Nigeria Approves N610 Billion for Roads and Military Housing
The Federal Government of Nigeria approved over N610 billion for national road infrastructure and the purchase of 600 housing units for Armed Forces personnel.
The Federal Government of Nigeria approved contracts and public-private partnership concessions exceeding N610 billion for national road infrastructure during a Federal Executive Council meeting on Wednesday. The initiative aims to reduce infrastructure deficits by reconstructing, rehabilitating, and upgrading major federal roads using private-sector capital.
Among the specific approvals, the Council ratified a N159.826 billion contract awarded to CBC Global Civil & Building Construction Nigeria Limited for the reconstruction of the Ado-Ekiti–Iyin–Aramoko–Itawure–Osun State border road. The government also approved a N54.118 billion variation order for a separate road project.
In addition to infrastructure, the government authorized the direct purchase of 600 four-bedroom terrace duplexes at Bristol City Development in Life Camp, Abuja, for Armed Forces personnel. This purchase is part of a larger strategic goal to deliver 10,000 housing units to improve the welfare and living conditions of military personnel.