The Federal Government is planning to refund N5bn out N300bn owed state governments that have spent their resources to fix federal road in their respective states.
The proposal is contained in the budget document which has been submitted by President Muhammadu Buhari to the National Assembly.
The fiscal document also indicated that the government had allocated a total sum of N60bn for special intervention and constituency projects in the 2016 fiscal year.
These amounts were provided for in the 2016 budget under the subheading of capital supplementation.
The document did not, however, provide details of the constituency projects and the states that would benefit from the refund on the federal road projects.
But as of June 2015, a total sum of N300bn was said to be owed states by the Federal Government for various road projects.
The Nigeria Governors Forum had on June 18, 2015 made a request to the President for the refund of money spent on roads belonging to the Federal Government.
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RT @BizWatchNigeria: FG to Refund N5 Billion to States for Repairing Federal Roads: The Federal Government is planning to refund N5… http…
RT @BizWatchNigeria: FG to Refund N5 Billion to States for Repairing Federal Roads: The Federal Government is planning to refund N5… http…