The minister for Finance Kemi Adeosun on Thursday in Abuja presented a Cheque of N100b naira to work, power and Housing Minister Babatunde Raji Fashola for rehabilitation and construction of 25 road in the country
Some of the roads to be fixed includes, Ogbomoso-Oyo Axis of Ibadan -Ilorin express roads,Obajana-Okene road in Kogi State; Aba-Port Harcourt road in Rivers State; Ajebandele-Sagamu axis of Lagos Ibadan express road among other
The presentation was done during a meeting with some heads of construction companies handling the projects across the country.
Some of the contractors at the meeting includes Arab Contractor Nigeria Limited, CGC Nigeria, CCECC Nigeria Limited, Salini Nigeria Limited, Reynolds Construction Company Nigeria Limited and Setraco Nigeria Limited are some of the beneficiary contractors.
Others are Dantata and Sawoe Construction Company Nigeria Limited, Eksiogullari Nigeria Limited, Mothercat Limited and Gitto Constrizon Generali Limited.
According to the government, each geopolitical zone is to get an equal amount of N16.67bn for the rehabilitation of selected roads
With the fund roads will be rehabilitated in the North-Central and South-South; four each in the North-East, North-West and South-East; and three in the South-West.
Babatunde while addressing the contactors said with the development the issue of finance is resolved and urged them to speed up action on the projects
