₦airaland Forum

Julius Berger Nigeria plc, Setraco Nigeria Limited, China Harbour Engineering Company Nigeria Limited and eight other construction companies, will now manage the nation’s 12 highways on concession basis.

Announcing the successful firms yesterday, Minister of Works and Housing, Mr Babatunde Fashola, said that the process would unlock capital in excess of possibly a trillion naira.

According to him, the process has taken the government two years for the concessionaires to emerge because the government wanted to follow the rules.

“If you have followed the process we are now two years. This is just how long it is. This is how many cooks are required to make the broth. It is a long process but it can also be very rewarding. You have to follow the rules and we have followed all the rules. We are at the point now where we are seeking to unlock capital in excess of possibly a trillion naira if the process succeeds,” he said..

Fashola said that when the government started in 2015, it had a budget of N18 billion

“The fourth sukkuk was N210 billion to be spent on 66 roads. We have innovated and initiated tax credit schemes which have brought in Dangote, Liquefied Natural Gas (LNG), Nigerian National Petroleum Corporation (NNPC), BUA Group, PZ Industries, all putting their feet into water to contribute in constructing our road infrastructure.”

mrvitalis:
Restructure this country allow states handle roads , education ,health and control their natural resources

Islie:
https://www.sunnewsonline.com/julius-berger-setraco-others-to-manage-12-highways/

Xscape1993:
Not a bad one.

McOluOmo:
Some state governors wey dey construct federal roads,how many heads they get? Asking for a friend

SarkinYarki:
You are seeing corruption in Broad daylight and you think its nice

buckeyemedia:
Ok it should have been left with the Federal Government like you left your comatose refineries?

mrvitalis:
Restructure this country allow states handle roads , education ,health and control their natural resources

asanausana91:
first start by restructuring states let local government handle roads in their various local government. How ever, state have there roads ,have they been handling their state roads well?