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[BUSINESS] · Nigeria · 2 sources

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Nigeria approves N610bn for road projects and new transport data system

The Nigerian Federal Government has approved several major infrastructure and welfare initiatives. The Federal Ministry of Transportation inaugurated a Project Implementation Committee to establish a centralized, real-time transport data system. This initiative, involving the Smart National Transport Databank (SNTDB), will be implemented through a 20-year public-private partnership (PPP) concession with Asia-Arab Investment Nigeria Limited to improve data collection and evidence-based planning.

Additionally, the Federal Executive Council approved over N610 billion for major road infrastructure projects nationwide, focusing on the reconstruction, rehabilitation, and upgrading of federal roads through PPP concessions. This includes a N159.826 billion contract for the reconstruction of the Ado-Ekiti–Iyin–Aramoko–Itawure–Osun State border road. To support military welfare, the government also approved the purchase of 600 four-bedroom terrace duplexes in Abuja for Armed Forces personnel.

Entities

Federal Executive Council · Federal Government of Nigeria