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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.
Nigerian businessman Isaac Fayose has spoken about what he considers one of the country’s biggest problems, stating that many Nigerians are worried about government taxation, insecurity, and the increasing rate of kidnappings for ransom.
He lamented the situation and criticized the government, arguing that these issues have become deeply rooted and that there appears to be no lasting solution in sight.
According to him “In Nigeria we have two governments. One is collecting tax, the other one is collecting ransom. Both of them have one thing in common which is to make life difficult for their people.
The one that is collecting tax without doing anything will come and share you rice and semolina. The one that is collecting ransom is doing giveaway on social media.”
It was reported that bandits were seen in Kwara State and abducted six residents from Rukpete Village.
The incident was reported to have occurred on June 8 at about 11 p.m.
Sources revealed that seven people were initially taken, but an elderly man was later released, leaving six victims in captivity.
The rising cases of insecurity in the country remain quite alarming.
The state of the country is affecting many people, as they believe nowhere is safe, including schools where they keep their children.
It has been reported that some parents have started withdrawing their children from schools in Abuja.
It can be noted that rumours of bandits being sighted near a school triggered panic, causing parents to hurriedly remove their children for safety.
While the reports of bandits have not been confirmed, the school has also issued safety measures to ensure the protection of students within the premises.
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