Infrastructure Brings Prosperity to People, says Fashola
Infrastructure, according to Fashola, is a legitimate way to grow the economy and bring prosperity to the people.
With 895 active highway and bridge contracts across the country, the rehabilitation of internal roads at 43 Federal Tertiary Institutions, the construction of six new Federal Secretariats in Anambra, Bayelsa, Ekiti, Nasarawa, Osun, and Zamfara States, and the construction of housing estates in 34 states of the Federation under the National Housing Programme (NHP), among other projects, the Miànister of Works and Housing has a lot on his plate.
This reality, according to Fashola, informed President Muhammadu Buhari’s decision to make massive infrastructure investment a matter of choice, necessitating the expansion of the Federal Ministry of Works and Housing’s budget from N18 billion in 2015 to around N260 billion in 2016, despite the fact that crude oil prices, which sold at an average of $80 per barrel, were at an all-time high.
Fashola explained that as a result of the Federal Government’s infrastructure investment, Micro, Small and Medium Enterprises (SME5) benefit greatly from infrastructure projects because many activities such as design, awarding of supply contracts, direct employment, banking, and so on take place, generating income for the people whenever an infrastructure project is underway.
The Minister stated that the old narrative about the federal government having no presence in some states has been replaced by a new narrative about when ongoing projects in those states will be completed.
The Minister also reminded Nigerians that the recession signaled by then-Coordinating Minister of the Economy Dr. Ngozi Okonjo Iweala in 2012 was the recession that the Buhari administration inherited and was able to overcome despite the impact of Covid -19 through massive investments to renew and expand the country’s infrastructure at a time when the country was earning much less from oil.
The purpose of the Townhall Meeting, according to Sir Marc Wabara, Chairman of the Business Hallmark Forum, was to ensure that public policy met the basic standard of service delivery to the public.
He expressed his delight that the event was taking place at a time when the country was experiencing growth and development.
The Ministers of the Federal Ministries of Water Resource and Power, Engr. Suleiman Adamu and Engr. Saleh Mamman, respectively, spoke at the event.