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: 595


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...
Abia State Police assures of peaceful yuletide

Federation Cup: FC Ifeanyi Ubah, Rivers Angels bundled...

NNPC new GMD Kyari assumes office today

Governor Ikpeazu Congratulates Wike and Umahi Over Supreme...

Isiala Ngwa North Killing: Go After The Arsonists,...

Secure residence before moving to Lagos, Nigerians told...

JONATHAN’S GOVT PROVOKED SOLDIERS INTO MUTINY —BUHARI

Court rejects case against Anglican Bishop in Lagos...

12,000 Nigerians in Libya prisons, stranded

‘You Are Yet To Publicly Declare Your Assets,’...

Abia Traditional rulers honor Governor Ikpeazu

Oyegun Urged to Abide By Court Order in...
News Abia Election Special (5) Abia Supplementary Polls Update (18) Abia Supplementary Result update (22) Appointments (11) Breaking News (205) Business (51) Campus News (5) Crime (176) Economy (130) Education (155) Entertainment (171) Fashion and Style (4) General (1139) Health (120) Inside Africa (45) International News (310) Interviews (36) National (2049) Politics (1186) Press Releases (144) Religion (10) Security (156) Sports (457) Technology (29) World News (87)

 

 

Advertisement

 

Latest News #AbiaAt28: We will uphold goals of our founding fathers -Ikpeazu Stop using security agencies to silence Nigerians, Soyinka tells FG Kenya Census: Country becomes 1st in Africa to recognize intersex people Linda Adedeji throw shade at Linda Ikeji, Baby mamas, says they have no life 5 persons kidnapped in Kaduna by Gunmen in Arrmy uniform Ministers were not barred from direct access to Buhari - Presidency Disregard Ihedioha’s petition against me, Okorocha urges IGP Lampard wins first Premier League match as Chelsea defeats Norwich with 3 goals FG to establish Transport university in Buhari's town - Amaechi Nnamdi Kanu vows to disgrace Buhari in Japan

 

Most Read Islamic agenda for Nigeria – Pastor Bosun (25,557 views) 47 YEARS AFTER, HIS EXCELLENCY, COMMODORE EBITU UKIWE (Rtd) MAKES THE “OFO NDI IGBO” RECIPIENTS LIST (21,592 views) The show of shame that sealed Justice Uzokwe’s fate (18,062 views) Breaking News : Dr Okezie Ikpeazu resigns from Abia State Environmental Sanitation Agency (ASEPA). (8,948 views) Abiriba Kingdom Celebrates as Eze Kalu Kalu Ogbu (IV) marks 14th year on the throne (8,248 views) Lawyers accuse Lagos Police of working for PDP (7,950 views) Ebola virus in Syria – Infecting ISIS members (7,857 views) Radio Biafra delivers AM Transmitter (7,681 views) Cojoined Twins Abby And Brittany Hensel Pose in Bikini (7,580 views) ‘Why fuel scarcity persists’ (7,051 views)