FG returns tollgates, approves N46bn

The Federal Government on Wednesday announced plans to ensure the return of tollgates on federal highways.

The tollgates were abolished in 2003 by the administration of ex-President Olusegun Obasanjo.

The Minister of Works and Housing, Babatunde Fashola, stated this while briefing State House correspondents on the outcome of the Federal Executive Council meeting presided over by President Muhammadu Buhari in Abuja.

According to him, FEC also gave approval for the repairs and rehabilitation of two road contracts that were awarded by the previous administration of President Goodluck Jonathan but without being cash-backed from N30.3bn to N46bn.

The new cost was in consonance with the reality of economic rates, market price indices for roads inputs such as cement, iron rods, diesel, petrol and lubricant and the changes in prices between 2010 and now.

Fashola said, “The first one is Ibadan-Lagere-Ilesha Bypass 22km and the contract was awarded in 2010, no budgetary funding and so the rate has become obsolete.

“The contractor wants new rate and that has necessitated the revision of the rate by N3.17bn. The old contract of N6.7bn has moved now to N9.8bn.