Federal Government To Reintroduce Tolls On Federal Highways For Funds Generation

The Federal Government on Monday said it would reintroduce tolling on the nation’s highways to raise the much needed funds to maintain the roads. The Minister of Power, Works and Housing, Mr. Babatunde Fashola, stated this while addressing members of the Manufacturers Association of Nigeria, who visited him in his office in Abuja.

Fashola said that the tolling system would only be introduced to road projects that had been completed by the government. The minister, according to a statement by the Director of Information in the ministry, Mohammed Ahmed, also said the government would spend N100 billion to be raised from the issuance of the sukuk bond for the reconstruction and rehabilitation of 25 arterial roads.

Fashola gave some of the prioritised road projects as the dualisation of Ibadan-Ilorin road, Suleja-Minna road, Kano-Maiduguri road and Lokoja-Benin road, as well as the rehabilitation of the Enugu- Port-Harcourt Expressway and the construction of the Kaduna Eastern Bypass. The statement read in part, “The Federal Government is reconstructing and rehabilitating 25 arterial roads with an aggressive plan to spend about N16.7 billion for each geopolitical zone across the country…”

Photo Credit: Getty

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