BREAKING: Buhari signs executive order allowing private companies to build federal roads

By Admin on 25/01/2019

Share on facebook Yahoo mail icon Gmail icon

Views: 382


President Muhammadu Buhari has signed and executive order allowing private companies build federal roads in the country.

The Executive Order 007 2019, signed by the president, is on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.

The president signed the order on Friday inside the council chamber of State House, Abuja.

The new order will allow private companies such as the Dangote Group, Unilver, and Lafarge Africa construct major roads across the country and be paid in the form of tax credit.

Nigeria ranks 11th on the list of countries with the world’s worst road quality and network, according go the Global Competitive Index of 2018.

Between 2017 and 2018 Nigeria scored 2.5, worse than neighbouring Cameroon which scored 2.6.

Under federal laws, public roads are constructed and maintained by the government, but poor funding has seen key roads left unattended to for years, causing car accidents.

 

 

Posted on January, 25 2019

Share on facebook Yahoo mail icon Gmail icon


You may also like...
Buhari Has No Hands In Saraki’s Ordeal –...

Paris Club Refund: Abia Prioritize Payment of Pensioners,...

Phil Jones ruled out for up to three...

FFK loses mother inlaw

BREAKING: Supreme Court Strikes Out Magnus Abe’s Suit...

Maina: I want open trial or nothing –...

Olivier Giroud double puts Arsenal into quarter-finals

Ikpeba denies making that "Buhari Comment"

Seized $9.3 million: Nigerian officials blame U.S. for...

Prepare for long strike, ASUU tells members

March 12,ABSU Beheading : Abia State Government Parades...

Evans: Wife shares her own side of the...
News Abia Election Special (4) Abia Supplementary Polls Update (18) Abia Supplementary Result update (22) Appointments (8) Breaking News (199) Business (48) Campus News (5) Crime (135) Economy (116) Education (134) Entertainment (150) Fashion and Style (3) General (897) Health (111) Inside Africa (41) International News (306) Interviews (28) National (1984) Politics (1059) Press Releases (121) Religion (9) Security (133) Sports (432) Technology (26) World News (87)

 

 

Advertisement

 

Latest News I was attacked by military men because I spoke against a government- Omotola Sri Lanka terror attack: Death toll hits 310 Our position on hoodlums, sex workers has not reversed - Abia govt Osun: A'Court hears Oyetola’s appeal against Adeleke, PDP on Wednesday I’m not sleeping on duty – President Buhari replies Bishop Mamza Oshiomhole, Tinubu behind Akeredolu’s suspension from APC – Ondo gov’s aide Gov. Obiano's Aide rejects suspension, says it's unconstitutional and illegal Insecurity: Benue Govt declares 24hrs curfew in Kastina-Ala LGA Justice Okon Abang withdraws from Okorocha's suit Keke: Abia Government appeals for support and understanding

 

Most Read Islamic agenda for Nigeria – Pastor Bosun (24,810 views) 47 YEARS AFTER, HIS EXCELLENCY, COMMODORE EBITU UKIWE (Rtd) MAKES THE “OFO NDI IGBO” RECIPIENTS LIST (18,546 views) The show of shame that sealed Justice Uzokwe’s fate (17,737 views) Breaking News : Dr Okezie Ikpeazu resigns from Abia State Environmental Sanitation Agency (ASEPA). (8,188 views) Lawyers accuse Lagos Police of working for PDP (7,588 views) Ebola virus in Syria – Infecting ISIS members (7,498 views) Abiriba Kingdom Celebrates as Eze Kalu Kalu Ogbu (IV) marks 14th year on the throne (7,480 views) Radio Biafra delivers AM Transmitter (7,333 views) ‘Why fuel scarcity persists’ (6,522 views) Cojoined Twins Abby And Brittany Hensel Pose in Bikini (6,368 views)