By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
PRIMA NEWSPRIMA NEWSPRIMA NEWS
Notification Show More
Font ResizerAa
  • Latest News
  • World
  • Business
  • Special Feature
  • Politics
  • Contact
  • About Us
Reading: Abuja-Makurdi road tolling begins to repay $460m loan
Share
Font ResizerAa
PRIMA NEWSPRIMA NEWS
Search
  • Home
    • Sports
    • Entertainment
    • Technology
    • Latest News
    • Politics
    • Contact
    • About Us
  • Categories
  • Bookmarks
    • Customize Interests
    • My Bookmarks
  • More Prima
    • Blog Index
    • Sitemap
Have an existing account? Sign In
Follow US
PRIMA NEWS > Blog > Latest News > Abuja-Makurdi road tolling begins to repay $460m loan
Abuja-Makurdi road tolling begins to repay 0m loan
Latest News

Abuja-Makurdi road tolling begins to repay $460m loan

Prima News
Last updated: February 5, 2025 5:11 am
Prima News
Published: February 5, 2025
Share
SHARE



The Federal Government has officially commenced toll operations on the Abuja-Keffi-Akwanga-Lafia-Makurdi Road corridor as part of efforts to repay the $460.8m loan obtained from China Exim Bank for the rehabilitation and upgrade of the road.

Motorists using the highway will now pay tolls ranging from N500 for saloon cars to N1,600 for multi-axle vehicles, while police and military vehicles are exempted to enhance their operations.

The toll gates, strategically positioned along the 227.2km stretch of road, are divided into four sections: Keffi, Akwanga, Lafia, and Makurdi.

Speaking at the official launch of toll operations at the Garaku Toll Station in Nasarawa State, the Minister of Works, David Umahi, reaffirmed the government’s commitment to sustainable road maintenance and infrastructure funding.

 Represented by the Minister of State for Works, Barrister Bello Muhammad Goronyo, Umahi explained that toll revenue would also support the upkeep of federal roads across the country.

The minister recalled that the previous administration had secured the $460.8m loan, which covered 85% of the road’s total $542m cost.

As part of the loan agreement, the Federal Government committed to tolling the road upon completion, ensuring that revenue generated would be channeled primarily into loan repayment.

“It is with great pride and optimism that I stand before you today, on behalf of the Federal Government of Nigeria, as we officially launch the commencement of toll operations on our federal roads, beginning with the 227.2km Abuja-Keffi-Akwanga-Lafia-Makurdi Road Corridor,” Umahi said.

He described the road as a vital economic and strategic route, serving the central and northern regions for trade, mobility, and national security.

The tolling operation follows a 25-year Operate and Maintain concession agreement signed in 2023 between the Federal Government and Messrs China Harbour Operations and Maintenance Company Limited in partnership with Messrs Catamaran Nigeria Limited.

According to the Federal Ministry of Works, the new toll rates are as follows: saloon cars will be tolled at N500, SUVs and jeeps at N800, minibuses at N1,000, while multi-axle vehicles will pay N1,600. Frequent road users, such as commercial light vehicles, will enjoy a 50% discount.

Additionally, tricycles, pedal vehicles, motorcycles, and other small transport modes used by disadvantaged populations are exempt from toll charges.

Nasarawa State Governor, Abdullahi Sule, represented by his deputy, Dr. Emmanuel Akabe, commended President Bola Ahmed Tinubu for completing the road and urged Nigerians to cooperate with the government to ensure its success.

Meanwhile, Permanent Secretary of the Federal Ministry of Works, Folorunsho Adebiyi, stressed the importance of road infrastructure in Nigeria, emphasising that over 99% of Nigerians rely on road transport, as air travel remains inaccessible to most.

“The reality is that less than 1% of Nigerians travel by air. This places immense pressure on our roads, and with rising traffic volumes, we must generate enough revenue for effective road maintenance,” Adebiyi stated.



Source link

Chelsea’s James hit by fresh injury blow
Nigerians in Canada share homelessness struggles
Crude production cost rises to $40/barrel – Report
26 injured in Georgia’s anti-govt protest
Ex-prison officer jailed after sex with prisoner
TAGGED:Abuja-Makurdi road constructionFGtolling
Share This Article
Facebook Email Print

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Popular News
Why your estate trustee needs full disclosure
Opinion

Why your estate trustee needs full disclosure

Prima News
Prima News
October 9, 2024
Gaza City: Daily bombardment, more displacement amid escalating military offensive
Lookman seeks to dethrone Osimhen as ‘King of the Pitch’
Reps’ will continue to support Abbas’ leadership
Experts canvass adoption of AI in education
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

Categories

  • Politics
  • Sports
  • Business
  • Opinion
  • Health
  • Technology
  • Education
  • World

About US

We influence millions of users and Primanews is the number one World, business and technology news network on the planet.

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

© Prima News Network, All Rights Reserved...
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?