Tag: Toll gates

Nigeria to toll Lagos-Ibadan expressway, 2nd Niger Bridge, others – CBN Governor

Aminu Imam

The Federal Government plans to toll the Lagos-Ibadan Expressway, the ongoing 2nd Niger Bridge, and other roads, to repay loans used to build them, according to the Central Bank of Nigeria (CBN), Godwin Emefiele. Emefiele, who stated this at the closing ceremony of the 12th Banker’s Committee retreat in Lagos, on Wednesday, said, “All of the roads will be tolled. And we know that in many other countries in the world, roads are tolled because those projects are commercially viable. “They (loan) can be refunded with tolls so that maintenance…

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Toll gates: FG approves policy and regulations

Aminu Imam

…Releases fees to be paid by vehicle owners The Federal Government has announced that it was set to reintroduce toll collections on some selected dual carriage highways across the country. The Minister of Works and Housing, Babatunde Fashola stated this while briefing State House correspondents at the end of the virtual Federal Executive Council, FEC, meeting presided over by Vice President Yemi Osinbajo, at the First Lady’s Conference room, Presidential Villa, Abuja. The government also said that diplomatic vehicles, tricycles, motorcycles, military and Para-military vehicles will be exempted from paying…

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