Babatunde Fashola, Minister Power, Works And Housing
Babatunde Fashola, Minister Power, Works And Housing

The Federal Executive Council, FEC has approved eight point two billion naira for the completion and construction of roads across the country.

The Minister of Works and Housing Babatunde Fashola, who announced this at the end of the meeting, said two of the approvals were to revise the estimates of cost to enable contractors continue work.

He said the Council also approved five hundred and nineteen million naira revision of contract sum of Oba-Nnewi-Okigwe road to cater for changes in cost of materials as the project was awarded in 2009, adding that the contract sum was revised from three point seven billion naira to four point three billion naira.

He announced that that the council approved a revision from nine point billion naira to eleven point two billion naira saying the revised cost was over two billion naira.

Responding on the poor state of roads nationwide against series of approvals by the Council, Fashola identified budget funding gaps as factor responsible for the inability of the ministry to complete some road projects in the last four years.