FG, Dangote group sign N11.5bn road contract

The Dangote Group on Tuesday said it has signed a contract worth N11.5bn with the Federal Government for the construction of a 42.5 km Obajana-Kabba Road in Kogi State.

The regional spokesman of the group, Jibrin Abubakar in a statement in Abuja said the company will commence work immediately.

The Permanent Secretary, Federal Ministry of Power, Works and Housing, Magaji Gusau, signed on behalf of the Federal Government, while the Adviser to the President of the Dangote Group, Joseph Makoju, signed on behalf of the group.

The contract was however awarded to the Group on tax concession basis at N5.24 billion, with N6.2bn difference being the corporate social responsibility of the conglomerate.

Managing Director of Dangote Group, Ashif Juma said the company has set a duration of 16 months for the project, 8 months shy of the government’s duration.

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