President Buhari Signs Order For Construction Of 794km Of Roads

President Buhari Signs Order For Construction Of 794km Of Roads

In order to close the road infrastructure gap in the transportation sector of the country through a Public Private Partnership (PPP) arrangement, President Muhammadu Buhari yesterday signed Executive Order 007 at the Presidential Villa, Abuja.

In the first phase of the scheme, 19 road projects covering 794 kilometers in 11 states are going to be fixed by six private companies including Dangote Group of Companies. The benefitting states are Abia, Borno, Benue, Edo, Gombe, Kaduna, Kano, Kogi, Lagos and Rivers.

Buhari said through the scheme, companies that willing and able to spend their own funds on constructing roads to their factories or farms would recover their construction costs by paying reduced taxes over a period of time.

Speaking on behalf of the investors, the chairman of Dangote Group of Companies, Alhaji Aliko Dangote, promised the government that they won’t fail in fixing the road projects.

“The impact is that it will make businesses run smoothly and also more profitably, it will reduce the cost of doing business in Nigeria.

The signing ceremony was witnessed by Governors of Abia, Kaduna, Kogi, Gombe, Jigawa and Zamfara states.

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