BREAKING: FEC Approves N158 Billion Contract For Dangote

FEC has approved N158 billion contract for Dangote to build Lekki Port Service Lanes to Shagamu-Benin Expressway.

 

NewsOnline Nigeria reports that the Federal Executive Council (FEC) has approved a N158 billion contract for the construction of service lanes connecting the Lekki Deep Sea Port through Epe to the Shagamu-Benin Expressway.

 

The project will be handled by Dangote Industries under the Federal Government’s Road Infrastructure Development Fund and Refurbishment Investment Tax Credit Scheme.

 

ALSO: Dangote Calls On President Tinubu To Completely End Fuel Subsidy

 

This approval was one of the major resolutions from the FEC meeting, presided over by President Bola Tinubu in Abuja on Monday, as contained in a statement posted on the official X (formerly Twitter) account of Bayo Onanuga, Special Adviser to President Tinubu on Information and Strategy.

“The council approved the N158 billion contract to construct service lanes for the Lekki Deep Sea Port through Epe to Shagamu-Benin Expressway. Dangote Industries will be awarded the contract under the Federal Government Road Infrastructure Development Fund and Refurbishment Investment Tax Credit Scheme,” the statement read in part.

 

The planned service lanes, set to pass through Epe to the Shagamu-Benin Expressway, are expected to significantly reduce traffic congestion within Lagos, particularly with the concentration of industries in the Lekki Free Trade Zone. Once construction begins, the project will facilitate smoother movement of goods, easing pressure on Lagos’ internal road networks and improving connectivity to other regions.