Senate summons Ahmed, Fashola, AGF over N2.7tr FG’s legacy road projects
The Senate, on Tuesday, summoned the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, over the funding status of three Federal Government legacy road projects estimated to cost N2.7trillion.
Also to appear before the Committee are the Minister of Works and Housing, Babatunde Fashola, Accountant General of the Federation, Ahmed Idris and the NSIA boss, Orji.Orji told the lawmakers that the Federal Government established the Presidential Infrastructure Development Fund in February 2018, to accelerate the execution of “certain critical, strategic infrastructure projects essential to the rapid growth and modernization of the nation’s economy.
He said that the NSIA is to provide $300million, China Exim N1.423 billion, second seed funding $650million and other sources $770million.He said that the NSIA has so far expended the sum of N231.8billion on the three projects as follows: Lagos-Ibadan , 2nd Niger Bridge and the Abuja-Kano road . He noted that the construction contracts were executed between the Federal Ministry of Works and Housing and the Contractors before they were transferred to the PIDF, “therefore, all information and documentation relating to the projects prior the handover should be sought from the FMWH.”However, the lawmakers disagreed with him and sought to know why he claims that the projects are being managed by the NSIA but yet refused to inherit the assets and liabilities of the projects.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Buhari names railway station after Jonathan, Awolowo, Osinbajo, Tinubu, othersThe railway stations are along the Lagos-Ibadan and Itakpe/Ajaokuta/ Aladja/Warri corridors
Read more »
Buhari names railway station after Jonathan, Awolowo, Osinbajo, Tinubu, othersThe railway stations are along the Lagos-Ibadan and Itakpe/Ajaokuta/ Aladja/Warri corridors
Read more »
Arik Air reconnects Kano, Yola | Premium Times NigeriaArik Air will be operating separate flights from Abuja to Kano and Yola.
Read more »
FG names railway stations after Tinubu, Saraki, Soyinka, othersPresident Muhammadu Buhari has named railway stations along the Lagos-Ibadan and Itakpe-Ajaokuta-Warri corridors after some prominent...
Read more »
Fashola Inspects Federal Road Projects In Lagos, Appeals For CooperationFashola Inspects Federal Road Projects In Lagos, Appeals For Cooperation
Read more »