Abuja - The Federal Government needs N921.4 billion to complete about 195 ongoing road projects across the country.

Minister of Works, Mike Onolememen, who disclosed this to State House correspondents after the weekly Federal Executive Council (FEC), said government had so far spent N1.39 trillion on ongoing road projects.

Giving a breakdown of the projects, the minister said 31 were in the north central zones, covering a total length of 1,054 kilometers, and estimated to cost N262.3 billion.

He said the north east had a total of 30 ongoing projects, covering a total of about 1,461 kilometers at the contract sum of N332.9 billion.

According to him, the north west had a total of 23 ongoing projects, covering a total of about 1,028 kilometer at the cost of N255.5 billion.

The minister said the south east had a total of 40 ongoing projects of about 978 kilometers with contract value of N149.6 billion.

According to him, with the volume of work and financial commitment of the federal government in other sectors, it is no longer feasible that road constructions will continue to be financed through annual budgetary provision.

He added that if government was to depend solely on annual budgetary allocations, the completion of on going roads would take another eight years.

In order to navigate through this challenge, the minister said his ministry was exploring various options to fund projects across the country.

According to him, of N143.5 billion capital budget approved for the Ministry of Works in 2012, only N111 billion was released, out of which N110 was spent and 32 projects completed during the year under review.

He said N85.5 billion from the Subsidy Reinvestment and Empowerment Programme, SURE-P, was being used to fund six projects, including the Lokoja- Abaji-Abuja road.

The Minister of Information, Labaran Maku, described the 2012 performance report of the Ministry of Works as "heartwarming".

He said council expressed satisfaction with it, noting that "this nation can be sure that the federal ministry of works is moving ahead to deliver major roads in the country."

link: http://odili.net/news/source/2013/apr/25/353.html

Chicken change...Nigeria has got it and in abundance .

Let them take from the ones they stole...

Awon Oleee.

yes we are boundring what they are boundring.

let dem come,i will giv dem d whole money.

at the end they will construct less than 5o roads.

Dat na almost like one-fourth of the nations budget . How much for health, education, aviation and power? All dese crooks dem. Na highway to hell una dey construct?

if u want me 2 borrow dem d money click like!

And so make we come start 2 dey contribute money abi..me I no get shinshin..if gov need money make dem use d money wey dem wan give BH nah

WIZGUY69: if u want me 2 borrow dem d money click like!

[size=15pt]If this guy just spat garbage from a latrine in Ajegunle >>>> Click[/size]


[size=20pt]LIKE[/size]

Jona abeg, me dey borrow pple money. u contact me on NAIRALAND

go n take it na.....or don't we av it??

gustdableman: yes we are boundring what they are boundring.

What is he saying

let them contact Madueke, that is chicken change to her

Why are they telling us? Go ahead and complete the roads or do they want us to contribute granet, sand, rod or cash?

This money is indeed huge (almost N1trillion ). The FG should consider using part of the $7bn "Excess crude@ account to fund the construction of the roads.

rozayx5: let them contact Madueke, that is chicken change to her

Lmfao

that one small thing! Bro GEJ come by 6pm and collect it, but make sure say you do the roads oh!!! I done solve that problem now, any other one?

Campaign slush funds now available for PDP.

I can lead Nigeria the money without any interest. You just have to buy the loan application form for just $500 Billion and i will lend you guys N921.4bn or even dash una self

[img]http://adayinthalifeof.files./2009/01/one-billion-dollar.jpg[/img]

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Where are the roads for the SW?

The answer is simple.
1.All you govt officials shuld cut your pay,
2.The President should reduce wastage-food allowance,travelling estacodes,1st ladies house e.t.c
3.Reduce the overbloated civil service
4.Reduce re current expenditure in the budget
5.End corruption
6.employ direct labour for some of the jobs rather than outsourcing all to contractors
7.stop tht armnesty nonsense to those niger delta crooks and BH murderers

Try all this and lets see hw much you will have saved in 6months.

No comments

manny4life: No comments

Someone said Diezani Allison Madueke stole N52 trillion

They "need"?

Who are they kidding. 10% of their stolen money is enough to finish the ongoing projects and even double the number of roads

CFCfan:

Someone said Diezani Allison Madueke stole N52 trillion

That one na serious matter, I wish I was close to her, only 1% is good enough for me

Choi!! This is what I call the "huge-funds".
Anyways ff @brakingnoose for fake naija news

manny4life:

That one na serious matter, I wish I was close to her, only 1% is good enough for me

Lol. But that is still mind-boggling!