OSBC Osun State Broadcasting Corporation
Minister of Works and Housing, Babatunde Fashola, on Thursday, flagged-off the 49km dilapidated Akure/Ado-Ekiti road, saying the new road which will be dualised will cost N90billion.
The minister, while speaking during the event, said the approval of the contract for the construction of the road is in line with the present administration’s commitment to addressing infrastructural deficit in the country.
The minister assured that the construction of the Akure/ Ado-Ekiti which linked the two states will stimulate economic growth, commerce and the ease of doing business between the two states and other neighbouring states.
According to the Minister, the Buhari’s administration decided to give attention to the road because the road has outlived its service lifespan, which responsible for the several failed sections, multiple cracks and washouts at different sections of the road.
He however, disclosed that because of the inadequate funding of infrastructure experienced under the present administration, the road construction project would be financed by the NNPC/FIRS road Infrastructure Tax Credit Scheme.
The Minister said the Akure/Ado Ekiti road would be adequately catered for from the second phase of the NNPC Tax Credit Scheme, which is meant for funding of critical infrastructure development in the country.
