How President Muhammadu Buhari Administration is spending N74 Billion on Road Projects in Cross River

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Phillip Obin an aide to Vice President Yemi Osinbajo has given insights into how the Buhari administration is constructing roads in Cross River to the tune of N74 billion.

1. RECONSTRUCTION OF ALESI-UGEP ROAD: (IYAMOYUNG-UGEP) SECTION IN CROSS RIVER STATE

Contractor: Sermatech Nigeria Ltd
Contract Sum: N11.22bn
Current Completion Level: 91.0%
2020 SUKUK Payment: N1.5bn
Carriageway works
Kms Covered (2020): 10.0km

2. CONSTRUCTION OF IKOM BRIDGE IN CROSS RIVER STATE

Contractor: Setraco Nigeria Ltd
Contract Sum: N8.91bn
Current Completion Level: 45.02%
2020 SUKUK Payment: N2.0bn
Bridgeworks
Kms Covered (2020): 1.20km

3. RECONSTRUCTION OF ODUKPANI-ITU-IKOT EKPENE ROAD IN CROSS RIVER STATE: (SECTION I – ODUKPANI-ITU BRIDGE)

Contractor: Julius Berger
Contract Sum: N54.17bn
Current Completion Level: 1.82%
2020 SUKUK Payment: N3.0bn
Dual Carriageway works
Kms Covered (2020): 4.0km.

Odukpani-Itu-Ikot Ekpene Road is yet to experience any construction activities. This has sparked controversy.