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Fashola, Adegoroye Flag-Off N90bn Akure/Ado-Ekiti Road Dualization
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Fashola, Adegoroye Flag-Off N90bn Akure/Ado-Ekiti Road Dualization

Minister of Works and Housing, Babatunde Fas­hola and Minister of State (Transport) Ademola Adegoroye on Thursday stormed Akure, the Ondo State capital, to flag-off the dualization and construc­tion of Akure/Iju-Itagbo­lu/Ado-Ekiti

  • PublishedMay 26, 2023

Minister of Works and Housing, Babatunde Fas­hola and Minister of State (Transport) Ademola Adegoroye on Thursday stormed Akure, the Ondo State capital, to flag-off the dualization and construc­tion of Akure/Iju-Itagbo­lu/Ado-Ekiti Road.

Fashola disclosed that the construction work would cost over N90 billion and be completed within a span of 24 months.

He disclosed that the award and flag-off of the road took so long because of the necessary process required by the new procurement law.

The former governor of Lagos State assured that the financing of the project has been taken care of by NNPC through tax credit policy and construction work would not stop till completion.

He commended Adegoroye for his unrelenting efforts in ensuring that the road is awarded.

According to Fashola, “Barely under a year, I know how many memoranda he (Adegoroye) had presented. He chases me with a tele­phone on this road.

He told me “he would not be able to return home after the expiration of tenure if the road is not awarded.”

“It took this long because we have to do the redesigning of the road and other neces­sary documents.

“So this road is not fund­ed by debt, it is funded by a policy of Buhari called ‘Tax Credit Policy’, where the pri­vate sectors invest their tax in advance and it is pay back later. So what it means is that the Federal Government has agreed to sort for other reve­nue to have a road. But that policy is working.

“I’m also here to tell you that we will be leaving behind sustainable development here whether we are still in the of­fice or not. This road will be built because NNPC, through the tax credit, has committed to fund it.

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“We have given Ondo and Ekiti states as close to what they want possible, not only have we terminated the con­tract, it was not that the con­tractor was not competent, it was because the Sukuk fund­ing did not pay the mobiliza­tion fees.

“The work looks so easy from outside, but one decision leads to other consequences but we have now given you contractors who are ready to work with you.”

Fashola noted that “when the issue of the road came up, some people suggested that the road be rehabilitated and asphalted, but I said it would be dualised.
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