MTN commits N200bn on Enugu-Onitsha highway
The federal government and MTN Nigeria have signed a N200bn contract to rehabilitate the Enugu-Onitsha highway. A statement by the Information director of the Ministry of Works, Olusola Abiola, disclosed that the project which will be funded in two separate phases would be executed over a period of thirty-six months. Speaking during a meeting with […]
The federal government and MTN Nigeria have signed a N200bn contract to rehabilitate the Enugu-Onitsha highway.
A statement by the Information director of the Ministry of Works, Olusola Abiola, disclosed that the project which will be funded in two separate phases would be executed over a period of thirty-six months.
Speaking during a meeting with CEO of MTN, Karl Toriola, the Minister of Works, Sen. David Umahi, commended the management of MTN Nigeria for the assurance given to fast-track the rehabilitation of the 107 km highway which begins from the 82 Division in Enugu and terminates at the River Niger head bridge in Onitsha.
The minister disclosed that the ministry was desirous of abiding by the provisions of the Presidential Order on the tax credit scheme which provided for some corporate organisations such as Dangote, BUA and NNPCL to utilise 50% of their expected tax payable to the government to fund the construction of critical road projects in the country.
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Umahi restated the imperative for the organisation to make good its commitment to the provisions of the contract in spite of the current economic challenges.
He however promised that the Tinubu administration would continue to give credible assistance to MTN as it demonstrates the determination to complete the highway project on schedule.
In his remarks, Toriola expressed his appreciation for the minister’s understanding of the challenges being faced in the execution of the contract, pledging to expedite work on the project.