• 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

From NNPP to APC: Will Tinubu’s Intervention After Closed-Door Meeting Reshapes Gov. Yusuf’s Political Path?

NITDA Backs Crisis Communication Hub to Counter AI-Driven Misinformation

Troops raids Gunrunner Hideout

Army Eliminates Scores of Terrorists, Arrests 23 Suspects, Recovers Arms Nationwide

Longest-Serving Ilorin Chief Imam, Sheikh Bashir Saliu, Dies at 75

Grave Despair: Nigerian Refugees Fleeing Insecurity Seek Shelter in Niamey Cemetery

PRNigeria logo fearured image

Grave Despair: Nigerian Refugees Fleeing Insecurity Seek Shelter in Niamey Cemetery

Executive Secretary and Chief Executive Officer of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin

We’re Executing Massive Reforms to Eradicate Nigeria’s Sugar Production Gap – NSDC Boss 

Nasir Ahmad El-Rufai

El-Rufai to Lead Panel at 23rd Daily Trust Dialogue on Nigeria’s Democratic Journey

CP Jimoh Moshood

Policing Truth in the Age of Digital Misinformation, By Adebisi Adams Oyeshakin

Governor Okpebholo Commends 4 Brigade’s Offensive Against Kidnappers, Oil Bunkerers in Edo

Executive Secretary and Chief Executive Officer of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin

NSDC Boss Clarifies NSI Status, Unveils Major Reforms to Eliminate Sugar Production Gap

Honourable Minister of Information and National Orientation, Mohammed Idris, FNIPR,

S/Eagles’ Bronze Medal Showcases Nigeria’s Unprecedented Feat in AFCON – Information Minister

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • From NNPP to APC: Will Tinubu’s Intervention After Closed-Door Meeting Reshapes Gov. Yusuf’s Political Path?
  • Plateau Operations Key to National Stability — COAS tells Troops
  • NITDA Backs Crisis Communication Hub to Counter AI-Driven Misinformation
  • Baze University’s ‘The Revenants’ Wins CGMA Nigeria Business Challenge 2025
  • NDLEA Arrests Ogun Wanted Drug Kingpin After 12-Year Manhunt, Seizes Drugs Nationwide 
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
From NNPP to APC: Will Tinubu’s Intervention After Closed-Door Meeting Reshapes Gov. Yusuf’s Political Path?Plateau Operations Key to National Stability — COAS tells TroopsNITDA Backs Crisis Communication Hub to Counter AI-Driven MisinformationBaze University’s ‘The Revenants’ Wins CGMA Nigeria Business Challenge 2025NDLEA Arrests Ogun Wanted Drug Kingpin After 12-Year Manhunt, Seizes Drugs Nationwide Nasarawa Police Rescue 17 Suspected Human Trafficking VictimsGlobal Conflicts: Trump Sets $1bn Fee for Permanent Seats on Proposed ‘Board of Peace’Army Eliminates Scores of Terrorists, Arrests 23 Suspects, Recovers Arms NationwideLongest-Serving Ilorin Chief Imam, Sheikh Bashir Saliu, Dies at 75Troops Destroy Terrorists’ Camps, Repel Drone Attacks in North-EastGrave Despair: Nigerian Refugees Fleeing Insecurity Seek Shelter in Niamey CemeteryNigerian Army Dismisses Mutiny Claims Over SalariesGrave Despair: Nigerian Refugees Fleeing Insecurity Seek Shelter in Niamey CemeteryWe’re Executing Massive Reforms to Eradicate Nigeria’s Sugar Production Gap - NSDC Boss Tinubu Celebrates Customs CG Bashir Adeniyi’s Legacy at 60
X whatsapp