FG Approves N100Bn For Completion Of Re-Designed East-West Road

The Federal government has approved the sum of N100 Billion for the completion of Sections 1 to 4 of the East-West road project from Warri, Delta State to Oron, Akwa Ibom States of the Niger Delta region with a new design.

The China Export-Import Bank had also agreed to support the construction of Section 5 of the road from Oron to Calabar in the sum of $500 Million, while the federal government pays counterpart funding.

The Nigerian Sovereign Investment Authority (NSIA) is to monitor the completion of Sections 1 to 4 of the road and the Presidency has directed that the N100 Billion should be paid directly to the contractors from the Federation Account.