Edo State Slams 100% Hike in Benin-Abraka Road Contract Cost Amid Scandal
The Edo State Assets Verification Committee has criticized a 100% hike in the contract cost for the Benin-Abraka road project, from N8bn to N16bn, within just one year of its initial tender.
The Edo State Assets Verification Committee has expressed criticism towards a significant increase in the contract cost for the 17.5km Benin-Abraka road project, Phase 1C, which saw the original sum of N8 billion revised to N16 billion over the course of one year. The review was undertaken under the immediate-payment arrangement, a method that typically involves larger upfront payments with smaller installments due in later years. The committee's comments suggest there may be concerns raised regarding the substantial hike in costs despite this payment plan being implemented. This sudden increase has raised eyebrows among stakeholders regarding the management and oversight of state projects.
