FEC Approves Policy For Toll Gates On Federal Roads

August 12, 2021
toll gate
toll gate

THE Federal Executive Council has approved policy and regulations for toll gates on federal roads and bridges in the country.

Speaking with newsmen after FEC meeting on Wednesday, Minister for Works and Housing, Babatunde Fashola, said the policy and accompanying regulations were developed after extensive consultations with various stakeholders within and outside the government, including transport unions.

Join our WhatsApp Channel

Fashola explained that the current fees being paid at tolled roads in Lagos and Abuja were taken into consideration while developing the policy.

The minister said, “Open Tolling System would be adopted and only dual carriageways owned by the federal government will be tolled. Recommended tolling fees in the Approved Policy and Regulations are as follows: Cars: N200, SUVs: N300 Private Buses: N300, Commercial Buses: N150, Luxury Buses, and Trucks: N500.

“Tolled revenues will be used to maintain the roads, repay investors who have invested in building the Highway Development Management Initiative (HDMI).”

According to him, the policy stipulates that electronic toll collection and management systems will be prioritised over cash systems, while bicycles, tricycles, motorcycles, diplomatic vehicles, military and paramilitary vehicles will be exempted from tolling.

“People who live around Toll Plaza areas will benefit from ‘frequent user’ discounts, in line with global best practices,” Fashola said.

He however stated that even with the approved policy, tolling of federal roads and bridges would not commence immediately.

+ posts

Featured Stories

Latest from Top Stories

60% VAT Formula Could Reduce South-East Allocation, Chidoka Warns

Former minister Osita Chidoka has warned that a proposed change to Nigeria’s Value Added Tax (VAT) formula could sharply reduce allocations to South-East states. In a post shared on his public WhatsApp channel, Chidoka highlighted that the South-East contributed ₦101.09 billion to

Nigeria Defence Minister Warns Gumi Against Supporting Terrorists

Nigeria’s Defence Minister, retired Lieutenant General Christopher Musa, has warned Islamic cleric Sheikh Ahmed Gumi and others against portraying bandits as part of a wider northern brotherhood. Speaking in a statement issued on Wednesday in Maiduguri, General Musa cautioned Nigerians against supporting
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Tantalizer Among Gainers As NGX Market Cap Surges By N598bn

Academy topped the gainers’ chart on the Nigerian Exchange (NGX) on Wednesday, January 14, and May & Baker led the losers’ table as the bourse’s market capitalisation increased by N598.40 billion. According to data provided by the NGX, also known as the

Naira Records Mixed Fortunes In Official, Black Markets

The value of the naira appreciated marginally by 0.05 percent following a N0.75 kobo decrease in the foreign exchange (FX) rate of the United States dollar (USD) in the Nigerian foreign exchange market (NFEM), on Wednesday, January 14. In an NFEM data
who supports guinea after detection of first ever case of marburg disease
Previous Story

WHO supports Guinea after detection of first-ever case of Marburg disease

Heirs Towers
Next Story

Heirs Insurance Upgrades Website

Don't Miss

Justice Joy Isaiah Unwana: Congratulations, But What Of Zamfara 8?

Justice Joy Isaiah Unwana: Congratulations, But What Of Zamfara 8?

I am elated to learn that Justice Joy Isaiah Unwana
senaterobot

Nigeria To Deploy Robots Against Criminals

The Senate on Wednesday said that the Ministry of Communications