N4.8 Billion Earmarked For Benin-Akure Road Project

In the Federal Executive Council (FEC) meeting held today and presided over by President Muhammadu Buhari, the sum of N4.8 billion has been approved for the expansion of  Benin-Adumagbae-Igba-Akure road in Edo and Ondo States.

During the press briefing at the Presidential Villa, Abuja, Minister of State for Works and Housing, Aliyu Abubakar said the contract was awarded in Dec. 2013, therefore the project had been inherited and it is Buhari’s decision that all ongoing projects must be completed.

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Aliyu said that the project was stopped for some time due to lack of funding.

According to him, the contract has to be reviewed as the contractor is going back to work.

“We have reviewed the contract from the original sum of N3.3 billion inclusive of VAT and tax, an increase of about N1.48 billion.

“It was further reviewed down through the processes of going to BPP to the total sum of N4.8 billion,’’ he said.

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