Current Time: December 18, 2014 10:30:51am Last Update: December 18, 2014 01:07:47am
Forum | Conference | Concepts | Research | TrueColour | Business Developemnt         
Live Streaming | iWitness | Register | Login | Subscribe         

Stock Watch:
Nigeria > Nigeria
Works minister claims 96% implementation of 2012 budget *FG to decide on Lagos-Ibadan Expressway in two weeks
By Victor Iluyemi
August 9, 2012 20:17:12pm GMT | Views: 22
Nigeria wealth distribution

Abuja (WorldStage Newsonline)-- Nigeria’s Minister of Works, Mr. Mike Onolememe said on Thursday that his ministry has achieved 96 per cent implementation of the 2012 budget.

Onolememe who disclosed this while briefing State House Correspondents at a media parley organised by the Presidential Media Adviser, Dr Reuben Abati on the budget 2012 implementation level of his ministry, also said that the Ministry had received N44 billion out of the capital budget of N159 billion.

He also said that decisions will be taken on the Lagos-Ibadan Expressway in the next two weeks, saying, it is engaging the concessionaire- Bi-Courtney Limited in a bid to find a way forward.

He noted that the Lagos- Ibadan Expressway is very topical and it came up for discussion while briefing President Goodluck Jonathan on Key Indicator performance of his ministry for the year.

He further disclosed that a meeting was held on Tuesday with President on the issue and that the ministry was also engaging the concessionaire, Bi-Courtney.

“A meeting was held on Tuesday with President on the issue. We are also engaging the concessionaire, Bi-Courtney."

Stressing further that "there has been a series of meetings; the meetings will end next week. Once that meeting is held, the way forward will be known to Nigeria.

 "What is important is that the Federal Government is committed to delivering that road and committed to doing so quickly."

  He also listed the Benin-Ore-Shagamu Expressway, Lokoja- Abuja Expressway among other  roads that are being given priority.

Given breakdown on the spending of the ministry, Works Minister, said the Highways Department got N38 billion and already  expended about N37 billion on projects and programmes which represents about 96 per cent performance.

According to him, no fewer than 12 road projects have been completed while 156 are ongoing.

The Minister said, his ministry was committed to achieving the key performance indicators-  reducing travel time by 30 per cent, reducing cost of maintaining vehicles by at least 25 per cent as well as reducing fatality incidence and accidents rates on our roads by as much as 30 per cent.

He noted that the President was told areas requiring attention and the plans for 2013.

According to him, "today we made a presentation to Mr. President on matters arising from the implementation of Ministry of Works 2012 budget. We briefed on our projects and Programme and our outlook for 2013.

"Basically, I want to state that the federal Ministry of Works has received about N44 billion out of that we have recorded a performance of about 93 per cent.

"Specifically, in the High Ways Department, about N38 billion has been released and we have expended about N37 billion on projects and programmes which represents about 96 per cent performance.

"We also briefed Mr. President on some of our achievements thus far and some of the problems we are encountering in the implementation of the budget and of course in the sector generally. We also briefed Mr. President that 12 roads projects have been completed and 156 are ongoing".

On his part, the Minister of State for Works, Ambassador Bashir Yuguda said the Federal Road Maintenance Agency (FERMA) has been repositioned for better performance. According to him, the ministry has acquired state-of-the-art equipment that have been deployed to about 32 states of the federation.

"Through FERMA, we intend to create jobs for about 10,000 people around the country. It is essentially to engage our teaming youths in order to tame the kind of problem we are having nationwide", Yuguda said.

Share |







Share |




ADVERTISEMENT



:: Survey & Poll ::