Speaker of the House of Representatives, Yakubu Dogara, has proposed an Infrastructure Bond for funding road projects in the country.
According to him, it was very important to ensure that these debts that have led to countless loss of jobs for Nigerians are settled for good.
Dogara who stated this, while receiving the report of the Technical Committee for the Review of the Roads’ Fund Bills in his office, described as enormous existing debts owed companies involved in road construction.
Stressing that countries with good road network develop at a faster pace, the speaker also decried the high toll of inadequate and poor road infrastructure in Nigeria.
He assured, however, that the House of Representatives will strife to revamp the nation’s existing road networks and building of new ones through the Road Fund Bill, to provide alternative, adequate and sustainable source of funding.
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