FG needs N600bn to meet Vision 20:2020 goals

Date: 21-06-2013 8:28 am (11 years ago) | Author: Direct
- at 21-06-2013 08:28 AM (11 years ago)
(m)
THE Federal Government will need about N600 billion to build 14,000 kilometres of roads annually to meet Vision 20-2020 goals.


Minister of Works, Mike Onolememen, made this known in Abuja yesterday, saying Nigerians spent same amount (N600 billion) needed to fix roads to import vehicles into the country yearly.

Onolememen spoke at a one-day public lecture, organised by the Association of Professional Women Engineers of Nigeria, APWEN, on the theme Road Sector Reform for Sustainable Roads Development.

However, Director-General, National Automotive Council, NAC, Aminu Jalal, added that 50,000 new vehicles and 150,000 used ones were imported into the country yearly.

According to Onolememen, for Nigeria to move toward a sustainable economy commensurate with Vision 20-2020, there was need to increase the total road network from the current 200,000km to 300,000km by 2020.

He said that the paved network would also need to be increased from the current 65,000km to over 200,000km, also by 2020.

The minister said the situation would require the construction or paving of an average 14,000km of roads every year at the cost of N600 billion annually.
He said: “The point has been made several times that Nigeria cannot overcome its road infrastructure development challenges unless necessary reforms are embarked upon to reposition the road sector to meet up with the world.

“Vision 20-2020 requires that Nigeria attains a GDP of, at least, 900 billion dollars by the year 2020 and GDP per capita of at least 4,000 dollars.

“Experience has shown that there is a direct link between economic growth and the size and condition of road networks. Thus, for every one dollar spent on road maintenance, there is a corresponding increase in the nation’s GDP.”

Posted: at 21-06-2013 08:28 AM (11 years ago) | Hero
- geraldduruike at 21-06-2013 09:33 AM (11 years ago)
(m)
See Figure,Let it be acording to your best will,build that country,emulate from other country in europe and asia..Yes..
Posted: at 21-06-2013 09:33 AM (11 years ago) | Upcoming
Reply

fire TRENDING GISTS fire

TODAY'S TOP
  1. Cambridge Scholar Drags ABSU Graduate Who Criticized Her For Saying 98% Of Nigerian Men Can't

  2. VIDEO: Davido And Chioma Arrive Lagos For Their Traditional Wedding

  3. First Bank Staff, Tijani Reportedly On The Run After Diverting N40Billion To Private Accounts

  4. 'I Will Move You From Lekki To Ikorodu' -Mother Tells Daughter After Getting 6 Permanent Tattoo

  5. Someone Like You Should Not Be Anywhere Near Rappers In The Industry -Jaywon Slams Odumodublack

  6. VIDEO: "I Will Never Split Bills 50/50 With My Wife" -Media Personality IK Osakioduwa

  7. Proud Father Shares Before & After Photos Of His 2 Sons As They Graduate From University

  8. Jobless Man. Lekan Lands In Lagos Court For Conspiring With Others To Steal Catfish Worth ₦2.5m

  9. ‘I Almost Lost My Life’ – Nigerian Singer Crayon Recounts Ordeal

  10. AGAIN: Mother Raises Alarm Over Her Missing 5Yr Old Son In Abia

  11. Police Arraign Three Men Caught With Explosives In Ekiti

  12. How Unknown Gunmen Allegedly Kidnap Traditional Title Holder In Lafia, Nasarawa State

  13. NDLEA Seizes 4,732kg Of Hard Drugs In Adamawa

  14. 'The Engagement Ring I Gave Chioma Can Buy 3 Rolls Royce' – Davido Brags As She Flaunts It

  15. 'Focus On Education, Grow Your Business So Men Can Follow You Like Dogs' - Man Advises Ladies

  16. VIDEO: Osas Ighodaro Says Losing Her Mum Made Her Not Care About People's Opinions


THIS WEEK
  1. Video Of Missing Ladies, Celine And Afiba Lying Unclad On Andrew’s Bed Surfaces

  2. VID: Presidency Slams Aisha Yesufu Over Allegations Of Tinubu Being ‘Disgraced’ In South Africa

  3. Warri Pikin Addresses Viral Photo Of Her Trending Backside After A Football Match

  4. Reno Omokri Tackles Peter Obi Over His Criticism Of ‘New’ Presidential Jet For Tinubu

  5. Tragedy Strikes Kubwa Hotel: Sex Worker, Zara Tua Stabbed To Death By Clients

  6. Tinubu's Aide, Kabir Masari Releases Official Portrait Spelling His Role in The Presidency

  7. VIDEO: Burna Boy’s Epic Reaction Goes Viral After He Spotted Rema In Paris

  8. Moment Ramaphosa of S'Africa Ignored Tinubu as He Greets Other Presidents At His Inauguration

  9. General Overseer, Godfrey Arrested For Attempting to Kidnap a Fellow Bishop in Delta

  10. Peter Obi Having Sleepless Night Over Obasanjo, Remi Tinubu’s Meeting Says Bwala


TOP MEMBERS: