FG okays completion of Enugu-Onitsha Expressway with MTN’s N202.8bn tax  

The Federal Executive Council (FEC) has approved the completion of the ongoing Enugu-Onitsha expressway by MTN Nigeria Plc, a telecommunication company, at the cost of N202.8billion via the Tax Credit Scheme of the Federal Government.

The Minister of Works and Housing, Babatunde Fashola, disclosed this when he, along with Minister of Police Affairs, Maigari Dingiyadi, and the President’s media aide, Malam Garba Shehu, briefed the State House correspondents on the outcome of the Council meeting.

The meeting was presided over by President Muhammadu Buhari at the Council Chamber of the Presidential Villa Abuja on Wednesday.

Fashola said: “Today, we have two more. So, the first that was approved today was the one by MTN Nigeria PLC, the telecommunication company, to take over and complete the ongoing Enugu-Onitsha expressway.

“That road is a 110km, which is being dualized. So, you have 110km times two. The outstanding works aggregate to about 91 point-something kilometres on both sides if you accumulate it for those who use the road.

“You will see that the Enugu bound section has been largely completed, but there’s a lot of work to be done on the Onitsha section.

“So this policy is going to allow a steady and sustained stream of funding to completion by MTN, and the amount approved is N202,887,436,672,11 billion to complete the outstanding works of an aggregate of 91.9km on both sides.”