Projects that proceeds of the N100bn Sukuk bond will be spent on have been revealed.
Minister of Power, Works and Housing, Babatunde Fashola, had said that the federal government would spend the money on reconstruction and rehabilitation of 25 arterial roads
Below is full list of the projects in order of title, amount and estimated delivery date.
1. Construction of Oju/Loko-Oweto bridge over River Benue to link Loko (Nasarawa state) and Oweto (Benue state) along route F2384
N144,708,134.18
December 2017
2. Dualisation of Abuja-Abaji-Lokoja road section I (international airport link road junction) – Sheda village
N3,000,000,000.00
March 2018
3. Dualisation of Suleja-Minna road in Niger state phase II (km 40+000-km101+000)
N3,521,958,532,49
April 2018
4. Dualisation of Abuja-Abaji-Lokoja road: Section IV Koton Karfe-Lokoja in Kogi state
N3,500,000,000.00
January 2018
5. Dualisation of Lokoja-Benin road: Obajana-Okene in Kogi state
N2,500,000,000
January 2018
6. Dualisation of Kano-Maiduguri road linking Kano-jigawa-Bauchi-Yobe
N4,166,666,666.67
March 2018
7. Dualisation of Kano-Maiduguri road linking Kano-Jigawa-Bauchi-Yobe and Borno states. Section III (Azare-Potiskum) in Bauchi
N3,500,000,000.00
December 2017
8. Dualisation of Kano-Maiduguri road linking Kano-Jigawa-Bauchi-Yobe and Borno states. Section IV (Potiskum-Damaturu road) in Yobe
N4,000,000,000.00
December 2017
9. Dualisation of Kano-Maiduguri road linking Kano-Jigawa-Bauchi-Yobe and Borno states. Section V (Damaturu-Maiduguri)
N5,000,000,000.00
June 2018
10. Dualisation of Kano-Maiduguri road linking Kano-Jigawa-Bauchi-Yobe and Borno states. Section I (Kano-Wudil-Shuari) in Kano
N5,000,000,000.00
June 2018
11. Dualisation of Kano-Katsina road phase I, Kano town at Dawanau roundabout to Katsina border in Kano
N3,000,000,000.00
September2018
12. Construction of Kano western bypass as an extension of dualisation of Kano-Maiduguri road section I
N4,000,000,000.00
May 2018
13. Construction of Kaduna eastern bypass
N4,666,666,666.67
January 2018
14. Rehabilitation of outstanding section of Onitsha-Enugu expressway: Amansea-Enugu border
N5,166,666,666,67
December 2017
15. Rehabilitation of Enugu-Port Harcourt dual carriage section I: Lokpanta-Umuahia in Abia
N4,000,000,000.00
March 2018
16. Rehabilitation of Enugu-Port Harcourt dual carriage sectionII Umuahia tower-Aba township rail
N3,750,000,000.00
December 2017
17. Rehabilitation of Enugu-Port Harcourt road section III: Enugu-Lokpanta
N3,750,000,000.00
December 2017
18. Rehabilitation of Enugu-Port Harcourt road section IV: Aba-Port Harcourt in Rivers
N3,500,000,000.00
July 2018
19. Dualisation of Yenegwe road junction-Kolo-Otuoke-Bayelsa palm in Bayelsa
N3,500,000,000.00
July 2018
20. Dualisation of Lokoja-Benin road: Obajana junction-Benin section II phase I: Okene-Auchi, Kogi/Edo states
N3,000,000,000.00
December 2017
21. Dualisation of Lokoja-Benin road: Obajana junction-Benin section III phase I: Auchi-Ehor in Edo
N3,166,666,666.67
June 2018
22. Dualisation of Lokoja-Benin road: Obajana junction-Benin section IV phase I: Ehor-Benin city, Edo state
N3,500,000,000.00
December 2017
23. Reconstruction and asphalt overlay of Benin-Ofosu-Ore-Ajebandele-Shagamu dual carriageway phase IV
N6,000,000,000.00
December 2017
24. Reconstruction of outstanding section of sections of Benin-Ofusu-Ore-Ajebandele-Shagamu dual carriageway phase III
N5,000,000,000.00
December 2017
25. Dualisation of Ibadan-Ilorin road. Section II: Oyo -Ogbomosho road in Oyo
N5,666,666,666.67
December 2017
TOTAL – 100,000,000,000.02
via: INFORMATION NIGERIA
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