The Federal Executive Council, FEC, presided over by the Acting President, Prof. Yemi Osinbajo, at the Presidential Villa, Abuja, yesterday, approved the reconstruction of 12 roads in the country.
This was made known to journalists by the Minister of Power, Works and Housing, Mr Babatunde Fashola.
Mr Fashola said the roads would reduce time spent on the roads during journeys and restore confidence in the construction industry when completed.
“Council considered and approved the award of contracts for 12 roads, one of which is the Dukka Gulu road, in Kano. Others are spread across Bauchi, Adamawa, Kwara, Gombe/Adamawa, Kano, Enugu, Kaduna, Bauchi/Gombe.
“The headline figures are in the region of N126 billion but I think that is not the story. The story really is what the award of those contracts will do to the economy. It will restore confidence to the construction industry.
“Contractors who have been owed for two, three years before Mr President was elected are back in various states, they recalled their workers and as they are purchasing gravel, cement, the economy is on its way back with a bend and this situates what the Minister of Budget and Planning has said.”