Business
FG to complete Benin-Lokoja road within 6 months, says David Umahi
The Minister of Works, David Umahi, has stated that there are plans by the Federal Government to complete the Benin-Lokoja road project in the next six months.
Umahi revealed this detail in Abuja on Thursday at a meeting with the contractors responsible for the road projects.
Umahi stated that the federal government has devised methods to expedite the completion of the road project, which was awarded in 2012 but has yet to be finished.
Moreover, he stated that the federal government had consented to BUA’s offer to undertake the construction of 30 kilometres of the road under the tax credit scheme, leading to a subsequent tax certificate award to the company.
The minister also stated that three additional contractors would be deployed to work on the remaining 30 kilometres of the road.
Furthermore, Umahi stated that the ministry intends to mobilize the contractors by signing an addendum that allows them to collect 30 percent of the funds, amounting to N9 billion each, to expedite the project.
He, however, said that the contractors would do an affidavit agreeing on the timing for completion of the project.
On his part, Kabiru Rabiu, Group Executive Director, BUA Group, said the company was committed to supporting the administration of President Bola Tinubu to succeed.
According to Rabiu, in Edo alone, BUA made an investment of over 2billion dollars with five lines of cement.
He said that the construction of the 30 kilometres road was also in favour of the group as well as the people of Edo.
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