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Federal Government Guarantees Completion of All Ongoing Road Projects with New N6.2 Trillion Funding
The Nigerian Federal Government has committed to ensuring that all current road projects will be completed, regardless of whether they were inherited from previous administrations or are newly initiated.
This assurance was provided by the Minister of Budget and National Planning, Senator Atiku Bagudu, during an interactive session held over the weekend in Abuja. The session was with the Senate Committee on Appropriations, led by Senator Solomon Ademola (APC Ogun West).
At the meeting, Bagudu discussed the National Assembly’s recent approval of a supplementary appropriation of N6.2 trillion for the 2024 budget, a request made by President Bola Tinubu.
This supplementary funding aims to address ongoing infrastructural needs and ensure that none of the road projects will be left unfinished.
Addressing concerns from committee members about the status of various deplorable roads and incomplete projects in their constituencies, Bagudu assured them that the Federal Government remains committed to completing all ongoing roadworks.
He emphasized that the government is not prioritizing innovative projects at the expense of existing road projects. Instead, he reassured that the Federal Executive Council (FEC) will continue to review and approve financial resources for road projects as funds become available.
While Bagudu did not provide a detailed breakdown of the supplementary appropriation, he did offer a sectoral overview. This includes the allocation of N3.2 trillion to the Renewed Hope Infrastructure Projects and an additional N3 trillion increase in the recurrent budget component.
Bagudu acknowledged that previous under-investment in infrastructure had been a significant issue, impacting the country’s development. He praised President Tinubu for his decisive action to address this deficit by securing funding for major projects such as the Lagos-Calabar coastal highway, the Sokoto-Badagry highway, and the Trans-Sahara highway.
These projects are expected to boost economic activities and enhance the nation’s revenue, leading to substantial economic transformation and improvements in the country’s infrastructure.
Senator Solomon Adeola, Chairman of the Senate Committee on Appropriations, expressed confidence in the government’s ability to finance the 2024 budget.
He requested that the minister provide a detailed breakdown of the N6.2 trillion approval to the committee as soon as possible to ensure transparency and effective oversight.
The Federal Government has announced an extension of the NYSC programme. It can be noted that the NYSC camp orientation is usually for three weeks before the youths go out to gain experience, employment, and serve the country for one year.
However, the FG announced that the passing-out parade from camp will be cancelled, and corps members will now spend six weeks in camp instead of three weeks.
“The first two weeks speak to laying a foundation on civic responsibility. The next two weeks will look at career mapping, basic accounting literacy skills, business planning and access to finance. The final two weeks, we intend to have focused corps-stream-specific training aligned with the corps member’s designated stream based on his choice, academic background and skills profile.”
With the rainy season in Nigeria, many are wondering if the increase in flooding has now become the new normal. Lots of videos, clips, and complaints have literally flooded online, showing how badly roads, homes, and other places have been affected.
We were used to hearing about the rise of water on the Island since it is literally surrounded by water, but now floods are being spotted on the Mainland as well.
We may not know exactly why this is happening, but one thing is certain—we urgently need a lasting solution.
The federal government reacted to claims stating that the new tax rules will be imposed on telecommunications and petroleum products for Nigerians.
The FG released a statement to explain the process and stated that there is no intention to place taxes on telecom and petroleum products and services.
“Those recommendations do not amount to government policy and are not binding on Nigeria. Decisions on tax matters are taken through established constitutional and legislative processes and are guided by national priorities and prevailing economic realities.”
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