Buhari Approves N120bn Disbursement Of Looted Funds For Road Rehabilitation - Fashola

Babatunde Fashola 

The Minister of Power, Works and Housing, Babatunde Fashola said the President  has approved the release of funds recovered from looters under the 2018 budget.

Fashola noted this on Monday at the Herbert Macaulay Memorial Lecture at University of Nigeria, Nsukka.

According to him, the President had approved N120 billion from the funds for the rehabilitation of 36 roads in the country.

He added that “while other oil producing countries were busy building their nations at a time oil prices were high, the past administration in Nigeria started a different form of development, known as infrastructure of the stomach.

“We should never forget this. We decided to share the money rather than invest the money just to win elections. The money that should have been used to fund the Abakaliki rice was used to import rice.

“This is the opportunity that President Buhari has come to recover through the Economic Recovery and Growth Plan.

“So, when the President is talking of change, he is talking of a time when we will invest in real infrastructural development and not stomach infrastructure.

“Unlike before, President Buhari has made a choice and that choice has led to massive development across the country.”





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