The Minister for Power, Works and Housing, Babatunde Fashola while defending his ministry’s budget at the floor of the Senate on Monday, explained how the federal government has prioritized highway projects (roads) across the country in order of economic importance.
With the highest vote for capital expenditure in the 2017 budget, the Ministry has N564.2 billion for the three sectors, out of which works gets N311.5 billion.
According to Fashola, the “priority 1” projects are “national priority projects on critical economic routes on the federal road network and the sum of N150, 470,553,292, which represents 62.22 per cent, is proposed to execute the projects in 2017.
The ”priority 2” projects along the branch routes from the critical economic routes on the federal road network and would cost N43, 143,299,357 to execute.
The “priority 3” projects are specifically targeted at routes leading to the nation’s refineries, petroleum depots, major ports and mineral producing areas in the country costing the sum of N25, 508,708,266 to execute.
While ‘priority 4” road projects are in key agricultural states producing cash crops like yam, rice, maize, cassava, fruits, etc. with a cost of N8.9 billion for construction and rehabilitation.