Fashola
Because, under successive governments, money budgeted for construction ended up in private bank accounts, the Federal Government now requires about N2trillion to complete not less than 226 ongoing road projects across the country.
This was understood yesterday as the Minister of Works, Power and Housing, Mr Babatunde Fashola spoke at a Town Hall meeting in Lagos, organized to brief the public on the activities of the government in the last 11 months.
He however regretted that government does not have enough resources to complete the roads as less than N500billion was allocated to his ministry under the 2016 controversial budget.
“The Ministry of Power, Works and Housing proposed N423billion at the Federal Executive Council and the information reaching us is that we are not going to get all that. Ongoing road projects alone awarded by the government before we came— about 266 roads awarded in the various states— the liability to complete them is about N2trillion. So, when you look at N400billion, you know that that is not enough, but when you compare what this administration is going to do with the N400billion, with what the last administration did, you will know it is much progress.”
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