Babatunde Fashola, the minister of works and housing in Nigeria has on Wednesday, November 3, announced that the country does not need new roads projects.
He said this when he showed up before a house of representatives committee on works on attempts to shield the ministry’s budget.
According to him, the number of projects is expanding and Nigeria all should figure out how to go to an agreement on the grounds that our income isn’t expanding at the same exponential rate.
Babatunde Fashola added that limited resources in Nigeria should rather be directed to deserted and uncompleted projects.
Fashola said;
“The number of projects is increasing and all of us must find a way to come to a consensus because our revenue is not increasing at the same exponential rate.
“What we are seeing every year is that we appropriate for a very token amount for a project of certain quantum.
Now, once the award is done, the question of financing becomes a challenge.
“With the inflation and everything, there must come a time and I think that time is now; Mr chairman and honourable members, enough of new roads and new projects.
“Let us concentrate our limited resources to complete or progress some of what we have started. In finding the solution, I will be happy.
There are a couple of roads in Osun and we cannot finish all of them in one budget cycle.
“If the parliamentarians from each state can come together and say, this is on priority project for us and decide that let us move our zonal intervention project and say this is what we want to achieve this is an honest conversation we must have.”
The Minister likewise asserted there ought to be an increased revenue generation to lessen borrowing as loans has turned into an issue of worry in public space.
CREDIT: LindaIkejiBlog
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