Budget: FG to spend N837bn on 2,254 roads, bridges
The Federal Government is planning to rehabilitate and construct 1,925 roads and highways across the country in the 2024 budget proposal, according to findings by The PUNCH. The government also allocated N548.56b for roads construction in 2024, with the East-West and Benin-Akure roads getting N2bn and N3.75bn respectively. This is, however, separate from the N288.44bn allocated for the modernisation of 329 roads and bridges in the 2023 supplementary budget. If road projects in the supplementary budget are added to those in the 2024 budget proposal, it means the government is expected to spend N837bn on 2,254 roads and bridges in the 2023 and 2024 fiscal years. The road projects to be executed under the Ministry of Works also indicated the provision of N1.05bn for the removal of overgrown vegetation on some federal roads. An analysis of the 2024 budget christened, “Budget of Renewed Hope”, showed that the ministry allocated N3.19bn for the purchase of 50 motor vehicles. Some of the road projects to be constructed include the rehabilitation of Kabba- Ayere- Isua- Ipele road in Kogi and Ondo states at the cost of N2.14bn, as well as the construction of Ikot Ekpene border Aba-Owerri dual road at the cost of N1bn.
Punch
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