The Federal Government yesterday insisted that the Lagos-Calabar Coastal Highway contract followed the procurement process.
Minister of Works, David Umahi, said the 700-kilometre, 10-lane highway was conceived as an Engineering, Procurement and Construction plus Financing (EPC+F) project.

The model, he explained, entails part-funding by the Federal Government.

Also yesterday, the Presidency dismissed the allegation of conflict of interest raised by former Vice President Atiku Abubakar.

The former presidential candidate had claimed that President Bola Ahmed Tinubu’s son Seyi was on the board of a sister company executing the project.

But the presidency said nothing stops Tinubu’s son from pursuing his legitimate business interests.

The road project, regarded as one of the biggest in Africa, was awarded to Hitech Construction Company Ltd. It will link nine states.

Umahi, in a note, said the approval process went through the Bureau of Public Procurement (BBP) after consideration by the Federal Executive Council (FEC) as prescribed by law.

May 7, 2024

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