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Wike Tells FG To Fund East West Road From Sovereign Wealth Fund - Politics - Nairaland

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Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Weneda(m): 6:05pm On Dec 10, 2020
Rivers State governor, Nyesom Ezenwo Wike, has advised the Federal Government to include the East – West road among the critical infrastructural projects being funded from the coffers of the nation’s Sovereign Wealth Fund.

The governor, has also noted that the Federal Government’s directive stopping State governments from funding the construction or rehabilitation of failed federal roads is inimical to the effective development, management and maintenance of road infrastructure across the country.

He made this assertion in his opening address at the 26th meeting of the National Council on Works in Port Harcourt on Thursday.

Governor Wike, said the theme of the meeting: “Infrastructure Development, Job Creation and National Economic Growth” fits to the generally held view that road infrastructure plays a critical role in enabling economic development, poverty reduction and inclusive progress.

Governor Wike pointed out that the East – West road which is too important to the economic prosperity of the South-South region and the nation has been under construction for over 15 years, yet a completion date is still not in sight.

He urged Federal Government to urgently consider funding the East-West Road from the Sovereign Wealth Fund to guarantee its completion by 2022 as being taunted by the Minister of the Niger Delta.

The governor observed that presently the Federal Government appears overwhelmed with the construction and provision of too many road projects across the country. He then suggested that it would have been better for the Federal Government to complete most of the on-going roads before embarking on new ones.

Governor Wike, advised the Federal Government to reconsider its directive stopping State Governments from funding the construction or rehabilitation of failed federal road which if not promptly fixed will upset economic growth in the affected States and challenge the wellbeing of citizens.

“It makes progressive sense as a development strategy therefore for State Governments to reconstruct such federal roads with reputable contractors on behalf of the Federal Government and get refunded after due verification of the price and quality of work done.

“The Federal and State Governments need to consult and collaborate regularly to accelerate the delivery of road infrastructure to advance and realize the hopes and aspirations of our people for development and decent living.”

Governor Wike explained that the State government is presently constructing six flyovers a federal government road to ease the perennial traffic congestions on the problematic intersections of Port Harcourt – Aba expressway.

“Let me therefore appeal to the Federal Government to continue to collaborate with the State Governments on road development by allowing States to fix federal roads with the assurance of a refund.”

The governor stated that his administration has consistently dedicated over 65% of the State budget annually for the construction of new roads or the reconstruction and or maintenance and rehabilitation of existing roads across the State, including federal roads.

“The result is the unprecedented delivery of close to 900 kilometres of roads, bridges and flyovers spread across the length and breadth of the State, including some of the far-flung communities that have now been linked by roads for the first time.”

Minister of Work and Housing, Babatunde Fashola said the covid-19 pandemic brought to the fore the importance of human mobility to the health of any economy with the urban poor appearing to be the worse hit as a result of the lockdown.

According to him, part of measures adopted by the Federal Government to kick-start economy recovery processes was to focus on agriculture including the resumption of construction work in 26 states with its attendant multiple effects on local economy.

Mr Fashola explained that against the former practice of flexible pavement connection module that was cost intensive, but his ministry is ready to unveil the rigid design manual which is cost effective and will guide construction activities in the country.

Chairman of senate committee of works, Senator Adamu Aliero who advocated the setting up of infrastructural bank as an alternative source of funding of federal road projects said it has become practically difficult for the Federal Government to fund the 711 roads captured in the federal budget.

Rivers State Commissioner for works, Elloka Tasie-Amadi said it has become more imperative for present generation to plan for the future and end the perennial road infrastructural deficit expletives today.


KELVIN EBIRI
Special Assistant (Media) Rivers State Governor

December 10, 2020
https://www.channelstv.com/2020/12/10/wike-tells-fg-to-fund-east-west-road-from-sovereign-wealth-fund/

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Designsking: 6:10pm On Dec 10, 2020
Hnnm
Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by hammerDK: 6:34am On Dec 11, 2020
WIKE HAS NO BASE, NO SUPPORTERS AND NO POLITICAL VALUE


THE PEOPLE AROUND WIKE SHOULD TELL HIM TO LEAVE NIGERIA POLITICS.

WIKE SHOULD STOP GOING AROUND, HE STINKS OF OBIIGBO BLOOD AND PEOPLE DONT WANT TO SEE HIM.



IF ELECTIONS WAS TODAY IN RIVERS STATE, WIKE WILL BE EX GOV.

31 Likes 5 Shares

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by paulolee(m): 6:34am On Dec 11, 2020
k
Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by hinere(m): 6:34am On Dec 11, 2020
When I hear FG...all I see is Politicians who keep making money off us daily. These Politicians have lots of money stacked up in their Bank Account and they would be coming out to be doing one kind.
The truth is these men Invest all their money to generate more money for them. They all have series of Investments you won't know cos they don't tell. That's why even at their Old age, they keep raking in lots of cash.
Nigerians need to wake up to Investments.
Nigerians need to start thinking Smart.
Saving money in the Bank will not add anything to it.
The hottest investment now is LAND BANKING.
That is, putting your money on LAND for it to grow.
When you put your money on Land Banking, you make 38% ROI In Months. And you get a Land worth of your investment., Insurance Bond and Post Dated Cheque.
To know more about this and how to Invest, Click this thread below.

https://www.nairaland.com/6307677/invest-land-banking-make-38
Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by chrisxxx(m): 6:35am On Dec 11, 2020
I support this

3 Likes

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Olawumi1032(f): 6:35am On Dec 11, 2020
Alright
Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Iamthomcruz: 6:35am On Dec 11, 2020
wike onye ike

2 Likes

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Simplebeauty: 6:36am On Dec 11, 2020
grin
grin

1 Like

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by slawormiir: 6:37am On Dec 11, 2020
Damnnn niggarrrr
Isoright

2 Likes

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by valentinenkem: 6:38am On Dec 11, 2020
My governor

2 Likes

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by AgroSeeds: 6:38am On Dec 11, 2020
Nice... As long as it will benefit the poor masses its a wonderful project. Most roads in Southern Nigera are death traps.

Then there should be accountability of funds used in the execution of the project. This country get as e be.

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2 Likes 1 Share

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Sunnycliff(m): 6:39am On Dec 11, 2020
The decision of the FG telling state government to never work of federal roads is a devilish thought.

4 Likes

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Goldp5988(f): 6:39am On Dec 11, 2020
FG should please listen to Wike because that road is a dead trap

5 Likes

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by 1bunne4lif(m): 6:41am On Dec 11, 2020
me i don tire for that road matter. because of that road our property was pulled down and yet no progress.

1 Like

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Goldp5988(f): 6:41am On Dec 11, 2020
hammerDK:


WIKE HAS NO BASE, NO SUPPORTERS AND NO POLITICAL VALUE


THE PEOPLE AROUND WIKE SHOULD TELL HIM TO LEAVE NIGERIA POLITICS.

WIKE SHOULD STOP GOING AROUND, HE STINKS OF OBIIGBO BLOOD AND PEOPLE DONT WANT TO SEE HIM.



IF ELECTIONS WAS TODAY IN RIVERS STATE, WIKE WILL BE EX GOV.
Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Cyberterror: 6:43am On Dec 11, 2020
Nyesom Wike should tell his people what he is doing with hundreds of billions of naira received from the 13% derivation. There is little to nothing happening outside port Harcourt. The rest of Rivers State looks derelict and abandoned as Wike continues his Ikwerre supremacy agenda.

8 Likes 3 Shares

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Franklydes(m): 6:43am On Dec 11, 2020
hammerDK:


WIKE HAS NO BASE, NO SUPPORTERS AND NO POLITICAL VALUE


THE PEOPLE AROUND WIKE SHOULD TELL HIM TO LEAVE NIGERIA POLITICS.

WIKE SHOULD STOP GOING AROUND, HE STINKS OF OBIIGBO BLOOD AND PEOPLE DONT WANT TO SEE HIM.



IF ELECTIONS WAS TODAY IN RIVERS STATE, WIKE WILL BE EX GOV.
See the rubbish you spill. with people like you our nation won't move forward.

7 Likes

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by slowice(m): 6:44am On Dec 11, 2020
Nigeria will be constructing same road for years. This road has taken too long yet no head way. Some finished parts ve gone bad while the road is still under construction

2 Likes

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by hammerDK: 6:45am On Dec 11, 2020
Franklydes:
See the rubbish you spill. with people like you our nation won't move forward.


BEING A GOV, IS NO EXCUSE TO SOIL YOUR HANDS IN BLOOD.


PEOPLE HAVE BEEN GOVERNOR AND GONE AWAY QUIETLY WITHOUT SOILING THEIR HAND IN BLOOD.

8 Likes 1 Share

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Generalwoodz(m): 6:46am On Dec 11, 2020
Still building roads after 60years.

60 years of crude oil sales
60 years of petrol dollars earns.

60 years after we're still governed by same leaders of the 60s.

It's 60 years they can't provide common electricity.
We re getting old but nothing to show for motherland
Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by kambili999(f): 6:46am On Dec 11, 2020
Nigeria my country cry
Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Ades1234(m): 6:52am On Dec 11, 2020
Goldp5988:
FG should please listen to Wike because that road is a dead trap
What did Wike told Jonathan when he was a minster under Jim?
The south south leaders are our problems bro,
Wike is drunkard and our brother Jonathan too,

I personally disdain those our leader from the south?
They should shove in there interest and think about the interest of the people,
That East west road can be handle by NDDC if is properly monitor,
The money stood by our so called south south leaders is too much.
I disdained them

5 Likes 1 Share

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Ades1234(m): 6:55am On Dec 11, 2020
We need to call our leaders from the south south to an accountability,

4 Likes 1 Share

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by shankara7: 6:57am On Dec 11, 2020
Goodluck Jonathan was President for 5years and couldn't fix the road. You guys have no moral right to demand for the road to be fixed. If the road was very important your son would have fixed it.

1 Like

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Nigeriabiafra80: 7:02am On Dec 11, 2020
When wike was minister of education
Nigeria student sat at home as a result of ASUU strike for complete 10 months
Same thing we have today
Ok
Jonathan was there why didn’t he construct east west road
Ka odighi anu ihe,o na odighi ahu uzo
If Jonathan is deaf,is he also blind ?
Jonathan is most cluessles stuff to come from south
No single project in his 6years tenure
Wike is also trying to stay relevant after obigbo massacre,but we are waiting for him

2 Likes

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Orjioorji(f): 7:05am On Dec 11, 2020
shankara7:
Goodluck Jonathan was President for 5years and couldn't fix the road. You guys have no moral right to demand for the road to be fixed. If the road was very important your son would have fixed it.
you are right . This so called Niger Delta people are just too stupid.

2 Likes

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by kellybently(m): 7:08am On Dec 11, 2020
Goldp5988:
FG should please listen to Wike because that road is a dead trap
Wike was with pdp for the 15yrs why cant he call federal government then. Only for Julius Berger to sand fill uwnpkolu from Rumokoro rd extract they can't.

1 Like

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by cardoctor(m): 7:10am On Dec 11, 2020
Sovereign wealth. Wtf does that mean? We will still hear story and it won't be completed.

1 Like

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Ades1234(m): 7:11am On Dec 11, 2020
Orjioorji:
you are right . This so called Niger Delta people are just too stupid.
More than stupid bro,
Our leaders are not trying,
Stealing is not corruption runs in their blood,
Really bad of Jonathan

1 Like

Re: Wike Tells FG To Fund East West Road From Sovereign Wealth Fund by Ades1234(m): 7:12am On Dec 11, 2020
We from the south need to wake up and call on our leaders,
NDDC can handle the road ,
Federal government knew that,

2 Likes

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