₦airaland Forum

The Minister of Works, Mike Onolememen, said the
ministry’s N100bn proposed budget for 2015 was
slashed by the Ministry of Finance to N11bn,
representing an 89 per cent slash.
Onolememen, who was in the Senate to defend his
ministry’s estimates for the fiscal year, added that
no sum was approved for the Federal Roads
Maintenance Agency’s capital projects and the
Office of the Surveyor -General of the Federation.
He said the Finance ministry predicated its action on
the economic realities on the ground.
The minister expressed concern that only 33 out of
the 210 ongoing road projects had been provided for
in view of the “lean allocation” to the ministry.
He also said the provision was not sufficient to
encourage contractors to sustain appreciable
progress on their work sites.
Onolememen added, “No provisions have been
made for other departments of the ministry such as
Road and Bridge Design Department, Mechanical
and Electrical Department and the Service
Department.”
The minister also disclosed that since 2011, the
ministry had always been owed outstanding
budgeted funds.
He said, “Only N45, 682, 844, 395.00bn was
released for the works ministry out of 2014 capital
appropriation of N98, 814, 368, 704bn . This leaves
a balance of N53, 131, 524, 309.00 not released as
of December 2014.
“It is important to emphasise that the performance
of the ministry would have been considerably
enhanced if the outstanding budgeted funds of
N53.131bn had been released to the ministry.
“More importantly, if the cumulative outstanding
budgeted funds of N203, 392, 075, 947.25 for the
period spanning 2011 to 2014 had been released,
the total indebtedness would have been brought
down from N230bn to N27bn”
He however said that due to the lean capital budget,
a model of Public Private Partnership was being
explored to ensure that more capital projects were
carried out this year.
Most members of the Senate Committee on Works
described the budget of the ministry as laughable .
The Chairman of the committee, Ayogu Eze, said the
budget was very terrible for a sector that needs at
least N500bn annually for road construction and
maintenance.
“To now be given just N11bn, means the ministry
would need a magician to perform wonders.
“The picture being painted by this budget profile is
very grim. We are in a period of crisis which we
must all manage very critically.”

www.punchng.com/news/fg-slashes-works-ministrys-budget-from-n100bn-to-n11bn/

How will they complete d second Niger bridge wt diz budget? what abt all d uncompleted projects on ground and yet he keeps on sharing dollars.....God punish anyone who doesn't want a positive change in diz country
As for me,my friends and family,#WeHaveDecided

Yet billions of naira criss cross the country every day in a vain attempt at breathing life into a comatose reelection bid.

PDP and insane people will not kill me abeg no good news for 4 years Nigerians can do whatever they want with their destiny. The only people with good news are thieves that benefit directly and indirectly from Jonathan.

pls am i in FTC United dis morning...?

oluwa ese ooo


bt....cant d presidency's feeding alowee get slashed as well....imo



less i forget, i just joined Nairaland today oooo.

#TeamGMB pls am i in FTC United dis morning...?

oluwa ese ooo


bt....cant d presidency's feeding alowee get slashed as well....imo



less i forget, i just joined Nairaland today oooo.

#TeamGMB

Tunjasko:
How will they complete d second Niger bridge wt diz budget? what abt all d uncompleted projects on ground and yet he keeps on sharing dollars.....God punish anyone who doesn't want a positive change in diz country
As for me,my friends and family,#WeHaveDecided

Amen
#IfollowUnaDecide

Means more bad federal roads, no new roads and bridge and more pain and misery for nigerians...

#ThankGodI#Decide.

Tunde Bakare : Jonathan's destiny is to bankrupt Nigeria

confirmed.

Jonathan has bankrupted Nigeria

Ngo baby, how market? Ö na ga gwa? Slash, slash everywhere. JV contribution slashed by 30%, budget of works ministry slashed by 89% . Hope workers would at least get their chop money?