Nigeria’s national oil company to spend $4bn building roads
21 January 2023
Abuja, capital of Nigeria, is set to benefit from two rehabilitated transport corridors Nigeria’s Federal Executive Council this week approved the Nigerian National Petroleum Company’s plan to invest $4.1bn on the reconstruction of 44 highways, according to reports in the Nigerian press.
The council, which acts as the Nigerian president’s cabinet, said the work would be carried out under the government’s Road Infrastructure Development and Refurbishment Investment Tax Credit Policy.
This was signed into law in 2019 with the intention of attracting private capital to road projects.
The plan envisages the reconstruction of some 4,500km of federal highways.
The council also approved 25-year concessions on nine corridors connecting the country’s main population and economic centres.
A spokesperson for vice president Yemi Osinbajo told journalists after the council meeting that the roads chosen included those between Benin and Asaba, Benin and Abuja, Abuja and Makurdi, Kano and Maiduguri, Enugu and Port Harcourt, Lagos and Abeokuta, and Lagos and Seme.
Related
-
Dewa opens bids for MBR Solar Park phase seven
7 August 2026
-
Webuild awarded €803 million contract for Genoa Undersea Road Tunnel
7 August 2026
-
AboitizPower and KHNP sign MOU for nuclear energy cooperation in the Philippines
7 August 2026
-
Three groups bid for $5bn Asir-Jizan highway
4 August 2026
-
Larsen & Toubro announces EPC agreement with PDO
3 August 2026
-
Azerbaijan seeks interest for wastewater PPP
1 August 2026


京公网安备
11010802030424号
京ICP备19046776号-2