Skip to main content

Two new Nigerian road projects

Two important new Nigerian road projects are being planned.
By MJ Woof August 6, 2020 Read time: 1 min
Nigeria’s Oyo State is working on new road connections - image © courtesy of Rosevite2000, Dreamstime.com

Two important new road projects are being planned in Nigeria’s Oyo State. One of the projects is for the Ibadan Circular Ring Road. The other is for the 50km road that will link Iseyin with Ogbomoso.

Funding is being sought to pay for the two road projects. The necessary financing is being secured from a number of sources by the Oyo State Executive Council (SEC).

In excess of US$275 million will be required to pay for these road works, as well as works to improve other transport infrastructure such as Ibadan Airport and Ibadan Dry Port.

Related Content

  • Ireland's budgert cuts impact on road projects
    May 14, 2012
    Ireland’s government is undergoing a period of belt-tightening, with a string of budget cuts that will directly impact on the transport sector. The country was in the process of spending heavily on its infrastructure but with the tough economic climate it is now facing, a number of road projects are among those facing the axe. The Irish government is slashing its infrastructure spending from €39.6 billion to €22.9 billion between now and 2013. This looks likely to result in 40 road projects, including hig
  • Nigeria road upgrade to boost capacity
    August 17, 2018
    Nigeria’s Federal Executive Council, (FEC) is giving its approval for an upgrade of the road running from Akwanga to Gombe. The 421km section of the A3 runs between Akwanga, Jos, Bauchi and Gombe and provides an important link between the centre of the country and Nigeria’s north east. A budget of US$973.6 million has been set for the work, which is expected to take four years to complete. The work involves widening the existing two lane highway into a dual carriageway with two lanes in either direction
  • Funding for Rwanda roads rebuild
    July 18, 2016
    Foreign funding will help pay for key road rebuilding work in Rwanda. Loans worth US$162.4 million are being provided by the African Development Bank (AfDB) and the Japan International Cooperation Agency (JICA), with a $22 million development grant also coming from the EU. These financial sources will help pay for work to improve the 92km long link connecting Kayonza with Rusumo as well as the 116km road between Kagitumba and Kayonza. These road links are of importance as they help connect Rwanda to its nei
  • EU Commission adopts plan for €50 billion boost to European networks
    May 2, 2012
    The European Commission has tabled a plan which will fund €50 billion (US$68.7 billion) worth of investment to improve Europe's transport, energy and digital networks. It has also announced the Europe 2020 Project Bond Initiative which will be one of a number of risk-sharing instruments upon which the facility may draw in order to attract private finance in projects.