Nigeria pledges US $62.3m for Lagos-Ota-Abeokuta expressway project

Nigeria pledges US $62.3m for Lagos-Ota-Abeokuta expressway project

The Federal Government has pledged early completion of Lagos-Ota-Abeokuta expressway at the cost of US $62.3m to fasten socio-economic growth and international trade within Ogun and Lagos corridors.

Speaking at the flag-off of the road reconstruction at kilometre zero, Ile-Zik, along Lagos-Abeokuta Expressway, Babatunde Fashola, the Minister of Power, Works and Housing, regretted that the road had suffered several abandonments and contract variations owing to paucity of fund.

However, the readiness of the present government to prioritise key infrastructure to drive the economy and address the security challenges by ensuring that critical roads like the Lagos-Ota-Abeokuta road is completed in record time.

According to Fashola, the government is considering alternative funding source apart from the regular budgetary allocations from Sukuk bond.

Similar Posts:

NO COMMENTS

LEAVE A REPLY