Kyari leads NNPC officials, others on inspection of N621bn road projects

NNPC LTD Group CEO, Mallam Mele Kyari; Management of Federal Ministry of Works and Housing, Federal Inland Revenue Services; Emir of Bida, HRM (Dr.) Yahaya Abubakar; Emir of Agaie, HRM Muhammadu Kudu Abubakar and other Emir during the inspection tour of Bida-Lambata critical road funded by NNPC LTD under the FG Road Infrastructure Tax Credit Scheme (RITCS)

The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd, Mele Kyari on Thursday led top officials of the National Oil Company and other stakeholders on an inspection tour of the N621 billion road projects being implemented by the Company across the country.

The NNPC Boss commenced the inspection tour with a trip to Niger State where he carried out an assessment of the reconstruction of Bida Lambata road in the state.

The length of the road is 124.81km which commenced from Lambata town passing through Lapai–Agaie and terminating at Bida.

The project is one of the critical road infrastructure currently being funded by the NNPC Ltd under the Federal Government road infrastructure tax credit scheme.

Recall, that the NNPC Ltd had in October last year expressed interest to invest in the reconstruction of selected federal roads in order to sustain a smooth supply and distribution of petroleum products across the country.

The road construction project which is being executed under the tax credit scheme is funded by the NNPC through the Federal Inland Revenue Service in accordance with President Muhammadu Buhari’s executive order 007.

Under the programme, the NNPC will construct a total of 1,804.6 kilometres of roads at a total cost of N621,237,143,897.35.

To fast-track the execution of the project, the NNPC had on December 21 last year presented the symbolic cheque of N621 billion to the Ministry of Works and Housing for the construction of 21 selected roads across the country.

A breakdown of the project funding showed that the North-Central geo-political zone got the highest chunk of N244.87bn for the construction of 791.1 kilometres of roads.

The North-Central is made up Benue, Federal Capital Territory, Kogi, Kwara, Nasarawa, Niger, and Plateau State.

The South-South geo-political zone emerged the second highest beneficiary of the NNPC Road Infrastructure Development and Refurbishment project with the sum of N172.02 billiion for a total of 81.9 kilometres of road.

The zone is made up of Akwa-Ibom, Bayelsa, Cross-River, Delta, Edo, and Rivers State.

The South-West followed with a total allocation of N81.87 billion for the construction of 252.7 kilometres of roads.

The region is made up of Ekiti, Lagos, Osun, Ondo, Ogun, and Oyo State.

Similarly, the NNPC allocated the sum of N56.12bn to the North-East for the construction of 273.35 kilometres of roads under the scheme.

The States expected to be covered under this zones are Adamawa, Bauchi, Borno, Gombe, Taraba, and Yobe.

For the South-East geo-political zone, the sum of N43.28bn was earmarked for the construction/rehabilitation of 122 kilometres of road.

The zone is made up of five States and they are Abia, Anambra, Ebonyi, Enugu, and Imo.

Further breakdown of the NNPC schedule showed that the North-West geo-political zone which is made up of Kaduna, Katsina, Kano, Kebbi, Sokoto, Jigawa, and Zamfara got the least allocation.

The zone was allocated the sum of N23.05 billion for the rehabilitation of 283.5 kilometres of road.