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FEC approves N126bn for 12 road projects

FEC approves N126bn for 12 road projects
February 16
06:46 2017
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The federal executive council (FEC) on Wednesday approved the award of N126 billion for the construction of 12 road projects.

Babatunde Fashola, the minister of power, works and housing, made this known while briefing state house correspondents after the FEC meeting.

Fashola said the projects were spread across Kano, Bauchi, Adamawa, Kwara, Gombe, Enugu, Kaduna and Bauchi states.

He said: “Contractors who have been owed for two, three years before Mr President was elected are back in various states, they recalled back their workers and as they are purchasing gravel, cement; the economy is on its way back with a bend.

“Every place in all of those states, once we mobilise the contractors, the money is kept in those states.

“Most of the workers who drive the trucks, who fix the roads that you see are indigenes of those states and so, they aggregate to the total output from each of those states to the national productivity and national recovery.”

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Copyright 2017 TheCable. Permission to use quotations from this article is granted subject to appropriate credit being given to www.thecable.ng as the source.
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Exchange Rates

March 17, 2017USDGBPEUR
INTERBANK315.00390.25339.38
LAGOS455535475
KANO457545470
PH459550480
ABUJA457540475
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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