
  6. 73 km Lafiaji-Bacita Road
  7. 37 km Okuta-Kenu Road – Kwara State

Mainstream Energy Solutions Projects: 

  1. 76.586 km Malando-Ngasike-Wara Road – Kebbi State
  2. 45.13 km Sabon Gari-Yuni-Auna Road – Magami LGA of Niger State
  3. Asphalt Overlay of Mokwa-Nasarawa Road – Niger State

MTN Project: 

  1. Dualization of 107 km Enugu-Onitsha Road

Federal Government to enforce stricter timelines and durability standards for tax credit projects 

The statement also noted that during a performance review meeting with representatives from Dangote Group, BUA Group, and Mainstream Energy Solutions at the Ministry of Works headquarters in Abuja, Minister Umahi announced plans to review the liability period for all federal projects to ensure durability and value for money.  

While acknowledging the progress in funding critical road projects under the Tax Credit Scheme, he urged contractors to accelerate their work to meet the nation’s economic needs.  

The Minister emphasized that, going forward, agreements on milestone completion and strict timelines will be enforced for all ongoing projects under the scheme. 

He said, “So, my position as the Minister of Works is that everybody must take responsibility. We will no longer fold our hands and allow the projects we have awarded and even reviewed to continue to linger.  

“Nigerians are suffering on these roads, and President Ahmed Bola Tinubu GCFR is doing everything possible, giving the road sector special attention.  

“And so it will be a failure on our side for us to fold our hands and watch contractors linger on these roads without minding the sufferings of the people.”

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