The Minister of Power Works and Housing, Babatunde Raji Fashola has confirmed that about N70 billion has been paid to contractors out of the N102 billion released to his ministry.
He disclosed at the ongoing town hall meeting in Abuja, that following the payment, contractors were able to resume back to their construction sites.
According to him, there are over 200 on-going road projects valued at N2 trillion under supervision of the ministry. He added that the N19 billion initially released from the 2015 budget was grossly inadequate.
Fashola emphasized that work has resumed at Kano-Katsina road, Port-Harcourt-Enugu road, Lagos-Ibadan expressway, Loko-Oweto Bridge, and this has invariably led to economic improvement in the communities around those sites.
He said previous governments gave more attention to recurrent expenditure as against the capital expenditure, which according to him, worked negatively against the nation’s infrastructure and the economy.
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