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Federal Government is Committed to Developing Sustainable Infrastructure – Fashola

The Minister of Power, Works and Housing, Babatunde Fashola,
has restated the Federal Government’s determination to develop stable
power supply, good road network and affordable housing for Nigerians.

This is contained in a statement made
available to the News Agency of Nigeria (NAN) on Sunday in Abuja by the
Minister’s Special Adviser (Communications), Hakeem Bello.
It said that Fashola gave the assurance when he spoke at the African Alliance 2016 Investors Day in Lagos.
It stated that the ministry was
determined to achieve results by doing things differently to develop
sustainable infrastructure to convert current challenges to
opportunities for economic growth.
He was quoted to have decried the
problems inherent in the entire power chain, “from distribution to
transmission, generation and gas supply, including a cross-cutting
liquidity problem”.
The statement said the existing gap of
meter supply in the distribution segment of the power chain had created
enormous opportunities for local production for estimated three million
consumers.
“Local producers or investors are
expected to meet a significant local content participation that would
help Small and Medium Enterprises supply an estimated three million
consumers who needed to be metered. Apart from metering, the
distribution companies have aging assets: Transformers, ring main units,
poles, cables, breakers and so on, some of which are 20 to 30 years
old. It is a problem on one hand and enormous opportunity on the other
hand,” it said.
The statement stated that the ministry
planned to complete about 47 transmission projects to deliver 1,000 MW
more carrying capacity this year to expand national growth plan.
The statement said that the Federal
Government, in spite of low oil revenue, had upgraded budgetary
allocation to ensure completion of existing roads across the six
geo-political zones.
“This is the first step to
sustainability. But it is not enough to budget. It is important to
implement the budget and use the finances properly. We plan to phase 206
roads over three years to ensure completion or substantial progress of
existing roads with heaviest traffic and strategic economic significance
in each of the six geo-political zones.”
The statement also reported the Minister
as saying that an agreed common purpose and parameters must be defined
to have a sustainable and affordable housing design that had national
acceptability.
The minister disclosed that the Federal
Government, in partnership with the private sector, was on a Nigerian
housing model that would consider geo-political cultural differences.

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