The Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, disclosed this to State House correspondents at the end of the Council meeting, presided over by President Muhammadu Buhari in Abuja on Wednesday.
According to him, the scheme will be managed through the Public Private Partnership (PPP) arrangement and revenue generated will be shared between the Federal Government, Police and the consultant.
“There will be an introduction of tariffs and billing schemes. This will be using PPP (Public Private Partnership arrangement).
“The police projected the use of consultant that will help them to manage this. Part of the revenue will go to Federal Government. Part of it will go to the police; part of it will go into police allowances and part will go to consultant as their own fees.
“This is a new system that will formalise the existing relationship between the Nigeria Police and Banks or Corporations, whereby the Police gives them cover or escort.
“This is something that has been going on for many years in some parts of the world,” he explained.
He said the roads, totaling 274.9 kilometers, would be constructed by Dangote Group of companies under the tax credit policy of the Nigerian government.
“The memo presented was for the construction and reconstruction of five road projects, as the case may be, in favour of Dangote Industries Limited totaling 274.9 kilometers of federal roads under the federal government’s roads infrastructure tax credit policy which is one of strategic partnership with the private sector.
“Those five roads will cost N309,917,717,251.55 to be advanced by the Dangote Industries as tax credit.
“The roads specifically are Bama to Banki in Borno State, 49.153 kilometre; Dikwa to Gamboru Ngala (Borno), 49.577 kilometres; Nnamdi Azikiwe Road popularly known as Western Bye-Pass in Kaduna State, 21.477 kilometers;
“The Deep Sea Port access road Sections I and III in Lagos State through Epe to Shagamu Express Way, 54.24 kilometers, that links Lagos and Ogun States, and the Obele Ilaro-Shagamu Road, 100 kilometers in Ogun,’’ he said.
According to him, the council also approved the memorandum, to facilitate the construction of the 274 kilometres of concrete road and “this will be the largest single award of concrete roads ever undertaken by the government of Nigeria in one award”.
The Minister of Power, Mr Sale Mamman, told the correspondents that the council approved three memos for the ministry.
Mamman disclosed that the council approved N259.9 milliom for construction of a substation at Obajana with line base extension at Lokoja.
“The last one is the construction, design, and supply of 2 by 50 MVA 132 33 substation at Ikom with 2 by 132 line base transmission at Calabar, Cross River.
“It also includes the design and construction of 220 km Calabar-Ikom 132 Cable Double Circuit Transmission Line. The amount is 39.9 million dollars plus N9.5billion.’’ (NAN)