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We Inherited N2trn Road Contracts – Fashola

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The minister of Power, Works and Housing, Babatunde Fashola, has said that President Muhammadu Buhari’s administration inherited over 200 roads contracts either uncompleted or abandoned amounting to N2trillion. The minister stated this in his keynote speech to delegates at 24th National Council Meeting on Works held in Birnin Kebbi on Wednesday.
According to him a little over N500billion payments was made by previous administration. Fashola said some of the roads contracts were awarded for over 10 years but inadequate budgetary allocation and funding by previous administrations delayed their completion.
“Many sites abandoned, workers laid off and equipment grounded, this is where Buhari picked up “, he said.
He explained that the Buhari government came into governance when the proceeds from oil was significantly low but managed to raise the budget size from N4 trillion to N6 trillion and mobilised contractors back to sites.

He also said that in 2016, government increased capital spending to 30 per cent even when it was getting less income, which was partly funded by borrowing to finance the deficit.
The minister assured federal government’s commitment to complete abandoned or uncompleted road projects, and emphasized that there is no state in Nigeria that the Buhari administration is not executing one project or another.
He however lamented that insecurity in some parts of the country is responsible for contractors abandoning projects sites and called on traditional, religious and political leaders to support government’s efforts in restoring peace.



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