The Federal Government is now set to reintroduce toll collections on some selected dual carriageways across the country. Minister of Works and Housing,
“Now, when will it start? First of all, the tolls will not start until roads are motorable. So let’s be clear about those.
Stating that the government also approved that consultations must be done, Fashola said willingness to pay surveys must be done before specific roads are tolled. He said the ministry also got approval that the toll will be used to maintain roads, to construct new roads as they accrue and also to pay the investors who invest in building or completing a road and then take a concession on it.
“Well, how did we get here? We met with a lot of people, we met with government agencies first of all, but more importantly, we met with private sector and organised labour. Fashola noted that the ministry also recommended that people who live around toll plaza areas will benefit from what is called frequent user discounts so that because they will be mostly impacted, unlike people who just pass once in a while, saying it is global best practice around the world.
“So the start off tolls that we have for financial modelling and investment decision making, cars will pay N200, SUVs and Jeeps will pay N300, private busses will pay N300, commercial buses will pay N150, luxury buses and trucks will pay N500.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Govt Will Redress Inequalities In Niger Delta, Says AkpabioMinister of Niger Delta Affairs, Senator Godswill Akpabio, has expressed the federal government's commitment to redressing inequalities in the Niger Delta
Read more »
Federal Govt Set To Float Research, Devt FoundationAs TETFund gets draft Bill The Tertiary Education Trust Fund, (TETFund), has received the draft executive Bill for the establishment of the National
Read more »
Federal Govt May Lift Twitter Suspension Soon - MinisterThe federal government, on Wednesday, hinted that the suspension of Twitter operations in Nigeria will soon be lifted following the agreement that has
Read more »
Plateau Govt Seeks N102bn For Agric, Tourism, Solid Minerals DevtThe Plateau State government has approached the Revenue Mobilisation Allocation and Fiscal Commission, (RMAFC), for a release of N102 billion for
Read more »
Agriculture can be source of livelihood, sustain Nigerian youths - Plateau GovtTo mark the 2021 World Youth Day, the Plateau State government has mobilised 70 youths from the 17 Local Government Areas of the state to be sensitised on
Read more »
BREAKING: Twitter bows to Nigerian govt, agrees to open office in NigeriaThe Federal Government on Wednesday said that Twitter has agreed to open its office in Nigeria in 2022. The Minister of Information and Culture, Lai
Read more »