Osun State Governor, Adegboyega Oyetola has approved the sum of N3.6 billion for the rehabilitation and reconstruction of township roads in Ile-Ife and Ikire.
A statement issued by the Commissioner for Information and Civic Orientation, Mrs Funke Egbemode on Wednesday, disclosed that the rehabilitation of the road was approved at the State Executive Council meeting on Monday.
It added that the sum of N3,628,024,923.76 was committed to the project after a detailed procurement process by the Osun Public Procurement Agency, saying the project will be executed through the Alternative Project Funding Approach.
It said, “the rehabilitation of Ikire township roads were awarded at a well-negotiated price of One Billion, One Hundred Million, Four Hundred and Eighteen Thousand, Four Hundred and Sixty-Nine Naira, Forty-Seven kobo only (N 1,100,418,479.47).
“Selected Ile-Ife township roads were awarded at a well-negotiated price of Two Billion, Five Hundred and Twenty-Seven Million, Six Hundred and Six Thousand, Four Hundred and Fifty-Four Naira, Twenty-Nine kobo only (N 2,527,606,454.29).
The quoted sums are inclusive of all statutory deductions.