Federal Roads, Bridges Construction in Oyo State: Local Contractors to Be Given Opportunities
.....2022 Sukuk, NNPC Tax Credit Scheme and 2023 Budget to tackle Road Funding Challenges-Fashola
The Honourable Minister of Works and Housing, Mr. Babatunde Raji Fashola, SAN has said that local contractors in Nigeria needed to be given opportunities in federal highways and bridges construction. He made the remark during his assessment tour of some federal roads and bridges under construction in Oyo and Osun States
Fashola said, “If you don’t give local contractors the opportunities, they can’t acquire the experience and the equipment. I have pointed out some areas where I think the contractors can improve upon. They are not structural but aesthetics. So far so good the standard has not been compromised but to have some equipment for smooth finishing on some concrete works, they just have to improve. However, Mr. President is committed to engage local contractors. That is the purpose for Executive Order No.7, i.e. Local Content and Contractor participation on Road Infrastructure Development."
During the inspection tour of rehabilitation of outstanding sections of Iseyin- Okeho Road including two bridges in Oyo State, he promised the local contractor handling the road, Messrs. HMF Construction Ltd that when 2023 budget and 2022 Sukuk are being considered government would be able to accommodate the 4 billion naira needed by the contractor to complete the remaining part of the construction works on the road.
The Minister charged Messrs. Kopek Construction Company, the contractor on the reconstruction of Ibadan –Ife-Ilesha Dual Carriageway in Oyo /Osun States not to stop work and to make some sections of the road motorable during the ember months.
While inspecting the dualization of Oyo – Ogbomosho Road, he remarked, “Relief will soon come the way of the road users, though the rainy season has slowed down the construction works on the project, the earthworks will improve as soon as the rains subsides."
He said dualization of the road is being funded through Sukuk and the NNPC Tax Credit Scheme for Roads, therefore, there wouldn’t be funding challenge in delivering the road at the time due.
Fashola said the importance of road infrastructure cannot be underestimated as it affects our businesses, the number of times spent on the road while going to work or school and everywhere roads are built the land value appreciated. He enjoined commuters not to abuse the roads and maintain road speed limits when the roads are completed.
Oba Rafiu Adeitan II, the Onjo of Okeho who approached the Minister during the inspection visit within his jurisdiction, thanked him for the good job the contractor is doing on Iseyin- Okeho Road. The king pleaded with the Honourable Minister to include the road that leads to Ayegun border from his domain in the project because of the economic importance of the border to his area.
The Minister was accompanied on the inspection visit to the various projects in Oyo State by the Director of Highways, Construction and Rehabilitation, Ministry of Works and Housing Engr. Folorunsho Esan, the Zonal Director South West in the Ministry, Engr. Ademola Kuti and Federal Controller of Works, Oyo State, Engr. Kayode Ibrahim and others.
FASHOLA, PETERSIDE, YAKASAI, OTHERS AT THE NICHE'S 2022 ANNUAL LECTURE WITH THE THEME "2023 ELECTIONS AND THE FUTURE OF NIGERIA'S DEMOCRACY" IN LAGOS
Hon. Minister of Works and Housing & Guest Speaker, Mr Babatunde Fashola,SAN (right),Chairman of the occasion, Alhaji Tanko Yakasai (2nd right), Jean Monnet Professor of Strategy and Development & Moderator, Prof. Anthony Kila (2nd left) and Royal Father of the Day, HRM Eze Chidume Okoro (UGOAMANO) (left) in a group photograph shortly after The Niche's Annual Lecture with the theme,
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