The Federal Executive Council (FEC) has approved a ₦158 billion contract for Dangote Industries to construct service lanes connecting the Lekki Deep Sea Port to the Shagamu-Benin Expressway. The project will be financed under the Federal Government Road Infrastructure Development Fund and Refurbishment Investment Tax Credit Scheme.
Key details:
- The contract was approved by FEC to build service lanes from the Lekki Deep Sea Port through Epe to the Shagamu-Benin Expressway.
- Dangote Industries will be awarded the ₦158 billion contract.
- The project will be financed through the Federal Government’s Road Infrastructure Development Fund and Refurbishment Investment Tax Credit Scheme.
This infrastructure project aims to improve connectivity and facilitate the efficient movement of goods from the Lekki Deep Sea Port to various destinations. By linking the port to the Shagamu-Benin Expressway, it will enhance the overall logistics and supply chain network in the region.
The approval of this ₦158 billion contract by FEC demonstrates the government’s commitment to developing critical transportation infrastructure to support economic growth and trade facilitation.
