The Federal Government has reiterated its readiness to address road infrastructure deficit throughout the country in order to bring to reality the Vision 20:2020 of President Goodluck Jonathan’s Administration.
This was disclosed by the Minister of state for Works, Prince Adedayo Clement Adeyeye at a reception organised by City People Magazine in Ikeja, Lagos State.
The Minister further stated that this explains why this administration has embarked on an ambitious programme to restore and modernize the country’s road network. This, he said, will be achieved through enhanced government investment, as well as, participation of private sector and multi-lateral development institutions. He added that the Federal Government is also putting in place best practices, to drive Public-Private- Partnership (PPP) in road sector development and all other areas of development.
Prince Adeyeye drummed up this Administration’s irrevocable commitment and massive deployment of resources to the development of the nation’s road infrastructure, adding that, “I am pleased to note that the gains of improved and sustained government investment in the road sector are evidently manifesting nationwide”.
He noted that since government alone cannot fund road infrastructure development with the annual budgetary allocations, private sector is required to sustain the huge investments, while calling for partnership between the Government and the private sector in a Public – Private -Partnership (PPP) model.
Prince Adeyeye further reasoned that a good road network is an essential pre-condition for socio-economic development and the Federal Government will not relent until this is achieved. As such, he opined that the establishment of the National Road Fund and Federal Roads Authority will form the basis and take-off point for a self sustaining road infrastructure road map for the country.
Earlier, in his welcome address, the Publisher of City People Magazine, Mr. Seye Kehinde stated that having known the Minister for long, as an astute politician, hard working and dedicated, as well as is politically willing to partner with vibrant minds in his quest for national development.