NEWS

Fashola gets N433.4bn for Power, Works and Housing

The Federal Government has earmarked N433.4 billion in the 2016 budget for the Ministry of Power, Works and Housing led by Babatunde Fashola. President Muhammadu Buhari stated this on Tuesday in his 2016 budget speech delivered at the Joint session of the National Assembly. “To deliver our development objectives, we have increased the capital expenditure portion of the budget from N557 billion in the 2015 budget to N1.8 trillion in the 2016 budget.“For the first time in many years, capital expenditure will represent 30 per cent of our total budget.“In future years, we

NEWS

FG to re-introduce Toll at Federal roads- Fashola

Minister of Power, Works and Housing, Babatunde Fashola has hinted that the Federal government will be re-introducing tolls at Federal roads in Nigeria. Fashola says the money generated from the tolls will be used for the maintenance of the roads. He said this during his first news conference tagged ‘Setting the Agenda for Delivering Change’ in Abuja today December 8th... “Maintenance would be our watchword. We are setting up a robust maintenance regime to keep our highways in good shape. This shows that tolling is necessary to support government funding. So, it will n