The Federal Executive Council (FEC) on Wednesday approved ₦38.4 billion for the completion of road projects in five states in the country.
The Minister of Works and Housing, Babatunde Fashola, who disclosed this to State House Correspondents at the end of the FEC meeting presided over by President Muhammadu Buhari in Abuja, said the projects were inherited from past administrations in the country.
He added that the five states are Anambra, Bayelsa, Benue, Imo, and Nasarawa.
Fashola said: “They are not new projects. They are projects we inherited and we are trying to complete. So essentially, they relate to cost revision because of the ages of the contracts and the prices of goods that had changed.
“So, the first one was the contract for a 13.5-kilometre spur of the road from Onitsha-Owerri Road through Okija-Ihembosi-For Ugbor to Ezinifite in Nnewi South Local Government Area of Anambra State.
“That contract was awarded in 2011 but was not funded until this administration came in so the contractor is asking us to revise the contract by ₦488,980,891 and an additional completion period of six months. The council approved that review of price and the extended completion period.”
The minister revealed that the second contract was for the completion of a 20-kilometre road in Bayelsa State.
