Nigeria’s Power, Works and Housing Ministry has received 100 billion Naira for road projects. The money is from the 100 billion naira Sukuk bond issued by the government in September which was oversubscribed. Finance Minister, Kemi Adeosun presented the cheque to the Supervising minister. The fund is to finance 25 key road projects across the country. Five projects are to be carried out in the North-central zone of the country.
These include: construction of loto Oweto bridge, dualisation of Abuja-Lokoja Road, dualization of Suleja-Minna road and dualisation of Lokoja-Benin road. In the North East zone, four projects are to be carried out, including dualisation of Kano-Maiduguri road.
Four projects will be carried out in the North West zone. They include: dualisation of Kano-Maiduguri road, dualisation of Kano-Katsina road, construction of Kano western bypass and Kaduna eastern bypass.
Also, four projects will be carried out in the South East zone. They include: rehabilitation of the Onitsha-Enugu expressway and rehabilitation of Enugu-Port Harcourt road.
Five projects will be carried out in the south south zone; Rehabilitation of Enugu-Port Harcourt road, dualisation of Yenegwe road junction to Kolo-Otuoke Bayelsa palm and dualisation of Lokoja-Benin road.
In the South West zone, three projects are to be carried out. They include: Reconstruction of Benin-Ofosu to Ore-Ajebandele –Shagamu dual carriageway (Phase two and three) and dualisation of Ibadan-Ilorin road. Government is positive the development will bridge the country infrastructure gap.
