BUA cement to finance Lokoja-Benin road under tax credit scheme

The Federal Executive Council (FEC) has approved the equalization of the Okpella section of the Lokoja-Benin road and others for N120 billion to be financed by BUA Cement under the tax credit scheme.

The Special Adviser to the President on Information and Strategy, Bayo Onanuga revealed this on his official X handle after the FEC meeting which started yesterday.

He said, “On Day 2 of the FEC meeting, approval was given for the award of contract for the equalization of Lokoja-Benin Road, Okpella Section, Lokoja-Benin, Dualised Auchi Section -Uromi Link Road and Lokoja-Benin Road, Ekpoma Section.”

“It was on this road that a fuel tanker fell into high water recently, with villagers having to swim to rescue the occupants of the tanker. The reconstruction will be financed by BUA Cement at a cost of N120 Billion under the tax credit scheme.”

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