JUST IN: FG Declares New Rates For Toll Gates In Nigeria

• The Federal Government (FG) has declared new rates for toll gates in Nigeria.

EKOHOTBLOG reports that the Federal Government (FG) has approved the Federal Roads and Bridges Tolling Policy and Regulations in Nigeria.

The Federal Executive Council (FEC) gave the approval at the weekly meeting in Abuja on Wednesday.

EKOHOTBLOG reports that the approval by the FEC signals the reintroduction of toll gates on federal roads across the country.

It would be recalled that the Buhari administration, in 2019, announced plans to bring back toll collection after it was canceled by the Obasanjo government in 2004.

However, the Minister of Works and Housing, Babatunde Fashola, while speaking to newsmen in Abuja, gave a breakdown of the rates.

The minister noted that bicycles, pedal cycles, tricycles, motorcycles, and other two or three-wheeled transport are exempted.

EKOHOTBLOG reports that others to benefit from the exemption are diplomatic vehicles, military, and paramilitary vehicles.

Vehicles affected by the latest development have been classified into different categories.

READ ALSO: FG Set To Return Toll Gates On Federal Roads – Fashola

They include cars, SUVs, private buses, commercial buses, luxury buses, and trucks.

Cars will pay N200; SUVs and Jeeps N300; private buses N300; commercial buses N150; luxury buses and trucks N500.

Fashola further recalled that a Willingness-To-Pay Survey was carried out before the pricing framework.

The minister added that the toll payment was with immediate effect, saying the government presented the policy to help people, states, local governments, road managers and investors to have an idea of the initiative.

EKOHOTBLOG reports that the toll payment will commence once the roads are motorable and will affect only federal dual carriage roads.

YOU MAY ALSO LIKE

• Okowa Calls For Reintroduction Of Federal Toll Gates To Address Road Infrastructure