We Have Paid N700 Billion For Road Projects – Fashola

by Ogundokun Ayobami , at 15:02 , have 0 comments

The former Governor of Lagos State, Babatunde Raji Fashola has opened up on the level of financial investment in improved road networks.
Babatunde Fashola
The current administration of President Muhammadu Buhari is currently working diligently in providing improved road networks for usage as the President had earlier described them as death traps for the people.
According to a recent statement credited to the Minister of Power, Works and Housing, Babatunde Fashola, the Federal Government has paid about N700bn out of the N2.1trn liabilities for the construction of 206 road projects across the country, Punch reports.
Although the minister was not specific if it was the present government that paid the sum, he, however, explained that out of the N300bn already released by the Federal Government since the 2016 budget was signed into law, his ministry received N102bn.
In a statement issued by his Special Adviser on Communications, Mr. Hakeem Bello, on Wednesday, Fashola stated that the N102bn that his ministry got “has been described as a lion’s share of the N300bn.”
“But it is a lion’s share against our realities and the realities are that we inherited 206 roads under construction and the liabilities for those roads were in the region of N2.1tn,” he added, pointing out that the government had paid about N700bn of the amount.
Fashola also stated that as of July this year, N70bn had been paid out to contractors, project managers and consultants for roads and bridges, adding that with the payment, the various contractors had since returned to site.
He listed the road projects where the contractors had returned to site to include the Kano-Katsina Road, Kano-Maiduguri Road, Ilorin-Jebba Road, Loko-Oweto Road, Lagos-Ibadan Expressway and the Port Harcourt-Enugu Road, among others.
We Have Paid N700 Billion For Road Projects – Fashola
We Have Paid N700 Billion For Road Projects – Fashola - written by Ogundokun Ayobami , published at 15:02 . And have 0 comments
No comment Add a comment
Cancel Reply
Created by Prince Nelson - Published by Magic-Guys
Powered by Blogger