Categories: BusinessNews

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.

The government also allocated N548.56b for road 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.

The budget also made provisions for the construction of culverts and drainage in flood-prone areas on federal roads in the South-East zone at the cost of N3.03bn; N10.7bn for the counterpart funding for the expansion of the Abuja-Keffi carriageway while the rehabilitation of three sections of the Lokoja-Abuja road got N6bn, dualisation of Suleja-Minna road phase II in Niger State got N500m.

VOP Lagos

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