NNPC Plans To Rebuild Badagry Expressway Under Tax Credit Scheme

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Nigerian National Petroleum Corporation (NNPC) has resolved to rebuild the Badagry Expressway under the Federal Government’s Tax Credit Scheme.

The Controller of Works in Lagos, Olukayode Popoola, dropped the hint in Lagos, saying that NNPC had said that it would utilise the government’s TCS to rebuild some of the bad roads in the country in line with Mr President’s Executive Order 7.

The Lagos State Government is responsible for the Iganmu–Okokomaiko section of the highway, while FERMA is handling Okokomaiko–Agbara axis of the road.

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Popoola explained: “Lagos-Badagry Expressway project is part of the projects NNPC is funding under the Tax Credit Scheme among the 21 roads selected nationwide. So, it is going to receive a lot of attention more than what it has been receiving before. This month, give us like another one week more, NNPC funds will be on the road, you will see the effect in a week’s time.

“The contractors are on site and have never left, so, if this fund comes now, it is another way of strengthening them and they will move faster.”

He added that the funds were already available but that NNPC was perfecting documentation towards mobilising fully to the site, citing that in a couple of days, the corporation should be done with documentation.

However, the controller did not reveal the total sum voted for the highway, stating that the road construction would be evaluated the same way the SUKUK funds were monitored for monies to be released based on the valuation of the actual construction done on the site per time.
– Parrot

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