“Inadequate Funding Has Slowed Down Construction on Road Projects, N6.26 Trillion is Needed to Continue” – Fashola

“Inadequate Funding Has Slowed Down Construction on Road Projects, N6.26 Trillion is Needed to Continue” – Fashola

Minister of Works, Babatunde Fashola explained that the Ministry need about N6.26 trillion to complete about 711 federal high road projects across the country.

The Minister who spoke while defending the 2021 budget estimate of the Ministry before the House Committee on Works headed by Hon. Abubakar Kabir Bichi however said that inadequate funding has slowed down the pace of work on the road projects.

Fashola said it was difficult for the Ministry to accomplish all its objectives due to paucity of funds, but said that rather than expanding the projects being financed through Sukuk, efforts should be channeled toward the completion of the entire green network covering the four major ports, Lagos, Warri, Port Harcourt and Calabar.

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