The Minister of Works and Housing, Babatunde Fashola, on Thursday, revealed that the problem of insufficient funds and the increasing price of construction materials were the only issues delaying the completion of the Lagos-Ibadan Expressway
Speaking further, the former Lagos governor disclosed that the construction of the Lagos-Abeokuta Expressway had received funding of N7 billion from the new Sukuk bonds assuring that the pains of Ogun residents would be alleviated soon.
“Again, contractors had abandoned the site when we came and we revived and we are putting the Sukuk into it and the last Sukuk has about N7 billion in it. So, we don’t have all the money to build it. I understand there is more pain on the Ogun side but the Lagos side work is going because the contractor is constructing from Lagos to Ogun.
He stated, “First, we have to understand that out of about 200,000 plus kilometers, the total quantity of roads that would be under the tolling policy approved by the government will be only five per cent, so it is not such a high volume of roads.
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