Minister of Works and Housing, Babatunde Fashola, said the federal government is currently undertaking 895 road and bridge contracts as well as fixing
He said with such activities, it was clear that infrastructure development is the sure and legitimate way of growing the economy and delivering prosperity to the citizenry.
The minister in a statement signed by the director of press and public relations, Boade Akinola, said, “Infrastructure is a legitimate way to grow the economy and deliver prosperity to the citizenry.
According to him, the priority given to infrastructural development, informed the need to improve road transport infrastructure assets and formulate policies to address the problem of deteriorating public assets. Fashola said due to paucity of fund, government had to look for alternative sources of funding which include the Presidential Infrastructure Development Fund, SUKUK fund, Road Infrastructure Tax Credit Scheme , Multi-lateral loans/grants and collaboration with other government agencies like North East Development Commission in order to achieve the objectives of the Economy Recovery and Growth Plan .
He also listed the rehabilitation of 60 bridges across the country, scheduled maintenance of 5,461.88km of roads and 8,000km of highway maintenance which include vegetation control, desilting of drains, sleeves and ducts by the Federal Road Maintenance Agency and the rehabilitation/maintenance of 24 federal secretariats across the country as some of the results of the investments in infrastructure.
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