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

Dangote Refinery Opens Direct Petrol Sales to All Marketers, Cuts Price to N1,075 per Litre

OPEC+ Members Agree to Increase Oil Output by 188,000 bpd in August

Dangote Refinery Cuts Petrol Price by Another N50 to N1,075 per Litre

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

Dangote Refinery Opens Direct Petrol Sales to All Marketers, Cuts Price to N1,075 per Litre

by Akpan Edidong
July 6, 2026
0

(petrol) to all licensed marketers, scrapping its previous consortium arrangement. The refinery also announced a fresh reduction in its ex-gantry...

Oil Prices Waver Near $80 as OPEC+ Meeting Looms and Supply Concerns Persist

OPEC+ Members Agree to Increase Oil Output by 188,000 bpd in August

by Akpan Edidong
July 6, 2026
0

Seven major OPEC+ producers have decided to raise their collective oil production quotas by 188,000 barrels per day starting in...

Dangote Bounces Back, Gains N313.2 Billion in 24 Hours Following Stock Losses

Dangote Refinery Cuts Petrol Price by Another N50 to N1,075 per Litre

by Akpan Edidong
July 3, 2026
0

Dangote Petroleum Refinery has further reduced the ex-gantry price of Premium Motor Spirit (petrol) by N50 per litre, bringing the...

Federal Government to Generate N12bn Annually from new vehicle tax.

FG Cuts Import Duties on Vehicles by 50% Ahead of New Green Tax

by Victoria Attah
July 2, 2026
0

The Federal Government has reduced Customs import duties on vehicles by up to 50%, effective from Monday, June 29, 2026,...

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

Dangote Refinery Opens Direct Petrol Sales to All Marketers, Cuts Price to N1,075 per Litre

July 6, 2026
Naira depreciates to N755/$ in the parallel market.

Naira Maintains Stability Around N1,370 as Reserves Climb

July 6, 2026

Popular Story

  • Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

    Dangote Refinery Cuts Petrol Price by N50 as Global Crude Costs Ease

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Tinubu Administration Secures $11.4 Billion in World Bank Loans Within Three Years

    0 shares
    Share 0 Tweet 0
  • OPEC+ Members Agree to Increase Oil Output by 188,000 bpd in August

    0 shares
    Share 0 Tweet 0
  • CBN injects $210m into forex market

    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}
?>