The Minister of Works and Housing, Babatunde Fashola, has
stated that Nigeria needs N1.2trillion for roads and bridges but the government
is only able to provide N198.9 billion.
Fashola, while appearing to defend the budget of his
ministry before the House of Representatives Committee on Works on Tuesday,
lamented the disparity between the cost of highways and the envelope budget
provided by the government.
He stated that in some instances, FG provides N100 million
for roads that cost over N20billion.
“There is the inadequacy of annual budget provisions where
N100M or N200M was provided for roads costing twenty or more Billion,” Fashola
said.
Fashola stated that “the actual 2023 indicative cost of
execution of highway projects is N1,256,290,524,288.32, and the actual Budget
Envelope of N198,964,003,907.00,” he said.
He added that the disparity has huge debt owed to road
contractors. According to Fashola, the government owes contractors over N700
billion.
“The Ministry has a cumulative unpaid certificates in the
sum of N765,017,139,752.92 for ongoing highway and bridge projects,” the former
Lagos State governor said.
He informed the lawmakers that the government made interventions in various tertiary Institutions in the Country, completing a total of 85.46km roads.
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