Babatunde Fashola who’s the Nigerian Minister of Works and Housing, has just lately made a press release that Nigeria at present wants as much as ₦1.2trillion for some new roads and a few bridges within the nation however the Nigerian authorities is barely in a position to present ₦198.9 billion.
Fashola, who had appeared with a view to defend the funds of his ministry earlier than the Home of Representatives Committee on Works on Tuesday additionally lamented the disparity between the price of highways and the envelope funds which had been offered by the federal government.
He additionally acknowledged that in some cases, FG gives ₦100 million for roads that price over ₦20billion.
“There may be the inadequacy of annual funds provisions the place N100M or N200M was offered for roads costing twenty or extra Billion,” Fashola mentioned.
Fashola additionally added that “the precise 2023 indicative price of execution of freeway initiatives is ₦1,256,290,524,288.32, and the precise Finances Envelope of ₦198,964,003,907.00,” he mentioned and that the disparity has large debt owed to highway contractors. In accordance with Fashola, the federal government owes contractors over ₦700 billion.
“The Ministry has a cumulative unpaid certificates within the sum of N765,017,139,752.92 for ongoing freeway and bridge initiatives,” the previous Lagos State governor mentioned.
He knowledgeable the lawmakers that the federal government made interventions in varied tertiary Establishments within the Nation, finishing a complete of 85.46km roads.
In one other report, Nigeria’s Minister of Works and Housing, Babatunde Fashola on Thursday, condemned sure actions and feedback which has been attributed to Nigerians and politicians forward of the 2023 elections.
The previous Lagos State governor appealed to residents of the nation to cease exaggerating Nigeria’s issues whereas placing the nation up for ridicule.
Fashola made this assertion yesterday in Lagos in an tackle at TheNiche Annual Lecture themed ‘2023 Elections and the Way forward for Nigeria’s Democracy’.