N200bn inadequate, N7tn needed to complete ongoing road projects – Lawmaker - Punch Newspapers

The Completed Section of the Kara end to Berger Bus Stop of the Lagos – Ibadan Expressway on Saturday. Photo: FMW&HThe Deputy Minority Leader of the House of Representatives, Toby Okechukwu, has said there is no end in sight to bad roads in the country unless the issues of funding and governance are fixed.

The lawmaker stated this on Television Continental, where he gave insights on the National Roads Fund Bill and Federal Roads Bill, which he sponsored and were recently passed by the National Assembly and transmitted to the President, Major General Muhammadu Buhari , for assent. “So, the National Roads Fund will deal with the sustainable funding of the roads because the annual budgetary interventions are inadequate. It will serve as a repository of funds you can charge from road users, including tolling and weighing bridges. It becomes a fund that will be used for the maintenance of roads. So, the annual budgetary allocation becomes an intervention, not the main source of road maintenance.

Upon that they will still build rubbish 🤷!.

Why u no sell CBN to china then so that u can build roads

Govt is the cause of bad economy which has led to increase in cost of materials. Now they're using same thing exploit the spoilt economy all in the name of usel€ss projects.

We hear great amount of money but we see horrible results

N7tr sef no go reach, make una dry dry national treasury

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NNPC’s Monthly Deductions from FAAC Hit N200bn in December*Nine-month petrol subsidy payments gulp N1.027tn *FG vows to tackle cooking gas price hike *Says PIA will boost per capita consumption of the product Emmanuel Addeh in Abuja and Francis Sardauna i…
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

Budget office disagrees with ICPC, says 185 projects duplicated in 2021, not 257 - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »

Nigeria needs rebuilding plan to overcome woes – Gbajabiamila - Punch NewspapersThe most widely read newspaper in Nigeria Keyword changed from CHANGE to REBUILDING. Do you mean restructuring? Say the word, why scared to use it? Clowns as leaders And what have been up to all this while Mr speaker? Approving loans for sharing amongst yourselves.... Criminals
Source: MobilePunch - 🏆 8. / 63 Read more »

Nigeria needs unifiers, not just achievers – Osinbajo - Punch NewspapersThe most widely read newspaper in Nigeria The one's you killed at lekki shey Shey en gbo werey ? 😂
Source: MobilePunch - 🏆 8. / 63 Read more »

Lagos Government Seals Off Dowen College As Investigation Into Death Of 12-Year-Old Pupil Begins | Sahara ReportersThis was confirmed by Lagos State Commissioner for Information, Gbenga Omotosho, to Punch newspaper. Karma don come oo 🤓 Just imagine if this had happened in the 1990's or early 2000's when there was little or no social media. Who are the investigators, Nigeria police that can be bribed with N50? That's BS. Immediately after the press statement from Dowen College Mgt, next is police starting investigation. The orchestral is debased, we want an external forensic team of journalist justiceforslyvester
Source: SaharaReporters - 🏆 9. / 63 Read more »

Mentoring of potential successors crucial to family business continuity –Experts - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »