The council also approved N10.4 billion for constructing 77-kilometre roads in Kwami Funakaye, Nafada and Yamaltu-Deba local government areas.
Ms Kesha advised motorists to use alternative routes.
VIO says it has deployed 1,700 personnel to ensure the free flow of traffic during Christmas and New Year celebrations in Abuja.
“Effort is on for the recovery of the contents and the truck from the road,” it added.
Mr Madami said the contract would be for a period of 30 months.
Mr Madubuko, the leader of the AIRS revenue mobilisation team, said the state was making just about ₦2 billion monthly out of the ₦4 billion potential profile.
Unvaccinated people were 72 per cent more likely than vaccinated people to be involved in a serious traffic accident.
A citizen, @Dagbofather, who recorded the LASTMA vehicle with inscription “Zone 25 Bariga” driving against traffic, posted the video on Twitter on Friday.
Agencies under the Lagos ministry of transportation are expected to work together with the school of transport to effectively transform the sector.
The police command urged residents not to panic but remain law-abiding, saying that the situation was under control.