The Federal Government is to establish two agencies; National Road Fund and National Road Authority.
This is part of plans to fix federal roads across the country in the coming years.
Minister of Works, Mike Anolomemen, who disclosed this at a forum in Abuja, said the legal works on the draft bills are with the office of the Attorney General for scrutiny before the approval of the Federal Executive Council.
The Minister says the Bills would be sent to the National Assembly as Executive bill for passage.
Mike Anolomemen also dismissed reports that the renovation of the Lagos – Ibadan expressway has been abandoned.
The minister however revealed that the government and the contractors are re-nogotiating the concession agreement before commencement of full operations.