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Government reduces Works Ministry’s budget from N100bn to N11bn

10 March 2015, 15:50

Abuja - The federal government has slashed the budget of the ministry of works from N100bn to N11bn, representing an 89 per cent slash, Punch reports.

Minister of Works Mike Onolememen, who was in the Senate to defend his ministry’s estimates for the fiscal year, made the revelation on Monday.

He said the Finance ministry predicated its action on the economic realities on the ground.

Also read: Government cautioned on bloated recurrent expenditure in budget

The minister expressed concern that only 33 out of the 210 ongoing road projects had been provided for in view of the “lean allocation” to the ministry.

The senate expressed concern about the lean budget, adding that it was very terrible for a sector that needs at least N500bn annually for road construction and maintenance to be allocated N11bn.

Read more at Punch

- News 24

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