N100B Sukkuk Bond Expected To Fix All Federal Roads – Minister

By Vivian Iwu

The Minister of Works, Housing and Power, Mr Babatunde Fashola has disclosed that the Federal Government is sharing the one hundred billion naira Sukkuk Bond among the six Geopolitical Zones of the Country to fix all Federal Roads amongst other things.
The Minister made this known when he was in the South East Zone for the monthly Power meeting being hosted by Enugu Power Distribution Company, and visited the Imo State Governor, Owelle Rochas Okorocha, at the Government House Owerri.
According to the Minister, Issues, such as the expansion of Transmission Services in some major Areas in the Zone was addressed.
“Soon, Enugu Port Harcourt Road will experience some activity, and all the link roads to Okigwe, now that Sukuk Bond has come in. Hundred billion naira had been shared equally among the six Geopolitical Zones. Each Zone is getting N16.67 billion. The South East Zone is not excluded. It is expected to be applied to roads that connect the South East and on the South South, axis of Aba/Enugu/ Port Harcourt Highway.”
The Minister of Works, Housing and Power, Mr Fashiola, who was accompanied by the Minister of State 2 on Works, Housing and Power, Mr Hassan Suleiman, said, and promised that Work on Owerri/ Aba Road Project would commence by Monday next week.
Mr. Fashiola noted that the Port Harcourt/ Owerri Road appears to be under NDDC, and promised to speak to his Colleague in the Ministry to provide an update.
On Electricity Distribution to Imo State, the Minister disclosed that Power Generation Capacity has been increased from six hundred and ninety to seven thousand Megawatts, adding that Transmission has also increased from five thousand to six thousand nine hundred Megawatts.
Meanwhile, Imo State Governor, Owelle Rochas Okorocha had earlier decried the level of Infrastructural neglect in the State, with much emphasis on the abandoned Owerri / Port Harcourt, and Owerri Aba Road Projects.
Owelle Okorocha sought to know the state of Power Supply in the State and the efforts of the Ministry to ensure steady Power Supply.

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