Federal Government of Nigeria has approved 452 billionaires for the construction and rehabilitation of 14 major roads across the country, as part of the Renewed Hope Administration’s comprehensive infrastructure initiative.

The Minister of Works, Dave Umahi, made the announcement following the 23rd Federal Executive Council meeting at the Aso Rock Villa, Abuja, on Tuesday.

Umahi explained that these projects span several states, and the funding will be used to expedite their completion and improve nationwide connectivity.

Among the approved projects is the N22bn Agaie-Katcha-Baro Road in Niger State, which will be handled by Messrs GR Building Construction Limited.

Cross River State’s Odukpani Junction and the central section of the Calabar–Ikom–Ogoja Road will undergo rehabilitation with an N26.335bn contract awarded to Samatech.

Other projects include the N10.89bn Ajaokuta-Ajibo/Iyana-Mosa Road in Ogun State, the N9.33bn Inoma-Iyaka-Abaji section of the Ibaji-Odulu-Ajibu Road in Anambra, and the N14.37bn Umuahia Ituano-Ikot Ekpene Road, awarded to Messers Heartland Reckon Construction Company.

Umahi also noted that N30 (thirty billionaires) billionaires would be allocated to the Lagos–Ibadan Road project to finalize the Lagos-bound stretch.

The government approved an N7 billionaires rescoping plan for the AK Bypass, to be handled by Ghitto Construction Limited.

The FEC also approved several water infrastructure projects aimed at bolstering water supply in Abuja and its surrounding areas.

Umahi emphasised that these projects reflect the government’s commitment to improving the nation’s infrastructure and connectivity.

He further clarified that the Lagos-Ibadan Road requires an additional N30bn to complete its Lagos-bound section, and he promised that all outstanding road projects would be closely monitored to ensure timely completion.