The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd, Mele Kyari on Thursday led top officials of the National Oil Company and other stakeholders on an inspection tour of the N621bn road projects being implemented by the Company across the country.
The NNPC Boss commenced the inspection tour with a trip to Niger State where he carried out an assessment of the reconstruction of Bida Lambata road in the state.
The length of the road is 124.81km which commenced from Lambata town passing through Lapai – Agaie and terminating at Bida
The project is one of the critical road infrastructures currently being funded by the NNPC Ltd under the Federal Government road infrastructure tax credit scheme.
Recall, that NNPC Ltd had in October last year expressed interest to invest in the reconstruction of selected federal roads to sustain a smooth supply and distribution of petroleum products across the country.
The road construction project which is being executed under the tax credit scheme is funded by the NNPC through the Federal Inland Revenue Service by President Muhammadu Buhari’s executive order 007.
Under the programme, the NNPC will construct a total of 1,804.6 kilometres of roads at a total cost of N621,237,143,897.35.
To fast-track the execution of the project, the NNPC had on December 21 last year presented the symbolic cheque of N621bn to the Ministry of Works and Housing for the construction of 21 selected roads across the country.
A breakdown of the project funding showed that the North-Central geo-political zone got the highest chunk of N244.87bn for the construction of 791.1 kilometres of roads.
The North-Central is made up of Benue, Federal Capital Territory, Kogi, Kwara, Nasarawa, Niger, and Plateau State.
Culled from The Whistler excluding the headline
