The Federal Government aims to revitalize and construct a total of 1,925 roads and highways across the nation, allocating a substantial N548.56bn for road construction in the 2024 budget proposal. Notably, the East-West and Benin-Akure roads are earmarked to receive N2bn and N3.75bn, respectively.
This budget is distinct from the N288.44bn set aside for the modernization of 329 roads and bridges in the 2023 supplementary budget.
When combined, the government is anticipated to invest a total of N837bn in enhancing and constructing 2,254 roads and bridges during the 2023 and 2024 fiscal years.
Under the Ministry of Works, the budget also outlines a provision of N1.05bn for the removal of overgrown vegetation along certain federal roads. Further analysis of the 2024 budget, titled “Budget of Renewed Hope,” reveals an allocation of N3.19bn for the acquisition of 50 motor vehicles by the ministry.
Some noteworthy road projects slated for execution include the rehabilitation of the Kabba-Ayere-Isua-Ipele road in Kogi and Ondo states, costing N2.14bn. Additionally, the construction of the Ikot Ekpene border Aba-Owerri dual road is budgeted at N1bn.
The importance of road networks in fostering national connectivity and economic growth is one which cannot be overlooed, observers say it is an initiative which reflects the government’s commitment to infrastructural development and underscores
