Minister of Power, Works and Housing, Mr Babatunde Fashola, disclosed yesterday, that the Federal Government will reintroduce toll gates where revenue generated can be channelled 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 206 contractors over N2 trillion for which only N13 billion was released to the Ministry out of the N18.132 billion it budgeted for.
In the housing sector, the minister also said that the Federal Government would spend N10 billion to build low income housing estates in each of the states of the federation and the Federal Capital Territory (FCT).
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. Read more