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Lack of Fund Hinders Road Construction in Nigeria – Fashola
The Minister of Works and Housing, Babatunde Fashola, Thursday identified lack of fund as the bane of poor road network in the country.
He also disclosed that there are over 500 roads across the country requiring rehabilitation but for poor budgetary funding.
Fashola stated this during the 2020 budget defence before the joint interactive session of both House of Representatives and Senate in Abuja.
However, the Minister said that the Federal government only captured those critical roads with economic value for attention in the 2020 budget.
Further, Fashola underscored the importance of private partnership on road construction to make significant progress in the sector.
Also, he added that the Federal government required external sources such as Sukuk and other investments, where money would be saved and used whenever needed for critical roads construction in the country.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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