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Sukuk funding 44 road projects in Nigeria — Fashola



Sukuk funding 44 road projects in Nigeria — Fashola

Works and Housing Minister Babatunde Fashola said Sukuk was supporting 44 road projects across the country.

Mr. Fashola revealed this on Monday at the opening and handover of Phases I and II of Vandeikya-Ogbudu Cattle Ranch Road in Tsua, Vandiekya Local Government Area of ​​Benue State.

President Muhammadu Buhari was represented on the occasion by the Minister for Special Duties and Intergovernmental Affairs, George Akume.

Mr. Fashola said that the completed road would have a positive impact on the lives of host communities, travelers and the general public.

“These projects represent a significant investment in trucking infrastructure, which is a commitment by the Buhari administration as the engine of economic growth and prosperity.

“They are visible and incontrovertible assets that demonstrate where Nigeria‘s resources are invested from a combination of our earned resources and loans.

“This occasion provides another opportunity to recognize the impact of Sukuk funding on the completion of the Azare – Potiskum, Shuwarin – Potiskum and Sokoto-Tambuwal-Kontagora highways.”

According to the minister, other delivery procedures that will follow the procedures in Kebbi and Vandeikya would be: Section II, 142.2 km dualization between Shuwarin and Azare, connecting the states of Jigawa and Bauchi.

Others are: section III that covers the 106.3 km dualization between Azare and Potiskum that connects the states of Bauchi and Yobe, the Nnewe-Uduma-Uburu highway that covers 26.27 km with a 14 km branch to Ishiagu that connects the states of Enugu and Ebonyi.

In his welcoming address, the Permanent Secretary of the Federal Ministry of Works and Housing, Babangida Hussaini, said that the road was awarded to China Civil Engineering Construction Corporation, CCECC, Nigeria Limited, at a cost of N6.6 billion.

Hussani, who was represented by Rugba Emengo, director of Highways North Central, said the first phase of the contract was awarded in 2012, while the second phase was in 2015.

Speaking to reporters on behalf of the contractor, CCECC, George Gao, deputy director general of the South-South / Southeast Regional Office, said that the road was built according to the standard approved by the ministry.

Gao said the contract was awarded in 2012 at a cost of N6.6 billion and that its first phase was completed in 2014, adding that the total length of the road was 24 km.

He said the road built in seven years would last more than 30 years, adding that the road had a pedestrian walkway and other related facilities, such as the installation of signaling and security systems.

In her remarks, CEO Vandiekya LGC Kukase Garba praised the president for building the road for the use of her people.

Ms. Garba also appealed to President Buhari to equally rehabilitate the Gboko – Ugbema highway and the Gboko – Ihugh – Tse Maker – Vandiekya highway to facilitate the transportation system for the locals.

NAN reports that a host of senior government officials, prominent politicians, and others graced the occasion.


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