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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

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    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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FG set to complete Lagos-Ibadan Expressway in 2022

by Julius Afolalu
June 4, 2020
in Headlines
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FG set to complete Lagos-Ibadan Expressway in 2022
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The Federal Government has expressed readiness to complete Lagos-Ibadan Expressway in the first quarter of 2022.

The Minister of Works, Mr. Babatunde Fashola said this in an appearance on Channels Television’s Politics Today on Thursday.

Lagos Today recalled that The road project, awarded to Julius Berger Nigeria and Reynolds Construction Company Limited (RCC), at a sum of 167 billion naira, was earlier scheduled to be finished in 2021.

It also learnt that The Lagos-Ibadan Expressway is part of projects funded under the Presidential Infrastructure Development Fund, while Other projects under the fund include the Second Niger Bridge and the Abuja-Kaduna-Kano Highway

Fashola said that the delay was due to the coronavirus pandemic, which has slowed construction activities and affected government revenues.

He confirmed all three projects are expected to be delivered in the first quarter of 2022.

“As I speak to you now, we have lost essentially the prime of our working period which is the dry season in the Covid period,” he said. “We have to regain and recover all of that.

“We have also lost some of our expected revenue plans. At the time Covid hit Nigeria, we were doing 2.59 percent growth rate. Now we are heading for a recession globally and Nigeria will not be insulated from that.

“We are working on plans to bring the economy back on track.” He said.

The Minister noted that earnest efforts were made to resume once the federal government started to lift restrictions while work was suspended during the coronavirus lockdown.

“Some 11 contractors executing 53 projects in 26 states were remobilised back to site in the first week of the easing of the lockdown.

“We had to work with the Governor to allow men and materials to move.

“We also had to develop new safety guidelines for the construction”He said.

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