The 2024 budget, meant to handle all federal projects next year, is said to rehabilitate and construct 1,925 roads and highways across the country. The PUNCH reported this finding.
In the findings, the government allocated N548.56 billion for road construction in 2024, with the East-West and Benin-Akure roads getting N2bn and N3.75bn, respectively.
This differs from the N288.44bn allocated to modernize 329 roads and bridges in the 2023 supplementary budget.
If the supplementary budget is added to the 2024 budget proposal, the government will spend N837bn on 2,254 roads and bridges in the 2023 and 2024 fiscal years.
All road projects are to be carried out under the Ministry of Works, and it indicates the provision of N1.05bn to remove overgrown vegetation on some federal roads.
Also, the 2024 “Budget of Renewed Hope” reveals that the ministry allocated N3.19 billion to purchase 50 motor vehicles.
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On the list of road projects are the rehabilitation of the Kabba- Ayere- Isua- Ipele road in Kogi and Ondo states at N2.14 billion, as well as the construction of the Ikot Ekpene border Aba-Owerri dual road at N1 billion. Also, the dualization of the Lagos- Otta road will cost N1 billion, while N8.2 billion was provisioned for the counterpart funding of the Lafia bypass and the 9th mile Enugu- Makurdi road.The Kano-Maiduguri Road Section IV, Potiskum-Damaturu Road, got an allocation of N2.1bn, while the dualization of Aba-Ikot Ekpene road in Abia/ Akwa Ibom states was allocated N1.41bn; the construction of Ikot Ekpene border-Aba – Owerri dualization got the sum of N1.01bn, while the rehabilitation of Odukpani junction -Akpet central section -Ikom-Ogoja road in Cross River State got N1.1bn.
The budget also made provisions for constructing culverts and drainage in flood-prone areas on federal roads in the southeast zone for N3.03 billion and N10.7 billion for the counterpart funding for expanding the Abuja-Keffi carriageway. In contrast, the rehabilitation of three sections of the Lokoja-Abuja road cost N6 billion, and the dualization of Suleja-Minna road phase II in Niger State cost N500 million.
Read more: https://www.investingport.com/feder...and-bridges-from-2024-budget-of-renewed-hope/