The NNPC Ltd is to invest the money in the reconstruction of the roads under the tax credit policy.
The Federal Executive Council has approved the recommendation for the Nigerian National Petroleum Corporation Limited to invest N1.9 trillion in the reconstruction of 44 federal roads under the tax credit policy.
Mr Osinbajo’s spokesperson, Laolu Akande, briefed State House correspondents on behalf of the Minister of Works and Housing, “So, the council approved the proposal by the Ministry of Works and Housing for the reconstruction of 44 proposed federal roads with a total length of 4,554 kilometres in the total sum of N1.9 trillion.’’He said that roads were spread across the country.
“The roads that will be under this first phase are the Benin-Asaba corridor, Abuja-Lokoja-Onitsha-Owerri-Aba, Shagamu-Benin, Abuja-Keffi-Akwanga-Makurdi, Kano-Maiduguri, Enugu-Port Harcourt, Lagos-Ota-Abeokuta and Lagos-Badagry-Seme.’’
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