Thursday, 06 April 2023 02:53

BUA gets N300bn tax credit to construct 4 federal roads in Kwara

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Under the Federal Government Infrastructure Tax Credit Scheme (Executive Order 7), BUA Group has received approval from the Federal Government to construct four major roads worth N330 billion.

This approval follows the recent commencement of the N115 billion expansion and dualization of the 132km Kano-Kazaure-Kongolam highway, linking Kano, Jigawa and Katsina States under the same scheme.

The four major roads set to be constructed are the Kosubosu-Kaiama-Bode Saadu highway (130km), Bacita-Shonga-Lafiagi highway (83km), Eyenkorin-Afon-Offa-Odo Ottin highway (49km), and Okuta-Bukuro Road which connects to Benin Republic (32km), costing approximately N330 billion.

BUA Group will fund the entire project, demonstrating its commitment to unlocking opportunities for development in Nigeria and sub-Saharan Africa. The company stated that it has the expertise, experience, and capacity to deliver high-quality roads on schedule, and seeks the support of all stakeholders to ensure the timeline for the project is met.

Kwara State Governor, AbdulRahman Abdulrazaq, expressed his appreciation to President Muhammadu Buhari for the landmark approval and commended BUA for participating in the initiative, which will undoubtedly open up the state for economic growth. The state government pledged to provide all necessary support to ensure the successful completion of the projects for the benefit of the people.

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