President Muhammadu Buhari has expressed delight on the efficiency of the SUKAK-financed road projects.
He said that in 2017 his administration issued Nigeria's first sovereign SUKUK, to finance critical road infrastructure across the country, adding that they have followed subsequent ones in 2018 and 2020, which has raised a total of 362.577 billion naira from investors.
The president noted that he asked ministers in whose states projects have been completed, to represent him at the ceremonies marking the formal completion and handover of the projects.
According to him, they have handed over the following completed roads, which includes: "KEBBI/SOKOTO: Sokoto—Tambuwal—Jega Road, constituting Phases 1 and 2 of the Sokoto—Tambuwal—Jega—Kontagora—Makera Road, linking Sokoto and Kebbi States, on Thursday November 25, 2021, handed over by the Honorable Minister of Justice and Attorney General of the Federation, Abubakar Malami, SAN.
"BENUE/CROSS RIVER: Vandeikya—Obudu Cattle Ranch Road (Phases 1 and 2), connecting Benue and Cross River States, handed over by the Hon. Minister of Special Duties and Inter-Governmental Affairs, Senator George Akume, on Monday November 29, 2021.
"EBONYI/ENUGU: Nenwe—Uduma Road (Sections 1 and 2), with Spur to Ishiagu, connecting Enugu and Ebonyi States, handed over by the Hon. Minister of Science, Technology and Innovation, Dr. Ogbonnaya Onu, on Thursday December 2, 2021."
President Buhari said that the following projects are completed and ready for commissioning, Section 2 (Shuwarin—Azare; connecting Jigawa and Bauchi States) and Section 3 (Azare—Potiskum, connecting Bauchi and Yobe States) of the Kano—Maiduguri Road.
"These completed roads will open up communities, reduce travel time, make it easier and faster for agricultural produce to get to the markets, and contribute to our job creation agenda and our vision of lifting 100 million Nigerians out of poverty within ten years.
"Let me make it clear that NO part of Nigeria has been left out of this Transport Infrastructure Revolution. Under the SUKUK financing, there are 44 road projects, from across ALL SIX GEO-POLITICAL ZONES of the country. We have ensured that the proceeds from the SUKUK have been distributed equally across each geo-political zone," he said.
President Buhari urged road users to ensure full compliance with the highway code, and to refrain from all forms of road abuse.
He added Nigerians should look forward to delivery of many of the transformational projects that his administration embarked upon as part of its "change" and "next level" agendas.
Source: www.clintonsdaily.com
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