2025 budget: FERMA proposes N64.9bn for maintenance

A total of N64.88 billion has been proposed by the Federal Roads Maintenance Agency, FERMA, for the 2025 budget appropriation for the maintenance of Nigeria’s road sector.

FERMA’s Director of Information and Public Relations Maryam M. Sanusi in a statement explained that the Minister of State for Works, Muhammad Bello Goronyo, who is the supervising minister of the agency, revealed this at the opening presentation of the budget defence before the joint session of the Senate and House Committees on FERMA. The estimates comprise N4.9 billion for personnel costs, N33.468 billion for overhead costs, and N26.487 billion for capital costs.

The budget prioritises major Trunk A roads within the six geopolitical zones, aligning with the President’s development and economic recovery objectives of the Renewed Hope Agenda.

The proposed amount is less than the N77 billion proposed for the year 2024.

The minister assured that FERMA is committed to ensuring transparency and accountability, using data-driven decision-making and regular community engagement in road maintenance planning.

He explained that, in collaboration with the committees and key stakeholders, efforts to reduce the burden on the federal government’s maintenance of road assets nationwide are being explored.

According to him, “FERMA is in the process of developing, modifying, and redefining key policies, which will generate resources for the agency to proactively maintain our roads for ease of movement.”

Managing Director of FERMA Emeka Agbasi, in his presentation before the committees, explained that adequate funding is needed to enable the agency to increase its activities in preventive maintenance and other interventions on federal roads across the country.

He stressed that the agency faces enormous challenges due to low budgetary allocation. He noted that inadequate releases of funds for the 2024 budget have negatively affected the agency’s ability to maintain the roads.

The chairman of the Senate Committee on FERMA, Senator Hussaini Babangida, on his part, frowned upon the practice of continuously constructing new roads without adequate measures to maintain existing ones.

He noted that the allocation for road maintenance is highly inadequate due to the poor conditions of the roads.

2025 budget: FERMA proposes N64.9bn for maintenance

  • Related Posts

    Tinubu Begins 10-day Working Vacation

    Tinubu Begins 10-day Working Vacation

    *Departs Abuja for France, UK

    Deji Elumoye in Abuja 

    President Bola Tinubu will depart the nation’s capital, Abuja on Thursday, September 4, to commence a working vacation in Europe, as part of his 2025 annual leave.

    The vacation, according to a release issued by presidential spokesperson, Bayo Onanuga, will last 10 working days.

    President Tinubu will spend the period between France and the UK and then return to Nigeria.

    The post Tinubu Begins 10-day Working Vacation appeared first on THISDAYLIVE.

    Death Toll in Niger Boat Accident Rises to 60

    Death Toll in Niger Boat Accident Rises to 60

    The death toll in the boat accident that occurred in Niger State has risen to 60, while 10 passengers in the ill-fated boat have been rescued.
    Earlier reports put the death toll at 29 and the number of rescued passengers at 50.

    The boat said to be carrying over 100 passengers departed from Tungan Sule in Malale district on Tuesday morning, heading to Dugga for a condolence visit, when it struck a submerged tree stump near Gausawa community in Borgu Local Government Area and capsized.

    Local officials on Wednesday, according to Reuters, said the death toll in the incident which occurred around 11 a.m. Tuesday, had risen to 60 with many still missing.

    “The death toll of the boat incident has risen to 60,” a top official of Borgu Local Government Area, said. “10 people have been found in serious condition and many are still being sought.”

    Also, the district head of Shagumi, Sa’adu Inuwa Muhammad, who was at the scene shortly after the accident, said “I was at the scene yesterday around 12 p.m. until 4 p.m. The boat carried more than 100 people.”

    Muhammad said, “We were able to recover 31 corpses from the river. The boat was also recovered and removed.”

    The district head said four victims were buried on Tuesday in accordance with Islamic rites, and that women and children made up the majority of the deceased.
    On July 27 this year, a similar accident occurred when a boat carrying 39 passengers from Guni to the weekly Zumba market across the River Kaduna capsized, resulting in the death of 13 passengers while 26 others were rescued.
    Those that died in the accident were 8 women 3 men and 2 children.

    The post Death Toll in Niger Boat Accident Rises to 60 appeared first on THISDAYLIVE.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Military Pensions Board alerts Nigerians to fake WhatsApp group impersonating official channels 

    Economist warns CBN: Relaxing MPR now premature as inflation data remains outliers

    Uncertainty as NUPENG, Dangote Refinery battle Over Union Rights

    Uncertainty as NUPENG, Dangote Refinery battle Over Union Rights

    Building Sustainable Futures: Cardtonic upskills, reaches communities (2022–2025) 

    FSDH reinforces strategic priorities, exits PAL Pensions 

    Thinking Long Term? Why investors are banking on land 

    Union Bank to seek core investor following merger with TitanTrust 

    Nigeria faces economic strain as OPEC+ ramps up oil production 

    VNL Capital Asset Management Ltd secures SEC approval to operate as a Fund/Portfolio Manager in the Nigerian Capital Market 

    Cowrywise Financials Ltd partners with Meristem to lower the barrier to entry into the Nigerian Capital Market

    Nigerian businesses struggle to service loans as interest rates hit 36% 

    CBN Governor Cardoso projects decline in interest rates as inflation eases 

    Nigeria’s FX Market Records $2.80bn Inflow Amid Strong Domestic Support

    At 29.31%, Maximum Lending Rate Drops One-Year Low Amid Stable Monetary Fee

    Experts Calls for Bankable Projects to Unlock Africa’s $70bn Infrastructure Gap

    To Benefit Shareholders, UBA Extends Rights Issue to Sept 19

    NCAA Steps Up Enforcement of Disability Laws, Introduces Oversight Committee

    ProvidusBank Named Among Best Workplaces in Banking 2025

    Sec Supports Insurers With  Help-desk for Easy Capital Raising 

    Bitget to Transfer 440m BGB to Morph Foundation

    Boosting Indigenous Engineering Excellence for Nigeria’s Industrialisation

    SMES AND DATA QUALITY CONCERNS

    NIGERIA’S PURSUIT OF INCREASED CRUDE OIL PRODUCTION

    A TALE OF ORDERS

    Customs board approves $300 duty-free limit

    Customs board approves $300 duty-free limit

    Nigeria Customs to allow duty-free imports under $300 starting Sept. 8  

    Sanwo-Olu to lead Lagos State delegation to FNITCC Atlanta

    Femi Otedola’s memoir now Amazon no.1 best seller in business category 

    UBA extends N157 billion rights issue application beyond September 5, announces new deadline 

    PETROAN to shut down petrol stations from Tuesday, September 9

    The top 7 largest auto spare parts market in Lagos

    Weekly Market Wrap: Customs Street records four-week losing streak as premium stocks sink ASI 0.94% 

    NDLEA dismantles international drug cartel, arrests 3 leaders, seizes N5.3billion worth of cocaine 

    United Capital Plc: Is it Right Now to Buy the Dip? 

    Dangote, NUPENG Face-off: NLC seeks Tinubu’s intervention

    Dangote, NUPENG Face-off: NLC seeks Tinubu’s intervention

    Kerosene, LPG, CNG exempt from 5% fuel surcharge – Presidential Tax Committee