RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

Nigerians to pay N500, N200 per trip, FG reintroduces toll plazas

Rate Captain by Rate Captain
August 12, 2021
in Business, News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Federal Executive Council has approved the reintroduction of toll collections on some selected dual carriageways across the country.

AlsoRead

Nigeria’s Economic Reforms Driving Strong Domestic Capital Mobilisation – NGX CEO

CBN Directs International Money Transfer Operators to Open Naira Settlement Accounts with Local Banks

Central Banks Ramp Up Gold Purchases as Geopolitical Risks Fuel De-Dollarisation Drive

This is as it exempted diplomatic, military, para-military vehicles, tricycles, motorcycles from the scheme.

Minister of Works and Housing, Babatunde Fashola, disclosed these on Wednesday while briefing the State House correspondents at the end of the weekly meeting of the Federal Executive Council presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.

The decision was made almost two decades after the Olusegun Obasanjo’s administration dismantled all toll plazas on federal roads across the country in 2003.

Fashola said his ministry presented a memo which the council approved to reintroduce tollgates on dual carriageways of the 35,000km federal roads.

These roads, he explained, amounted to only 14.3 per cent of the entire 35,000km stretch of federal roads that were dual carriageways and would be eligible for tolling with vehicles paying between N200 and N500 toll per trip, depending on their brand while diplomatic, military, para-military as well as tricycles and motorcycles would be exempted.

The minister added that dual carriageways represented only 5,050km out of the total 35,000km

He said, “So the total network of roads today, assuming we wanted to start today, which we’re not, that will be eligible for tolling on the federal network will be 14.3 per cent of the total network. So, 85.27 per cent will not be eligible for tolling.

“We have seen that most of those dual carriageways also have alternative roads, but they are single carriageways; that’s why we left them. So, the only exception to single carriageway are some bridges and they are listed in the regulation.”

The minister said with the FEC approving the reintroduction of toll plazas on selected roads, it was now working modalities to determine how soon the tolling system would take off.

He said, “The Ministry of Works and Housing presented a policy memorandum for the approval of federal roads, bridges, tolling policy, and also a regulation that will provide a legal framework for the tolling policy.

“So, we have taken another step. So let me be clear, tolls are not going to start tomorrow. So let us be clear about that.”

Fashola stressed that the open tolling system to be introduced would not commence until the affected roads were motorable while operational agreements would have to be negotiated with relevant government agencies.

The Minister also said the toll collected would not only be used to maintain the roads but would also be used to construct new ones while the toll system would be electronically driven for transparency.

Fashola noted that FG consulted widely with public and private sector stakeholders before agreeing to reintroduce toll on federal highways.
Previous Post

Dangote-Owned Sugar Firm Plans $1 Billion Expansion

Next Post

Osinbajo presides over FEC in Buhari’s absence

Related News

NGX Appoints an Advisory Panel on Digital Technology Products.

Nigeria’s Economic Reforms Driving Strong Domestic Capital Mobilisation – NGX CEO

by Victoria Attah
March 30, 2026
0

The Group Managing Director and Chief Executive Officer of Nigerian Exchange Group (NGX) Plc, Temi Popoola, has said that Nigeria’s...

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Directs International Money Transfer Operators to Open Naira Settlement Accounts with Local Banks

by Stephen Akudike
March 25, 2026
0

The Central Bank of Nigeria (CBN) has issued a new directive requiring all International Money Transfer Operators (IMTOs) operating in...

Central Banks Ramp Up Gold Purchases as Geopolitical Risks Fuel De-Dollarisation Drive

by Stephen Akudike
March 25, 2026
0

Central banks worldwide are stepping up their gold-buying activities at a notable pace, with emerging market giants China and India...

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

by Stephen Akudike
March 10, 2026
0

Showmax, once positioned as Africa's homegrown challenger to global streaming giants like Netflix, has become a stark case study in...

Next Post

Osinbajo presides over FEC in Buhari’s absence

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigeria Procures $1.5 Billion Loan from the US to Support Solar Power Infrastructure

Solar Panel Imports Surge to 2.9 Million Units Worth N435bn in 2025 as Power Outages Persist

March 31, 2026
LIRS Shuts 34 Companies Over Tax Non-Compliance

LIRS Extends Deadline for Individual Tax Returns Filing to April 14

March 31, 2026

Popular Story

  • Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.

    Banks Raise N4.6 Trillion in Recapitalisation Exercise as Sector Prepares for Lending Battle

    0 shares
    Share 0 Tweet 0
  • US Cuts Nigerian Crude Imports by Nearly 50% in January 2026

    0 shares
    Share 0 Tweet 0
  • Solar Panel Imports Surge to 2.9 Million Units Worth N435bn in 2025 as Power Outages Persist

    0 shares
    Share 0 Tweet 0
  • World Bank, IMF Urge Nigeria to Strengthen Inflation Control Measures

    0 shares
    Share 0 Tweet 0
  • Fixed Income, Equity and Money Market Update

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>