The Federal Executive Council (FEC) on Wednesday approved N38.4 billion for the completion of some inherited road projects in five states of the federation.
Minister of Works and Housing, Babatunde Fashola made this known when he briefed State House correspondents at the end of the Council meeting, presided over by President Muhammadu Buhari on Wednesday in Abuja.
He said the benefiting states include Benue, Bayelsa, Anambra, Imo and Nasarawa.
He added that all the affected projects were inherited from previous administrations.
“They are not new projects, they are projects that we inherited and we are trying to complete. So essentially they relate to cost revision because of the ages of the contracts and the prices of goods that have changed.
“The first one was the contract for a 13.5km spur of road from Onitsha-Owerri road through Okija-Ihembosi-For Ugbor to Ezinifite in Nnewi South Local Government Area of Anambra.
“That contract was awarded in 2011 but wasn’t funded until this administration came in so the contractor is asking us to revise the contract by a review of N488, 980, 891 and an additional completion period of six months and the council approved that review of price and the extended completion period,’’ he said