FG Approves Policy On Toll Gates, Releases Fees To Be Paid By Vehicle Owners

LAGOS AUGUST 12TH (NEWSRANGERS)-The Federal Government has approved a Federal Roads and Bridges Tolling Policy and Regulations, presidential aide, Tolu Ogunlesi has said.

According to Ogunlesi, who is a Special Assistant to the President on Digital and New Media, the government made the decision on Wednesday at a Federal Executive Council meeting in Abuja.

In a statement posted on his official Facebook page, he quoted the Minister of Works and Housing, Babatunde Fashola, to have said that the regulations were developed after extensive consultations with various stakeholders within and outside the government, including transport unions like National Union of Road Transport Workers, Road Transport Employers’ Association Of Nigeria, amongst others.

He listed the recommended tolling fees in the approved policy and regulations to include “Cars: N200; SUVs: N300; Private Buses: N300; Commercial Buses: N150; Luxury Buses and Trucks: N500”.

The statement titled, ‘Nigeria Cabinet approves Federal Tolling Policy and Regulations’ also said “fees at existing tolled roads (Lagos and Abuja Airport Toll Plazas, and the Lekki and Ikoyi Toll Plazas) were taken into consideration” in reaching the new recommended pricing.

The statement listed 10 highlights of the new Federal Tolling Policy as follows:

“It will be an Open Tolling system (just like the one that used to be in existence in the country), instead of a Closed Tolling system. (A Closed Tolling system means that you pay per distance traveled (‘distance-dependent’), while Open Tolling means you pay a fixed/flat rate that is not dependent on distance traveled).

“Cars: N200; SUVs: N300; Private Buses: N300; Commercial Buses: N150; Luxury Buses and Trucks: N500

“According to the Honorable Minister, the Federal Highways Act vests the power to toll (Federal Roads) in the Minister responsible for roads, but implementation of any tolling policy/regime involves many processes and multiple agencies, and therefore requires multi-stakeholder collaboration.

“According to the Minister, it is important to stress that even with this policy now approved, tolling is not going to start immediately. He very clearly said that Tolling will not start “until the roads are motorable.” This policy is a necessary condition for the implementation of Tolling, and it is now for people to start getting familiar with it and for relevant stakeholders to start using it as a basis for their financial modeling and investment analysis, ahead of the eventual rollout of Toll Plazas.”

Punch

Please follow and like us:

Related Post

Short URL: http://www.newsrangers.com/?p=75201

Posted by on Aug 12 2021. Filed under National. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

News Rangers TV

Recent Gallery Slideshow

Follow me on Twitter

Photo Gallery

Designed by News Rangers ICT Department
Close