FG Approves N734bn for Oyo-Ogbomoso Road and Three Other Major Projects
The Federal Government of Nigeria has approved a total of N734 billion for the rehabilitation and construction of the Oyo-Ogbomoso Road and three other critical infrastructure projects across the country. This decision was announced following the Federal Executive Council (FEC) meeting, reflecting the government’s commitment to improving road infrastructure and boosting economic activities.
Breakdown of the Approved Projects
The approved funds will be allocated to the following projects:
1. Oyo-Ogbomoso Road Expansion – This major road, which serves as a crucial link in the South-West transport network, will receive a significant portion of the budget for its expansion and reconstruction. The project aims to ease traffic congestion and improve road safety.
2. Abuja-Kaduna-Zaria-Kano Road Rehabilitation – This heavily traveled highway will undergo extensive repairs to enhance connectivity between the North and the Federal Capital Territory (FCT).
3. Lagos-Calabar Coastal Highway – A key project aimed at improving transportation along Nigeria’s coastal corridor, fostering economic development, and enhancing trade routes.
4. Enugu-Onitsha Expressway – This vital roadway, which connects the South-East region, will be upgraded to facilitate smoother travel and support regional commerce.
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Government’s Commitment to Infrastructure Development
The approval of these projects aligns with the government’s broader strategy to modernize Nigeria’s transport system and stimulate economic growth. The Minister of Works and Housing emphasized that these road projects would not only improve accessibility but also create thousands of jobs across various sectors, including construction, transportation, and commerce.
With this investment, the government aims to enhance road safety, reduce travel time, and promote economic development in the affected regions. The move has been widely welcomed by industry stakeholders and road users, who have long advocated for better infrastructure to support Nigeria’s growing population and economy.
Source : Swifteradio.com
