Fidelity bank banner Bayelsa State banner
FG to refund money states invested on federal roads

By News Express on 05/02/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,283

 •Babatunde Fashola.
•Babatunde Fashola.

Minister of Power, Works and Housing, Mr. Babatunde Fashola, says the Federal Government hopes to raise bonds to refund billions of naira used by state governments to repair federal roads.

Fashola made this known in Enugu on Saturday, when he paid a courtesy call on Gov. Ifeanyi Ugwuanyi before he inspected federal roads under construction in the state.

He said that the Federal Government had assessed claims by state governments that invested on such road projects, adding that plans were being made to refund the money. “We have also been briefed about your intervention on certain federal roads.

“My message from the Federal Government is that we have completed the assessment of all these claims and our plan is to issue bonds to pay those monies and then we pay the bonds back over time.”

The minister appealed to state government to assist contractors handling federal roads in their state to secure the right of way, adding that the contractors had mobilised to sites.

Responding, the governor who was represented by his deputy, Mrs Cecelia Ezeilo, appealed to the Federal Government to refund the more than N25 billion the state expended on the rehabilitation of federal roads across the State.

Ugwuanyi said that the people of the state had continued to suffer untold hardship as a result of the deplorable conditions of the roads. He said that the neglect of the federal roads in the South East, especially in Enugu, necessitated the intervention of the state government.

“The people of the state, and indeed the entire South East region, have for long suffered untold hardship arising from the collapse of most of the federal roads.

“This of course, has been a great cause for concern for us as a people and has continued to attract comments and complaints from well-meaning citizens and organisations across the country and even beyond,” he said.

He said that the refund would assist the state settle other critical areas of needs. Ugwuanyi assured the Federal Government of his administration’s readiness to assist in obtaining right of ways to facilitate work on the roads. (NAN)

Source News Express

Posted 05/02/2017 3:04:25 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
National Conference agrees on time frame for fuel...

Brighton beat Man Utd to secure Premier League...

N3bn car loan to legislators: Bayelsa Govt, workers...

Nigeria loses N94bn to gas flaring in 3...

PDP condemns Obiano over LG expenditure •Calls for...

Anglican community demands emergency on South-East roads

Abuja hotels reduce room rate by 50 per...

Osinbajo signs 7 bills into law

Restructuring: Why Buhari directed agitations to National Assembly...

Battle of Cuiaba (Brazil): Keshi unleashes Osaze, Emenike...

Rivers bye-election suspended due to widespread violence

EFCC arrests Abia governorship contender Uche Ogah

 

Latest News Army begins search for missing General in Plateau Atiku names Iwuanyanwu, 58 others into PDP ‘nomination council’ Buhari lacks vision, capacity to develop Nigeria — Saraki •We must move away from bigotry, says Dickson 2019: PDP accuses APC of stockpiling arms in Bayelsa Rights group condemns military invasion of Plateau community Abuja tremor: FG predicts further quakes N3.2bn Fraud: More trouble for Orji Kalu Osun Election: Court restrains police from arresting Adeleke Nigeria Air: PDP demands Minister’s arrest FG, security agencies should free Leah Sharibu, others now — CAN president Osinbajo, Okowa inspect flood ravaged communities •VP lauds Governor for taking proactive steps to check effects of flood Dogara: APC treated us as strangers, failed to keep promises

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (394,980 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (375,990 views) Shameless Genevieve Nnaji exposes breasts in public (307,567 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (250,050 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (231,584 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (221,314 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (199,498 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (181,109 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (165,215 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (163,082 views) Lagos plane crash: Journalist releases victims’ names (157,788 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (146,612 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (62) Business & Economy (3,612) Business Verdict (52) Columnists (931) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (547) Features (652) Global Business Monitor (301) International (2,414) Interview (164) Live Commentary (28) Love Matters (143) News (39,012) Opinion (1,106) Pidgin (11) Politics (6,659) Religion (868) Sports (1,697) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

I am Imo State's New Governor -- Okorocha's son-in-law Uche Nwosu...

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement