The Executive Council of the Federation, otherwise known as FEC, has approved the construction of a two kilometre speedway at Goronyo Dam in Sokoto State for N3.8bn.
The contract, alongside many others, were approved by the council at its weekly meeting held at the State House, Abuja, on Wednesday.
Apart from the two-kilometre Goronyo Dam Speedway, other road projects approved by the council include the rehabilitation of the Enugu-Abakaliki highway at a cost of N9.7 billion and the Ogoja Junction-Ikom road at a cost of N6.4 billion.
Checks by the Times on the technical meaning of speedway as used by the minister shows that the word simply refers to a road where high speed driving is allowed.
Some experts, who spoke to us on the condition of anonymity so as not to hurt business relationship with the government, said to therefore award a two kilometre road at the cost of N3.8bn was unreasonable and amounted to reckless spending on the part of government.
They pointed at the Benin-Shagamu Road, which is about 256 kilometres and was first awarded by the same FEC for N7.5bn before being reviewed upward to N24.3bn.
“There is no way a two-kilometre road will cost that amount,” one of our sources said. “There is definitely huge corruption involved in the costing of the project.
Our reporter was unsuccessful in getting the Minister of Work, Mike Onolememen, to comment on the matter as calls to his mobile telephoned failed to connect.
It would be recalled that the Times had reported on Tuesday that the council would perform a contract award bazaar of over 47 projects with less than three weeks to the end of the year.
Our report came to pass.