The Nigerian National Petroleum Company Limited (NNPC)has revealed the cost of the 21 roads it plans to rehabilitate under the Federal Government Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme in pursuant to Presidential Executive Order 007 of 2019.
Following the approval by the Federal Executive Council (FEC), the company has concluded plans to construct a total of 1,804.6km of roads at a total cost of N621,237,143,897.35 (Six Hundred & Twenty-One Billion, Two Hundred & Thirty-Seven Million, One Hundred & Forty-Three Thousand, Eight Hundred & Ninety-Seven Naira, Thirty-Five Kobo).
The breakdown is as shown below in a statement issued by Mr. Garba Deen Muhammad, Group General Manager, Group Public Affairs Division of the NNPC.
S/No | ZONE | KMs TO BE COVERED | COST (BILLION NAIRA) | |
1. | North Central | 791.10 | 244,872,518,149.29 | |
2. | North East | 273.35 | 56,126,741,692.11 | |
3. | North West | 283.5 | 23,057,338,426.61 | |
4. | South East | 122.0 | 43,281,895,080.04 | |
5. | South South | 81.9 | 172,027,737,903.32 | |
6. | South West | 252.7 | 81,870,912,645.98 | |
Total | 6 Zones | 1,804.6km | N621,237,143,897.35 | |
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