FG signs N11.5bn road contract with billionaire's company

dimeji akinloye

November 22, 2016 9:12 PM

Managing Director of Dangote Group, Ashif Juma said the project would be completed within 16 months.

Aliko Dangote at the U.S. Africa Business Forum in New York, U.S., on Wednesday, Sept. 21, 2016

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The regional spokesman for the group, Jibrin Abubakar, said in a statement issued in Abuja that 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.

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

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Managing Director of Dangote Group, Ashif Juma said the project would be completed within 16 months.

dimeji akinloye