FEC approves N126bn for 12 road projects

The federal executive council (FEC) on Wednesday approved the award of N126 billion for the construction of 12 road projects.

Babatunde Fashola, the minister of power, works and housing, made this known while briefing state house correspondents after the FEC meeting.

Fashola said the projects were spread across Kano, Bauchi, Adamawa, Kwara, Gombe, Enugu, Kaduna and Bauchi states.

He said: “Contractors who have been owed for two, three years before Mr President was elected are back in various states, they recalled back their workers and as they are purchasing gravel, cement; the economy is on its way back with a bend.

“Every place in all of those states, once we mobilise the contractors, the money is kept in those states.

“Most of the workers who drive the trucks, who fix the roads that you see are indigenes of those states and so, they aggregate to the total output from each of those states to the national productivity and national recovery.”

 

 

Source: The Cable

Categories Finance and Economy