News Politics

Wike tells FG to fund East West Road from Sovereign Wealth Fund

Rivers State Governor, Nyesom Ezenwo Wike, has advised the Federal

Government to include the East-West road among the critical

infrastructural projects being funded from the coffers of the nation’s

Sovereign Wealth Fund.

The governor has also noted that the Federal Government’s directive

stopping State governments from funding the construction or

rehabilitation of failed federal roads is inimical to the effective

development, management, and maintenance of road infrastructure across

the country.

He made this assertion in his opening address at the 26th meeting of the

National Council on Works in Port Harcourt on Thursday.

Governor Wike said the theme of the meeting: “Infrastructure

Development, Job Creation and National Economic Growth” fits to the

generally held view that road infrastructure plays a critical role in

enabling economic development, poverty reduction and inclusive progress.

Governor Wike pointed out that the East – West road which is too

important to the economic prosperity of the South-South region and the

nation has been under construction for over 15 years, yet a completion

date is still not in sight.

He urged Federal Government to urgently consider funding the East-West

Road from the Sovereign Wealth Fund to guarantee its completion by 2022

as being taunted by the Minister of the Niger Delta.

The governor observed that presently the Federal Government appears

overwhelmed with the construction and provision of too many road

projects across the country. He then suggested that it would have been

better for the Federal Government to complete most of the on-going roads

before embarking on new ones.

Governor Wike, advised the Federal Government to reconsider its

directive stopping State Governments from funding the construction or

rehabilitation of failed federal road which if not promptly fixed will

upset economic growth in the affected States and challenge the wellbeing

of citizens.

“It makes progressive sense as a development strategy therefore for

State Governments to reconstruct such federal roads with reputable

contractors on behalf of the Federal Government and get refunded after

due verification of the price and quality of work done.

“The Federal and State Governments need to consult and collaborate

regularly to accelerate the delivery of road infrastructure to advance

and realize the hopes and aspirations of our people for development and

decent living.”

Governor Wike explained that the State government is presently

constructing six flyovers a federal government road to ease the

perennial traffic congestions on the problematic intersections of Port

Harcourt – Aba expressway.

“Let me, therefore, appeal to the Federal Government to continue to

collaborate with the State Governments on road development by allowing

States to fix federal roads with the assurance of a refund.”

The governor stated that his administration has consistently dedicated

over 65% of the State budget annually for the construction of new roads

or the reconstruction and or maintenance and rehabilitation of existing

roads across the State, including federal roads.

“The result is the unprecedented delivery of close to 900 kilometres of

roads, bridges and flyovers spread across the length and breadth of the

State, including some of the far-flung communities that have now been

linked by roads for the first time.”

Minster of Work and Housing, Babatunde Fashola said the covid-19

pandemic brought to the fore the importance of human mobility to the

health of any economy with the urban poor appearing to be the worse hit

as a result of the lockdown.

According to him, part of measures adopted by the Federal Government to

kick-start economic recovery processes was to focus on agriculture

including the resumption of construction work in 26 states with its

attendant multiple effects on the local economy.

Mr. Fashola explained that against the former practice of flexible

pavement connection module that was cost-intensive, but his ministry is

ready to unveil the rigid design manual which is cost-effective and will

guide construction activities in the country.

Chairman of Senate committee of works,  Senator Adamu Aliero who

advocated the setting up of an infrastructural bank as an alternative

source of funding of federal road projects said it has become

practically difficult for the Federal Government to fund the 711 roads

captured in the federal budget.

Rivers State Commissioner for Works,  Edoka Tasie-Amadi said it has

become more imperative for the present generation to plan for the future

and end the perennial road infrastructural deficit expletives today.

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