FG Allocates N7.13bn for Compensation on Lagos-Calabar Coastal Freeway

FG Allocates N7.13bn for Compensation on Lagos-Calabar Coastal Freeway

The Minister of Works, Engr David Umahi, introduced yesterday that the federal authorities has allotted N7.13 billion for compensation to these affected by the continuing demolitions for the Lagos-Calabar Coastal Freeway undertaking.

This sum is along with the N2.7 billion already paid to property house owners impacted by the undertaking as demolition actions proceed.

The minister made this recognized on Wednesday night whereas talking with journalists at his residence in Centenary Metropolis, Abakaliki, the capital of Ebonyi State.

“As we communicate, the demolition of shanties and a few infrastructure is ongoing.

“We’ve paid compensation of about N2.7 billion, and we are going to start to disburse one other N7.13 billion in compensation beginning Monday,” Umahi stated.

He famous that the federal authorities goals to finish the primary part of the freeway, which spans 47.47 kilometres, by Could subsequent yr.

He added {that a} toll gate can be constructed to generate a return on funding.

“Part one is 47.47 kilometres, and we’re working in a short time to make sure that by Could twenty ninth, we may have accomplished this part. We’ll then fee it with a toll gate, enabling the federal government to recoup its funding via toll income,” he said.