Nigeria: FEC Approves N787.14bn, $651.7mn for Major Road Projects, Dam Rehabilitation

FCDA diverts traffic for road project - Daily Trust

The Federal Capital Development Authority (FCDA) has announced a temporary traffic diversion to enable the construction of an interchange bridge along a segment of the Inner Southern Expressway (ISEX), beginning yesterday. The diversion affects the stretch of a road from Herbert Macaulay Way, just after Abuja International Conference Centre (AICC), to the junction near the National Defence College. It also covers the Herbert Macaulay Way/Moshood…

Nigeria approves $652m China Exim Bank road finance package

Nigeria has approved a $652m (R11.88bn) China Exim Bank funding package for construction of a road to move goods from a sea port and petroleum refinery on the edge of its main city Lagos to its southern states, says public works minister David Umahi.

Nigeria: FEC Approves N787.14bn, $651.7mn for Major Road Projects, Dam Rehabilitation

·Mulls establishment of cocoa management board

Tinubu Cabinet Approves $652m China-Backed Road Project Linking Lekki Port To Southern States

The Federal Executive Council (FEC) has approved a $652 million financing facility from China Exim Bank for the construction of a key road corridor that will connect the Lekki Deep Sea Port and Dangote Refinery complex to multiple southern Nigerian states. The funding, approved during the FEC meeting chaired by President Bola Tinubu, is aimed […] The post Tinubu Cabinet Approves $652m China-Backed Road Project Linking Lekki Port to Southern Stat…

FG Approves N1.8tn Road Projects, New Contracts

The Federal Executive Council on Monday approved the rescoping of old highway contracts and new reads worth about N1.81tn, consisting of N760.4bn in naira-denominated projects with a separate $651.7m (N1.05tn) facility for the 7th Axial Road linking the Lekki Deep‑Sea Port to Sagamu‑Ore.This also includes the Aba‑Ikot‑Ekpene Road, whose first phase was ratified at N30.23bn alongside nine other corridors spread across 12 states.The Minister of Wo…

FEC Approves $651.7 Million For 7th Axial Road Project Linking Lekki Deep Seaport To Southern, Northern States  - Thepodiummedia

The Federal Executive Council (FEC) has approved a total of $651.7 million for the construction of the 7th Axial Road, a critical evacuation corridor linking the Lekki Deep Seaport to major transportation routes serving southern and northern Nigeria. The Minister of Works, David Umahi, made the disclosure on Monday following the conclusion of the FEC meeting held at the Presidential Villa in Abuja. Umahi stated that the road, which includes 50 k…