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President Buhari Inherited N1.5tn Debt on Road Contracts – Fashola

President Muhammadu Buhari inherited road contractual liabilities worth N1.5tn, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said.

Fashola said this in a statement made available to our correspondent in Abuja on Sunday by his Special Adviser, Communications, Mr. Hakeem Bello.

The minister said the ministry inherited 206 roads that were not budgeted for or poorly funded, but added that it had now developed a road map consisting of identifying and prioritising heavy traffic bearing roads for conveying essential goods and services across the country.

He said, “We have to build roads that evacuate our sea and airports; roads that drive our energy for now; roads that go to the tank farms to evacuate fuel from the South to the North; and roads that sustain us, that is roads that bring in our feed stock, cattle and vegetables and livestock from the North down to the South.

“And that is why you see us building from Lagos to Ibadan, to Ilorin, to Jebba to link all the way to Kaduna and Kano, and go on up North. And we are doing the same thing trying to connect River Benue through the Loko-Oweto Bridge and the Second Niger Bridge; Kano-Kaduna, and Kano-Maiduguri. Those are the choices we have made because this is a period of hard choices, trying to do more with less.”

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Fashola added, “Those are the choices that we have made; they are not esoteric choices, they are simple and rational choices. All the roads we are working on had been awarded before I got into office by the previous administration – over 206 roads. You don’t have resources to build 206 roads; so, where you put your limited resources is in those areas.

“The total outstanding contractual liabilities are in the region of N1.5tn and this administration is taking them in batches, starting from the critical heavy traffic highways that evacuate goods from ports, fuel from tank farms and move foodstuffs and agro-produce across the country.”

The minister also said Nigeria lost more than 3,000 megawatts of electricity to the activities of vandals in the last six months.

Fashola said this in a presentation titled, ‘Leadership and the Politics of Reforms in Africa: Lessons from Nigeria’ at the Wilson Centre, Washington DC, United States.

The minister added that electricity supply increased by 4,00MW in the last two weeks due to increase in the generating capacity of the hydropower plants occasioned by the repair and maintenance carried out on them in the last one year.

He attributed the loss of over 3,000MW of power to consistent vandalism and sabotage of oil and gas pipelines and assets.

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