President Muhammadu Buhari (PMB) says his government will construct additional 2,000 kilometres of roads and bridges under the Road Infrastructure Tax Credit Scheme.
The president revealed this when he presented the 2023 budget proposal of N20.5 trillion at the joint session of the National Assembly (NASS), on Friday in Abuja.
He said: “We are undertaking the construction and rehabilitation of about 2,000 kilometres of roads and bridges, nationwide, to be financed by the grant of tax credits to investing private companies.’’
The president said that his administration had made appreciable progress in the rehabilitation and reconstruction of key road networks across the country.
He cited the Lagos – Ibadan expressway, Abuja-Kaduna-Kano expressway, and East-West Road in Niger Delta as some of the completed road projects.
According to him, work has also reached the completion stage on the Apapa – Oworonsoki expressway, Loko-Oweto Bridge, and the Second Niger Bridge.
Buhari expressed optimism that the affected road projects would be inaugurated before the end of his tenure in May 2023.
“Furthermore, we have awarded several contracts to rehabilitate, reconstruct and construct major arterial roads to reduce the hardship to commuters and increase economic activity,’’ he added.
On personnel costs, the president said the Federal Government had extended the coverage of the Integrated Payroll and Personnel Information System (IPPIS) to all MDAs to automate personnel records and the process by which salaries are paid.
Follow the Neptune Prime channel on WhatsApp: https://whatsapp.com/channel/0029Va74ZvU2v1IqKByXoX3d
Do you have breaking news, interview request, opinion, suggestion, or want your event covered? Email us at neptuneprime2233@gmail.com
