BY MOHAMMED ADAMU, OCTOBER 30, 2021 | 11:33 PM
The Nigerian National Petroleum Corporation, NNPC, has given a breakdown of the N621 billion it will put to constructing 21 federal roads under the Federal Government Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.
Mr. Garba Deen Muhammad, spokesperson of the NPPC, disclosed this in a statement on Friday, after an approval by the federal executive council, FEC, in its last meeting on Wednesday.
‘Pursuant to the Presidential Executive Order 007 of 2019, the NNPC wishes to avail the Nigerian public the spread of the road projects and the respective costs,’ Garbadeen’s statement said.
Under the scheme, the NNPC will construct a total of 1, 804.6km of roads at a cost of over N621 billion.
The projects are spread across all the six geopolitical zones of the country.
Seven hundred and ninety one kilometers (791.10 km) of it will be in the North Central, at a cost of over N244.9 billion.
In the North East, the roads will cover a total stretch of 273.45 km, which will gulp over N56.1 billion. In the North West, the stretch is 283.5 km, which will also cost the government N23.0 billion.
Another 252.7 km of the stretch will be in the South West, which is put at the cost of N81.1 billion. Similarly, 122.0 km of the roads are in the South East, which the government is putting the sum of N43.3 billion to build, while 81.9 km is in the South South and will cost N172 billion.
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