FERMA Defends N64.88bn Budget Proposal, Laments Paucity of Funds

•Minister says agency requires over N700bn annually

Emmanuel Addeh in Abuja

The Federal Roads Maintenance Agency (FERMA), has proposed a total of N64.88 billion as its 2025 budget appropriation, comprising N4.9 billion for personnel costs, N33.468 billion for overhead costs, and N26.487 billion for capital costs.

The budget, the agency said, prioritises major trunk ‘A’ roads within the six geopolitical zones, aligning with President Bola Tinubu‘s development and economic recovery objectives of the Renewed Hope Agenda.

However, the amount is less than what was proposed for the budget circle in the year 2024, separate statements in Abuja signed by FERMA’s spokesperson, Maryam Sanusi and a spokesman at the Works Ministry, Mohammed Ahmed, stated.

The Minister of State for Works, Bello Goronyo, who is also the supervising minister of the agency, while speaking during the agency’s budget defence before the joint session of the National Assembly on FERMA, stated that N96.7 billion was allocated to FERMA in 2024, but was later increased to N103.3 billion by the president.

The minister further recalled that during the committee’s oversight visit to the agency’s headquarters last year,  it was observed that the yearly budget allocation to the agency was inadequate to cater to the task of maintaining the nation’s extensive network of federal roads which will require over N700 billion.

“ I want to implore this esteemed committee to support the agency to ensure the sustainability of road infrastructure maintenance. The benefits of increased financial support will ensure scaling up preventive maintenance, and promote sustainable road maintenance practices,” Goronyo added.

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

“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 of people, goods and services,” Goronyo stated.

In his presentation before the committee, the Managing Director of FERMA, Emeka Agbasi, reiterated the paucity of funds of the agency, noting that adequate funding was 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 was faced with enormous challenges as a result of low budgetary allocation. He noted that inadequate release of funds for the 2024 budget, had negatively affected the ability of the agency to maintain the roads.

Other challenges he enumerated that are facing the agency include the age of the roads, stressing that many of the roads were constructed in the early 70s and they require total rehabilitation.

Also, he pointed out that abuse of the roads by Nigerians was another factor that was reducing the lifespan of Nigerian roads.

However, he informed the committee that equipment worth N3.3 billion was donated to the agency by the Government of Japan and will soon be commissioned as part of the achievements recorded in 2024.

Also speaking, the Chairman, Senate Committee on FERMA, Senator Hussaini Babangida, frowned on the practice of continuous construction of new roads without adequate measures to maintain existing ones.

He noted that the funds for road maintenance was highly inadequate because of the poor conditions of the roads, pointing out that alternative sources of funding should be explored to increase funding for the roads rehabilitation.

​ 

  • Related Posts

    Lynched travellers: PFN demands action, warns against retaliation

    The President of the Pentecostal Fellowship of Nigeria, Bishop Francis Wale Oke, has called on the Edo State Governor, Monday Okpebholo, and his Kano State counterpart, Governor Abba Yusuf, to speak out against reprisals for the 16 travellers that were killed by a vigilante group in Edo State. Oke advised the state incumbents to cooperate
    Read More

    The President of the Pentecostal Fellowship of Nigeria, Bishop Francis Wale Oke, has called on the Edo State Governor, Monday Okpebholo, and his Kano State counterpart, Governor Abba Yusuf, to speak out against reprisals for the 16 travellers that were killed by a vigilante group in Edo State. Oke advised the state incumbents to cooperate

    Read More

    Akpabio denies Natasha’s assassination claim

    The Senate President, Senator Godswill Akpabio, on Friday, debunked a claim by the suspended Senator representing Kogi Central, Natasha Akpoti-Uduaghan, that he engaged former Governor Yahaya Bello to kill her as ‘false and malicious.’ The clarification was made in a statement issued in Abuja by Akpabio’s media aide, Eseme Eyiboh. Akpoti-Uduaghan made the allegation while
    Read More

    The Senate President, Senator Godswill Akpabio, on Friday, debunked a claim by the suspended Senator representing Kogi Central, Natasha Akpoti-Uduaghan, that he engaged former Governor Yahaya Bello to kill her as ‘false and malicious.’ The clarification was made in a statement issued in Abuja by Akpabio’s media aide, Eseme Eyiboh. Akpoti-Uduaghan made the allegation while

    Read More

    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

    BREAKING: Court bars Akpabio, Natasha Akpoti, and Senate from granting interviews over alleged misconduct case 

    Unfair credit ratings pushing up costs of borrowing for African countries – ECA 

    China retaliates with 34% tariffs on US imports, escalating trade war 

    Nigeria seeks fresh $10.50 million World Bank loan to boost CBN’s technical capacity 

    Decisive factors: Octa carried out a global survey about brokers’ red flags    

    realme C75: Unbreakable Champion Beyond Quality—Redefining Smartphone Durability in Nigeria 

    House of Tara enters a new era: Meet the new Managing Director

    Lagos Independence Bridge to reopen on Sunday, traffic to be restricted to half carriageway – Umahi 

    World’s 2nd richest, Bezos loses $16 billion in 24 hours as Amazon shares fall 

    Brent Crude down by $10 a Barrel, Worst day since 2022

    Why Trump’s reciprocal tariffs may have less direct impact on Africa—Afreximbank Research 

    European organization offers job opportunities with work visa sponsorships for international applicants 

    Top 10 Nigerian stockbrokers by transaction value in Q1 2025 

    Nigerian Senate to address critical Tax Reform Bills after Easter holidays 

    Court orders final forfeiture of FIRS staff’s Abuja, Kano properties over alleged money laundering  

    Trump Tariffs: Why US matters less to Nigeria’s trade story – New report

    EFCC boss vows to tackle non-performing loans  associated with fraud across Nigeria  

    ISA 2025: Nigeria formally recognizes cryptocurrency as securities in new SEC Act 2025 

    Mining Marshals shut down illegal site in Nasarawa, arrest three foreigners 

    SON issues 107 product certifications to 44 companies in Anambra 

    Kwara Government partners IsDB to invest $57.2 million in livestock and rural development 

    Robust frameworks needed for transparent local government fund management in Nigeria – ICPC 

    ICPC re-arraigns Professor Igbinoba over alleged degree peddling and forgery in Benin 

    MTN Group CEO Ralph Mupita appointed as new GSMA Deputy Chair

    9PSB Records 50% Transaction Growth with Qore’s BankOne 

    Essaadi: Foreign Exchange Volatility to Persist in 2025

    Interswitch Donates to Tertiary Institutions to Boost STEM Education

    Hungarian Govt to Bolster Socio-economic Development in Sokoto

    Julius Berger rejigging infrastructural development in Rivers

    eTranzact International Posts N5bn Pre-tax Profit in 2024

    Kitchen App, Kike AI Targets 1m Jobs in Gas, Food Industry

    Minister of State for Works Explores Innovation at World of Asphalt

    After Years of Leasing, Green Africa Acquires Own Aircraft

    Rising Demand, Challenges of Training Pilots

    Minister Umahi faults Lagos Works Controller over Independence Bridge closure 

    Kwara Govt signs agreement to upgrade Omu-Aran general hospital to teaching hospital