FG In a sinking ₦392bn debt – Fashola.

Despite the government proposed ₦276bn budgetary allocation for road construction in 2021 appropriation bill the government’s debt is far higher at an estimate of ₦392bn – Raji Fashola.

The minister of works & housing, Raji Fashola in his budget defence session before the Senate committee works made it very clear that the government is indebted to road construction firms in the country to the tune of ₦392bn over the construction of 711 road projects and he also stated that there has been a stop in doing new projects because a fund of ₦6.62trillion is needed to finish the 711 road projects but since resources are scare there is need for the government to prioritize important roads.

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