The Federal Executive Council (FEC) has approved a Federal Roads and Bridges Tolling Policy and Regulations across the country.
The approval was granted during the weekly Federal Executive Council presided over by Vice President, Yemi Osinbajo.
Presidential aide, Tolu Ogunlesi, made this known in a statement posted on his official Facebook page on Thursday, August 12.
According to the statement by Ogunlesi, the minister of works and housing, Babatunde Fashola, said that the regulations were developed after extensive consultations with various stakeholders within and outside the government.
The presidential aide said the tolling system is an open one where motorists only pay a fixed/flat rate that is not dependent on the distance traveled.
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”.
Also adding that only dual carriageways owned by the federal government will be eligible for tolling under the new policy. However, some bridges are also listed in the policy.
Fashola was cited as explaining that the toll revenues will be used to maintain the roads and also to repay investors who have invested in building or completing a road under the Highway Development Management Initiative (HDMI).