Wednesday, 9 December 2015

Federal Government to reintroduce toll gates for Revenues generation


Minister of Power, Works and Housing, Babatunde Fashola, disclosed that the Federal Government will reintroduce toll gates where revenues generated can be channeled towards  sustaining and maintaining quality federal roads. He promised that money generated from the toll gates will be properly accounted for and judiciously put to use.
Fashola, in his maiden press conference at the Ministry of Works in Abuja, also said the former Ministry of Works owes two hundred and six contractors over two trillion naira for which only thirteen billion naira was released to the Ministry out of the eighteen point one thirty two billion naira it budgeted.

In the housing sector, the minister also said that the Federal Government would spend ten billion to build low income housing estates in each of the states of the federation and the Federal Capital Territory. 
On toll gates, Fashola said the Federal Government will re-introduce highway tolling to raise additional funds to finance road infrastructure and ensure efficient road maintenance.He retrieted that the Ministry will have to focus on states link roads and roads with the heaviest traffic flow before it will continue with some other ongoing projects.

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