The Federal Government and the nation’s largest telecommunications company, MTN, have guaranteed that the continuing construction of the 107-kilometer Enugu-Onitsha Expressway will not be impacted by the current economic climate in the country.
The pledge was made yesterday during a meeting between stakeholders and Works Minister Dave Umahi, as well as MTN management, which was presided over by CEO Karl Toriola.
MTN is among the corporate entities authorized by the government to allocate half of their anticipated tax revenue towards financing essential road development within the nation.
The road is slated to be completed in three years, and the firm plans to spend ₦200 billion on it.
Umahi stated in a statement issued by Olusola Abiola, Director of Information for the Works ministry, that MTN’s willingness to provide the road was consistent with the government of Bola Tinubu’s will to see that all ongoing road projects are completed as quickly as possible.
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The minister went on to say that the ministry would follow the guidelines in the presidential directive regarding the tax credit program.
Toriola was reported by Abiola as saying that he was grateful that Umahi recognized the difficulties involved in carrying out the contract.
Toriola also gave his word that MTN would keep up its collaboration with the federal government and put in great effort to see the highway project through to completion.
Additionally, the minister established two committees to assess the deal for the Central Workshop in Ijora, Lagos, and to oversee the security of project sites for highway projects.
Both Abiola and Uchenna Orji, the minister’s special adviser on media, made similar announcements separately yesterday.
