Minister of Works and Housing, Mr Babatunde Fashola has said that a total of 524 road projects were ongoing in the different geo-political zones in the country.
Fashola said this while addressing the House of Representatives Committee on Works chaired by Ahmed Birchi in Abuja.
The minister said there were four multilateral-funded road projects, 81 under the Presidential Infrastructural Development Fund and 45 others being funded under the Sukuk bond.
He said that the ministry was focusing on roads that open up the economy and contribute to the ease of doing business.
He added that “Nigeria would be back on its feet” if government could ensure that there was no failure on roads that stretched from ports to border cities.
“What remains is to finish; the real challenge for us and our recommendation is to adopt the policy statement of the president and focus on whatever resources we have towards completing as many of those projects as possible.”
He added that a funding gap of ?255 billion was required to “ideally” fund some of the major roads and stressed that the ?157 billion in the 2020 budget allocation was inadequate.
Fashola said that ?2.93 billion was pending in unpaid certificates under the multilateral funded projects, while ?306 billion was the amount for unpaid certificates for completed road projects.