Fashola: N157b Works budget insufficient to pay for completed roads
Works and Housing Minister Babatunde Fashola on Thursday painted a bleak picture of Nigerian roads. He told the House of Representatives Committee on Works that the N157 billion allocated to his ministry cannot offset outstanding debts. The minister said the amount of unpaid certificates for completed road projects was N306 billion, while N2.93 billion was pending in unpaid certificates under the multilateral-funded projects. Fashola said the Federal Government will no longer make refund to states who repair federal roads, stressing that states are expected to concentrate on state-funded roads. “When we came in, we inherited quite a number of such
President Buhari Signs 2019 Budget Of N8.91trillion
President Muhammadu Buhari has signed the 2019 Appropriation bill of N8.91 trillion into law few weeks after it was passed by the National Assembly. The budget consists of N4.65 trillion recurrent expenditure, N2.94 trillion capital expenditure, statutory transfer of N502.58 billion, N2.25 trillion for debt servicing. In his remarks after passing the budget, Senate President Bukola Saraki praised the committee and fellow senators for their contributions to the passage of the bill and tasked executive to ensure its full implementation. He said: “I want to thank our colleagues, particularly for their understanding and for us to be able to meet
