FG Approves N610bn for Road Projects and Housing Units

On Wednesday, the Federal Government of Nigeria approved contracts and public-private partnership (PPP) concessions exceeding N610 billion for major road infrastructure projects across the nation. Minister of State for Works, Bello Goronyo, announced these approvals following a Federal Executive Council (FEC) meeting in Abuja.

The initiatives include the reconstruction, rehabilitation, and upgrading of federal roads, alongside efforts to attract private-sector investment for critical infrastructure development. Additionally, the FEC sanctioned the direct purchase of 600 four-bedroom terrace duplexes in Abuja for military personnel, aimed at enhancing their welfare through better accommodation.

Among the specific contracts ratified was a N159.826 billion agreement for the reconstruction of the Ado-Ekiti–Iyin–Aramoko–Itawure–Osun State border road, awarded to CBC Global Civil & Building Construction Nigeria Limited, with a completion timeline of two years. The government aims to address longstanding infrastructure deficits and improve connectivity while leveraging private financing to alleviate public financial pressures.