The most widely read newspaper in Nigeria
Sunday Aborisade, Adelani Adepegba, Okechukwu Nnodim, Adepeju Adenuga, Amarachi Orjiude, Dayo Adenubi and Sami OlatunjiSome stakeholders including the Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry on Thursday warned against the misuse of funds to be generated from tolls on selected federal roads.
One of our correspondents gathered on Thursday that all the 12 federal roads currently up for concession under the Highway Development and Management Initiative of the Federal Government would be tolled. Aside from the 12 roads under the HDMI project, officials of the works ministry confirmed to our correspondent in Abuja that other dual carriageways and bridges would get toll plazas.
“Also, for the Abuja-Kaduna-Kano-Zaria Road, the government is fully funding that. So all the HDMI roads and all the dual carriageways and bridges are to be tolled. But No single lane will be tolled.” The ministry officials said the HDMI initiative aimed at creating alternative source of financing for road development and management across the country, while unlocking the economic potential of the project routes with attendant job creation.
“However, if the revenue generated is not invested to maintain the roads, there may be some backlash by users of these roads.” Similarly, the Director-General of MAN, Mr Segun Ajayi-Kadir, said that although the introduction of toll by the government might add to the cost of transportation, what was important was ensuring that the roads were well maintained.
Musa explained that the nation was highly indebted and could not generate sufficient revenue to meet the infrastructure deficit in the country, adding that tolling the roads was the best option in the current situation. “There must be rigorous accountability. That is the only grounds on which I can support such. If they have not worked on the nitty-gritty of that transparency process, then it is everybody’s waste of time.”
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.
John Stones Extends Man City Contract Until 2026John Stones has signed a five-year contract extension that will keep him tied to Manchester City till 2026, the Premier League champions announced yesterday. The new deal rewards Stones, who joined…
Read more »
Man tackles Rivers pastor for allegedly snatching wifeA man, Bright Ben, has accused his pastor and General Overseer of the World Bank Assembly in Eneka, in the Obio-Akpor Local Government Area of Rivers State, Moses Adeeyo, of snatching his wife, Tina.
Read more »
Man tackles Rivers pastor for allegedly snatching wifeA man, Bright Ben, has accused his pastor and General Overseer of the World Bank Assembly in Eneka, in the Obio-Akpor Local Government Area of Rivers State, Moses Adeeyo, of snatching his wife, Tina.
Read more »
MAN attributes low industrialisation to infrastructural challenges | The Guardian Nigeria News - Nigeria and World NewsThe Manufacturers Association of Nigeria (MAN) has decried the 10 per cent contribution of the manufacturing sector to the Gross Domestic Product (GDP), attributing the trend to low industrialization of the country.
Read more »
Ekiti court remands man for alleged serial robbery - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
Adamawa: Man arrested for allegedly defiling seven-year-old girlA 42-year-old man in Adamawa State, Ibrahim Bello, has been nabbed for allegedly defiling a seven-year-old neighbour. Ibrahim allegedly lured the girl to
Read more »