Billionaire business mogul and owner of one of Africa’s largest mobile telecommunications companies, Mike Adenuga, has offered to reconstruct the 64km Ota-Idiroko road in 2022, using Federal Government’s Tax Credit Scheme.
Minister of Works and Housing, Babatunde Fashola (SAN), announced this on Wednesday during an inspection tour of the ongoing reconstruction of Lagos-Ibadan Expressway.
“From Ota to Idiroko, we don’t have a contract there, but Chief Mike Adenuga of Globacom has offered to construct that road using the tax credit system.
“So, that has also started, they are doing the design and hopefully, by sometime early next year, they should mobilise to site.
“The real reconstruction is going to happen if we have a deal with Glo,” Fashola said.
He said that FERMA would carry out rehabilitation works on the Ota-Idiroko road between October and December.
“But between now and December, FERMA has gone to take measurements there and they will move there from the end of September if the Ogun State Government does two things.
“Clear all the squatters, traders and the settlers on the road and help us manage traffic and the governor as at last night has committed to doing that for us,” the minister said.
The minister said that the Lagos-Ota-Abeokuta road had become a problematic road due to years of neglect by previous administrations, as such the highway required huge investment.
“The contract on that road is N56 billion. It was awarded first in year 2000, about 21 years ago, Buhari was not President then.
“This administration has revived the contract and that is why it is fifty something billion naira because at that time when it was a lot less, they didn’t fund it,” he said.
He commended Governor Dapo Abiodun for his passion in fixing roads in Ogun State, adding that the reconstruction of the failed portions of the Lagos-Ota-Abeokuta road would be completed by December at the cost of N13.4 billion.
The minister added that the project would be handled by the Federal Road Maintenance Agency (FERMA).
He called on federal lawmakers representing Lagos and Ogun States to ensure increased budgetary allocation for the roads to ensure their speedy completion to ease hardship on road users.
“When people say Fashola is looking away, I am not looking away, I just can’t find the money,” he said.