By No More Excuse! Executive Order 007 Allows Private Companies To Fix Terrible Federal Government Roads
President Muhammadu Buhari has yesterday Friday 25th January 2019 signed an executive order allowing private companies build federal roads in the country.
The Executive Order 007 2019, signed by the president, is on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.
BlackBox Nigeria also gathered that the president signed the order inside the council chamber of State House, Abuja.
The new order will allow private companies such as the Dangote Group, Unilver, and Lafarge Africa construct major roads across the country and be paid in the form of tax credit.
Nigeria ranks 11th on the list of countries with the world’s worst road quality and network, according to the Global Competitive Index of 2018.
Between 2017 and 2018 Nigeria scored 2.5, worse than neighbouring Cameroon which scored 2.6.
Under extant federal laws, public roads are constructed and maintained by the government, but poor funding has seen key roads left unattended to for years, causing car accidents.
It is hoped from the Presidency that this latest development will help boost road infrastructure across the country.
