x

FG bemoans inadequate funds for Calabar-Itu road, mulls borrowing

The Federal Government on Tuesday admitted that money allocated for the reconstruction of the Calabar-Itu road in the 2021 budget would not be enough to carry the project far.

It is also considering sourcing for money from the Niger Delta Development Commission and Sukkuk bond to finance substantial part of the project next year.

Senior Special Assistant to the President on Niger Delta Affairs, Senator Ita Enang made this known while inspecting a four kilometer portion of the the highway already completed by Julius Berger PLC.

He commended the company for the quality of road adding that the standard was in accordance with the design by the federal ministry of Works and Housing.

“This is the portion which has been completed by Julius Berger, it’s only about three to four kilometer of the 22 kilometers that they have completed both besides with the pavement. Not that nothing has been done, just that they haven’t completed and gone far.

“We appreciate the quality of the road, if you see the width and everything is according as designed by the federal ministry of Works and Housing, and they have completed it according to standard.

“I want the people of Akwa Ibom, Cross River and Abia States to commend and appreciate the President Mohammadu Buhari and we want to assure that the rest of the project will be funded more in the next budget.

“There is money in the 2021 budget, but it is not much to go far for this, but the one we’re anxious to commence is the aspect of the road that was awarded to CCECC which they are they are yet to commence because we are yet to mobilise them.

“We are trying to get funds from the Niger Delta Development Commission, from other sources and of course from Sukkuk bond to be able to complete these sides.” Enang said.

It would be recalled that the Federal highway project whose contract was awarded in 2019 has suffered several setbacks due to low budgetary provisions and have remained dilapidated for more than 30 years, adversely affecting the social and economic lives of both Akwa Ibom and Cross River states.

Hot this week

National Assembly Orders Re-Gazetting of Tax Reform Laws

The National Assembly has directed the re-gazetting of four...

10 Killed in Plateau Road Crash Along Jos–Bauchi Highway

By Israel Adamu, JosAt least 10 passengers have been...

SELI Commissions Community Children’s Library in Kyan Rikkos, Jos to Boost Early Literacy

By Israel Adamu, JosThe Star Education and Leadership Initiative...

Our diversity is our strength, says Kaduna gov

Kaduna State Governor, Uba Sani, has reaffirmed his administration’s...

Bomb explosion hits Borno mosque during prayers

A bomb explosion has occurred at Al-Adum Jumaat Mosque...

One Strike Cannot Solve Nigeria’s Security Crisis — Ex-US Army Captain

A retired United States Army captain, Bish Johnson, has...

Many Feared Dead as Explosion Hits Zamfara Highway

Several travellers are feared dead following a suspected bomb...

NWF Schedules National Trials for Four Women’s Weight Classes Ahead of 2026 International Events

The Nigeria Wrestling Federation (NWF) has scheduled national trials...

Fanwo Hails Rep Abejide’s N710m Community Project Grants in Yagbaland

By Noah Ocheni, LokojaThe Kogi State Commissioner for Information...

Former ECWA Vice President Rev. Bello Misal Dies at 85

Former Vice President of the Evangelical Church Winning All...

Benue Police Rescue Kidnap Victim Unhurt, No Ransom Paid

By Isaac Kertyo, MakurdiThe Benue State Police Command has...

Despite Higher Revenues, Many States Remain Silent on End-of-Year Bonuses for Workers

Despite improved earnings from the Federation Account and increased...

“Anything Is Possible” — Ayden Heaven Backs United’s Big Ambitions After Newcastle Win

Manchester United defender Ayden Heaven has insisted the club...

Related Articles

Popular Categories

spot_imgspot_img