Nigeria Embarks on Ambitious Roadway Renaissance with N548.56 Billion Allocated in 2024 Budget

Nigeria has earmarked N548.56 billion for road construction in its 2024 budget.

The comprehensive plan encompasses the rehabilitation and construction of 1,925 roads and highways across the country.

The allocation reflects a dedicated effort by the government to tackle the longstanding challenges associated with the country’s road network.

Notably, the East-West and Benin-Akure roads have been accorded N2 billion and N3.75 billion respectively.

This ambitious initiative goes beyond the conventional as the 2024 budget incorporates a holistic approach to road management.

Apart from construction and rehabilitation, the budget includes provisions amounting to N1.05 billion for the removal of overgrown vegetation on select federal roads, underscoring a commitment to environmental sustainability and safety.

An insightful analysis of the budget, titled “Budget of Renewed Hope,” unveils additional strategic allocations.

The Ministry of Works has designated N3.19 billion for the acquisition of 50 motor vehicles, a move likely aimed at enhancing operational efficiency and ensuring seamless project execution.

Diverse road projects have been outlined, each serving as a crucial artery in the country’s transportation infrastructure.

These include the rehabilitation of the Kabba-Ayere-Isua-Ipele road in Kogi and Ondo states, the construction of the Ikot Ekpene border Aba-Owerri dual road, and the dualization of the Lagos-Otta road.

Notably, the Kano-Maiduguri Road Section IV, Potiskum-Damaturu Road, is set to receive a substantial allocation of N2.1 billion.

The inclusion of emergency contingency funds amounting to N15 billion signals a proactive stance in addressing unforeseen challenges that may arise during project execution.

Furthermore, allocations for culverts and drainage in flood-prone areas, spanning different regions, emphasize a comprehensive approach to infrastructure development.

In parallel, the Federal Road Maintenance Agency (FERMA) is poised to receive N66.702 billion for the repair and maintenance of federal roads and bridges.

Additionally, an appropriation of N1 billion has been allocated for the construction of the agency’s corporate headquarters, indicating a commitment to fortify institutions responsible for road management.

The Ministry of Works has issued a call for contractors owed by the government to submit relevant documents between December 12 and December 22, 2023.

The move aims to address outstanding financial obligations inherited by the current administration, showcasing transparency and a commitment to resolving legacy issues.

Nigeria’s robust allocation for road construction in the 2024 budget marks a transformative moment in the nation’s infrastructure development.

The meticulous planning and comprehensive approach reflect a dedication to fostering economic growth, enhancing connectivity, and ensuring the well-being of citizens through improved road networks.