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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.
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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