All Progressives Congress(Apc)

All Progressives Congress(Apc)

APC Group Lauds Buhari's Feat In Roads Infrastructure

APC Group Lauds Buhari’s Feat In Roads Infrastructure

8/5/2021 12:59:00 PM

APC Group Lauds Buhari’s Feat In Roads Infrastructure

A think-tank of the All Progressives Congress (APC) under the umbrella of Legacy and Awareness Campaign (APC-LAC) has praised the current administration

The group cited the over 900 active road contracts, covering the construction, reconstruction and rehabilitation of more than 13,000km of federal roads and highways which are currently ongoing nationwide as evidence.In a statement released in Abuja and jointly signed by four leaders of the group: Barr. Ismail Ahmed, Mr. Lanre Issa-Onilu, Mr. Tolu Ogunlesi, Mr. Salihu Moh. Lukman, the think-tank insisted further that the stretch of roads covered is out of a total of 35,000km of federal roads in existence in the country.

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ADVERTISEMENTThey stressed that in order to break the financing jinx for large-scale infrastructure projects, the Buhari administration has implemented a number of landmark and innovative methods.According to the group, the Buhari administration has increased the amount of funding available for road projects, while also ensuring the resumption of work on abandoned projects, adding that in 2016, the President’s first full year in office, the roads budget went up to 260 billion Naira, for which about 200 billion Naira was released, as against a paltry 18 billion Naira budgeted by the past PDP government.

The statement said notable among the initiatives included the setting up of the Presidential Infrastructure Development Fund (PIDF), in 2018, with $650m in seed funding, deploying and executing of Presidential Executive Order 7, the Road Infrastructure Tax Credit Scheme, launching of the Highway Development and Maintenance Initiative (HDMI).

Others included approving the establishment of a multi-billion dollar Infrastructure Corporation, InfraCorp, to mobilize and deploy funds towards viable, transformational infrastructure projects, issuance of Sovereign Sukuk Bonds (the first in the country’s history) dedicated to road infrastructure, and approving the National Public Buildings Maintenance Policy, the first in the country, to create an economy out of infrastructure maintenance.

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