• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Government N130bn Already Released For Road Construction By Buhari
  • Government
  • National

N130bn Already Released For Road Construction By Buhari

By
Olusegun Ogunkayode
-
November 15, 2016
Fashola
Works Minister Fashola
Babatunde-Fashola-001The present government of President Muhammadu Buhari has already released the sum of N130bn for road construction as against N12.59bn released in 2015.
The Minister of Power, Works and Housing, Babatunde Raji Fashola made this revelation at an interactive session to mark a year of his assumption of office together with his colleague, the Minister of State for Power, Works and Housing, Hon. Mustapha Baba Shehuri at Westwood Hotel in Ikoyi, Lagos.
The Minister stated that on assumption of office, he and the Minister of State inherited about 206 road projects already contracted out; with outstanding completion costs in the region of N1.5trn.
Fashola stated that while some of the assumptions may have altered about the timing of the budget, the budget was eventually signed into law six months ago and the implementation started in earnest with the releases of N70bn in June (1st Quarter) and N60bn in October (2nd Quarter).
The Minister said with the interactions he had with the contractors, they had not been paid for an average of 2 to 3 years, saying that this explained the stoppage of works, by these affected contractors, lay-off workers and consequently poor condition of many roads.
He said with limited resources against liabilities, the Ministry had to make difficult choices of deciding which of the 206 roads under contract should take first, and how many, therefore the choices were informed by the realities of the economy and the size of the resources.
Fashola said that in spite of the importance of all the roads economically, some were more urgent and more impactful than others, adding that the choices were determined by roads that carried heaviest cargo, to allow farmers, businessman, industries and travelers to drive productive activity.
He further said that other criteria used in making the choice are the roads that support energy sufficiency and put Nigerian resources in roads leading to and from petroleum tank farms so that movement of petrol, diesel and kerosene across the nation will be done with ease. “In addition, the Ministry also chose roads that led to and from major seaport and airport so that maritime business can go on to drive the economy.”
Having considered all these choices, Fashola said that the Ministry re-mobilised contractors back to construction sites across the six geo-political zones.
The Minister also said that consultants who were supervising these roads had been paid, adding that this had helped in recovering lost jobs, and put some money back in circulation, adding it is also part of a measure by government to come out from the recession.
Fashola used the occasion to reiterate the Ministry’s short-term objectives which include the completion of uncompleted road contracts, restore motorability back to as many roads as possible, improve journey times and reduce the cost of travel for commuters. On the medium to long term , the Ministry intend to cover more roads as the resources permit, and increase maintenance capacity of road assets to ensure that Nigerian highways are not neglected again.
Having noted the decay of many bridges across the nation, Fashola stated that the Ministry had developed a three year plan to cover Forty-Two bridges that will require about N277bn authorisation by the National Assembly over the period.
    
 
Olusegun Ogunkayode
Senior Information Officer
For: Director (Information)
VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Babatunde Raji Fashola
  • President Muhammadu Buhari
Previous articleInfrastructure: FG Working To Achieve Increased Private Sector Investment
Next articlePolice Foil Planned Kidnap of Otedola
Olusegun Ogunkayode
Olusegun Ogunkayode
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Senate President, Godswill Akpabio

Senate Reconstitutes Key Standing Committees

Tinubu Writes Senate, Seeks Confirmation of Gen. CG Musa as New Defence Minister

Army Dismantles Terror Cells, Eliminate 8, Arrests 51,  Rescues 27 in Nationwide Raids

Delta Police Commissioner Abaniwonda Olufemi

Delta Police Eliminate Kidnapping Suspect, Arrest Notorious Gang Members in Coordinated Raids

Gen CG Musa, President Tinubu, Abubakar Badaru

Ex-Defence Chief Gen. CG Musa Meets Tinubu as Defence Minister Badaru Resigns

Gen. Christopher Gwabin Musa CDS

Tinubu Hosts Ex-CDS Musa in Aso Rock

NCoS leads as FG okays promotion for over 24,000 paramilitary senior officers

PRNigeria Centre for Strategic Communication

Arewa Discussion Group Commends PRNigeria for Fostering Communication Excellence in Nigeria

Church Abduction in Kogi Linked to Backlash Following Major Security Crackdown on Bandits

Tinubu Promises Ruthless Pursuit of State Enemies, Commends Ex-Gov Audu’s Leadership

Pantami, Mujaddadi Foundations Partner to Train Bauchi Youths in AI and Cybersecurity

JUST IN: Army Rescues 7 Abducted Victims in Kano Community

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Tinubu, NASS, Wike Donate N320m to Nigerian Legion at 2026 Remembrance Day Launch
  • NAF Dazzles at Nigeria’s First International Airshow, Showcases Rising Airpower Capability
  • Kogi Police, Center Collaborate to Curb Illicit Arms as Command Strengthen Security Measures Ahead of Festive Season
  • Senate Reconstitutes Key Standing Committees
  • FG Reaffirms Commitment to Press Freedom, Unveils Regional Media Literacy Institute
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Tinubu, NASS, Wike Donate N320m to Nigerian Legion at 2026 Remembrance Day LaunchNAF Dazzles at Nigeria’s First International Airshow, Showcases Rising Airpower CapabilityKogi Police, Center Collaborate to Curb Illicit Arms as Command Strengthen Security Measures Ahead of Festive SeasonSenate Reconstitutes Key Standing CommitteesFG Reaffirms Commitment to Press Freedom, Unveils Regional Media Literacy InstituteNigeria, Algerian Customs Strengthen Partnership to Boost Training, Modernisation, Trade FacilitationTinubu Writes Senate, Seeks Confirmation of Gen. CG Musa as New Defence MinisterArmy Dismantles Terror Cells, Eliminate 8, Arrests 51,  Rescues 27 in Nationwide RaidsDelta Police Eliminate Kidnapping Suspect, Arrest Notorious Gang Members in Coordinated Raids‎FACT-CHECK: Is a US Nuclear-Powered Submarine in Port Harcourt Waterway?Fact Check: Did Late Brigadier Uba’s Wife Lament Silence Over Husband’s Killing on Tik Tok? If Kano Falls, the North Pays the Price By Hassan Yakubu Troops Rescue Six Kidnap Victims in Coordinated Operation in KogiIPRA Discusses AI Risks for Children at UN Event with Journalists and Writers FoundationPolice Nab Suspected IPOB Member With Handcuff Wound in Anambra
X whatsapp