Live Update Of The Dualization of Oyo – Ogbomosho Road, Oyo state

Its no news that the Federal Government of Nigeria is on massive road rehabilitation projects across the country, one of the numerous project embarked on is called the Sukuk Road Project. The project which was supervised by the ministry of works is spanned across the 6 geographical zones of the country. It was reported in the media some in 2017. According to the Vanguard Newspaper, the Federal Government released N100 billion in 2017 to road contractors to facilitate the construction and rehabilitation of 25 priority road projects across the six geopolitical zones.

The Federal Government raised the funds through the issuance of Sukuk bonds.

Sukuk bonds are Islamic bonds, structured in such a way as to generate returns to investors without infringing Islamic law that prohibits “riba” or interest. One of the places which the Sukuk Bond was used for is the Ogbomosho Road in Oyo State. Ogbomosho has a close boundary with Ilorin, Kwara State.

For those who pile this road regularly, the journey within Ogbomosho alone can take up to 2-3 hours because of the bad roads. Its almost 2 years since this project has started, we hope they finish up before 2019 runs out.

Base on the images sent and careful analysis, it seems this project has been abandoned by the contractors as no single worker was sighted on site, even the tractors and the equipment used all show signs that it’s being long that there were last used. We did some little checks on RCC Nigeria Ltd and we noticed that they are not active online.

One of the contributors in AutoReportNG was on site to inspect the construction of these roads networks. This is the Ogbomosho axis being managed by RCC Nigeria Limited. According to the images being sent to our news desk, the work is gradually closing in while some parts are getting tared already. We can’t really ascertain when this construction will be finished and ready for us but trust AutoReportNG to keep you updated as the event unfolds.