Connect with us

News

FG releases barely 5% of N54.93tn three-year roads budget

Published

on

The Federal Government has released about N2.68tn for the construction, rehabilitation and maintenance of roads and bridges across the country between 2023 and April 2026, findings by The PUNCH from the Open Treasury Portal have shown.

The analysis, however, revealed a significant disparity between approved budgets and actual releases, with the government making provisions totalling N54.93tn for road-related projects within the period under review.

The figures highlight both the growing emphasis on infrastructure development and the persistent financing constraints that continue to affect capital project execution in the country.

The development also comes amid the ongoing Renewed Hope Media Tour organised by the Presidential Communications Team, designed to showcase projects being implemented under President Bola Tinubu’s Renewed Hope Agenda.

Data obtained from the Open Treasury Portal on Tuesday showed that road projects attracted a combined budgetary allocation of N2.53tn in 2023, out of which N631.51bn was released, representing an implementation rate of 24.95 per cent.

The Treasury data, however, did not specify the road projects to which the funds were released and did not indicate whether the government’s four legacy highway projects formed part of the expenditure.

A year-by-year breakdown showed that road construction projects received N280.14bn from a budget of N1.09tn during the year, while rehabilitation and repair works attracted N345.93bn from an allocation of N1.42tn. Road and bridge maintenance projects also received N5.44bn out of a total provision of N14.68bn.

In 2024, the Federal Government increased its budgetary commitment to the sector, making provisions amounting to N9.39tn for road-related projects. However, actual releases stood at N784.60bn, representing 8.36 per cent of the approved amount.

See also  UNICEF, Bauchi govt match N600m to fight malnutrition

Road construction projects accounted for N383.74bn of the spending from an allocation of N5.05tn, while rehabilitation projects received N384.49bn from a budget of N4.32tn. The government also released N16.37bn for the maintenance of roads and bridges out of a total provision of N18.18bn.

The trend continued in 2025, with the government budgeting N7.22tn for road construction and rehabilitation projects. Treasury records showed that N670.68bn had been released during the period, translating to an implementation rate of 9.29 per cent.

Of the amount released, road construction projects received N269.75bn from an allocation of N3.42tn, while rehabilitation and repair projects attracted N400.94bn from a budget of N3.80tn.

The 2026 figures indicate a sharp rise in budgetary provisions. As of April 2026, the government had earmarked N35.79tn for road construction, rehabilitation and maintenance projects, the highest within the four-year period.

However, only N597.08bn had been released, representing 1.67 per cent of the approved budget. Specifically, road construction projects had a budgetary provision of N23.61tn, with releases amounting to N293.06bn.

Similarly, rehabilitation and repair projects received N300.80bn from a total allocation of N12.03tn. Road and bridge maintenance projects had an allocation of N144.64bn, but only N3.22bn had been released as of the end of April. Treasury records show that N26.54bn was released in April alone, leaving an outstanding budget balance of N23.32tn yet to be funded.

The data indicate that although substantial sums have been earmarked for road projects over the years, actual cash releases remain significantly lower than approved allocations, reflecting the financing constraints that often affect capital project implementation.

See also  LASU professor reveals how to stabilize governance in Nigeria

Further analysis showed that road construction consistently attracted the largest allocations. Budgetary provisions rose from N1.09tn in 2023 to N23.61tn in 2026, reflecting the Federal Government’s increasing focus on large-scale highway projects.

Road rehabilitation spending remained substantial throughout the period. Allocations increased from N1.42tn in 2023 to N12.03tn in 2026, suggesting a parallel effort to repair existing infrastructure.

Maintenance received the smallest allocations but recorded the highest execution rate. In 2024, road and bridge maintenance achieved a 90.05 per cent implementation rate, compared to less than 10 per cent for construction and rehabilitation.

Overall, the Federal Government budgeted N54.93tn for road-related projects between 2023 and April 2026 but released N2.68tn during the same period.

The data also showed that while budgetary provisions expanded significantly over the years, the percentage of funds released declined. In 2023, about 25 per cent of the approved budget was released. This fell to 8.36 per cent in 2024 and 9.29 per cent in 2025.

As of April 2026, only 1.67 per cent of the total budgetary provision had been released. The development comes amid the Federal Government’s renewed focus on infrastructure as a catalyst for economic growth.

Several major road projects are currently underway across the country, including the Lagos-Calabar Coastal Highway, the Abuja-Kaduna-Zaria-Kano Road, the Sokoto-Badagry Super Highway and other strategic federal highways aimed at improving connectivity across Nigeria’s six geopolitical zones and stimulating economic activities.

The Minister of Works, David Umahi, recently disclosed that the Federal Ministry of Works would prioritise the completion of major highways and the execution of four presidential legacy projects in its 2026 capital plan.

See also  Sowore gets three days to study DSS charges on Anti-Tinubu post

According to the minister, the ministry inherited over 2,000 ongoing projects in 2023, many of which have been rolled over into subsequent budgets due to funding constraints.

Umahi also told lawmakers during the defence of the ministry’s 2026 budget proposal that the Federal Government owed contractors about N2.2tn for certified works executed between 2024 and 2025, underscoring the financing challenges facing the road sector despite rising budgetary allocations.

He added that only a fraction of expected capital releases had been made, forcing the ministry to re-scope and prioritise projects.

The Open Treasury Portal, which tracks government revenues and expenditures, provides a snapshot of how much of the approved budgets for capital projects has translated into actual spending.

Although the latest figures point to an unprecedented expansion in planned spending on road infrastructure, the challenge, analysts say, will be ensuring that budgetary commitments are backed by timely releases to deliver the intended benefits to Nigerians.

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

INSTAGRAM

Continue Reading
Click to comment

Leave a Reply

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

News

Reps order IG to produce fake, PFIPC agency DG Adeyemi within 48 hours

Published

on

The House of Representatives Committee investigating the operations of the controversial Presidential Foreign Investment Promotion Council has directed the Inspector-General of Police, Olatunji Disu, to produce the self-acclaimed Director-General of the organisation, Adeyemi Adeniyi, before it on Wednesday.

The directive was issued on Monday during the resumed investigative hearing at the National Assembly Complex, Abuja.

Representing the IG, Assistant Commissioner of Police, Bashir Abdullahi, appeared before the committee and was instructed to ensure Adeyemi’s appearance by noon on Wednesday to assist lawmakers in their ongoing investigation into the activities of the organisation.

The committee is probing the circumstances under which the PFIPC, despite not being legally established, allegedly secured office accommodation in Phase III of the Federal Secretariat Complex in Abuja and received a budgetary allocation of ₦1.32bn in the 2026 Appropriation Act.

The directive followed the Nigeria Police Force’s confirmation of key aspects of its criminal investigation, including petitions from the Office of the Chief of Staff to the President alleging that Adeyemi fraudulently presented himself as the Director-General of both the Presidential Economic Advisory Council and the Presidential Foreign Investment Promotion Council.

The Committee Chairman, Yusuf Gagdi, said Adeyemi’s appearance had become imperative given the seriousness of the allegations and the institutions implicated in the matter.

“This committee clearly needs the suspected DG to appear before this committee. People’s names are involved. People’s integrity are involved. Institutional names are involved. Institutional integrity is involved.

“It is not an option now. We will need him here to confirm some documents to us in such a way that will not undermine our investigation to enable us to submit our report on time,” Gagdi said.

See also  UNICEF, Bauchi govt match N600m to fight malnutrition

The committee subsequently directed its clerk to formally communicate its resolution to the Inspector-General of Police.

“The committee hereby resolves that the Inspector-General of Police of the Federal Republic of Nigeria do kindly present Mr Adeyemi on Wednesday by 12 noon. That is the ruling of the committee,” Gagdi declared.

Earlier, ACP Abdullahi informed lawmakers that although investigations were ongoing, the police had already filed an eight-count charge against Adeyemi before the Federal High Court.

“The Nigerian Police Force investigated part of this case late last year and filed eight-count charges before a Federal High Court. The case is ongoing,” he said.

He disclosed that the suspect had been arrested and arraigned, but cautioned against making public disclosures that could prejudice the ongoing investigation or judicial proceedings.

“We don’t want to say things that are under investigation. It is definitely going to prejudice the ongoing investigation and make people have opinions that may prejudge the outcome of an investigation or judicial decision,” Abdullahi stated.

Despite the police’s reservations, the committee sought confirmation of documentary evidence already in its possession.

The police confirmed that on October 17, 2025, the Office of the Chief of Staff to the President petitioned security agencies over allegations against Adeyemi, prompting investigations that culminated in criminal charges bordering on conspiracy and fraud.

Investigators also confirmed receiving another petition alleging that Adeyemi falsely presented himself as the Director-General of both the Presidential Economic Advisory Council and the Presidential Foreign Investment Promotion Council.

According to the police, the petition alleged that Adeyemi used the purported office to obtain accommodation within the Federal Secretariat, sought approval to recruit about 300 personnel, attempted to secure a $1.3 billion allocation in the 2026 Appropriation Act for the non-existent agency, and planned to organise a World Investment Summit under the platform of the purported council.

See also  Tinubu very passionate about school feeding — First Lady

One of the highlights of the hearing came when the committee compared signatures on documents allegedly issued from the Office of the Chief of Staff to the President with signatures on authentic official correspondence obtained by the police.

When asked whether the signatures matched, the police witness responded unequivocally,”They are not the same.”

The committee said the discrepancy reinforced concerns that official State House documents may have been forged.

Gagdi further asked, “So, it is not only a letter that was suspected to be forged? We are dealing with documents that include what is said to be a forged Act of the National Assembly in an attempt to establish a fake agency,” he added.

Gagdi disclosed that investigators had identified about 29 allegedly forged documents, including purported approvals from the State House, the Office of the Head of the Civil Service of the Federation, the Office of the Secretary to the Government of the Federation, the Ministry of Finance and several other government institutions.

According to him, representatives of many of the affected agencies had already appeared before the committee and disowned the documents attributed to their offices.

Gagdi, however, stressed that the committee had deliberately avoided compelling the police to disclose information that could compromise ongoing criminal investigations.

“We are avoiding a situation whereby they will be pushed to make statements that will undermine their ongoing investigation,” he added.

He assured that the House investigation would continue independently and that its final report could recommend further action by relevant security agencies.

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

See also  PHOTOS: Over 700 killed in Tanzania as protesters reject presidential election results

Continue Reading

News

Forged state house letter used to create fake PFIPC agency, Acct-General reveals

Published

on

The House of Representatives’ investigation into the operations of the controversial Presidential Foreign Investment Promotion Council took a dramatic turn on Monday after the Accountant-General of the Federation, Shamseldeen Ogunjimi, revealed that a forged State House letter was used to obtain official government recognition for the ‘fake’ agency.

Appearing before the House Ad Hoc Committee probing the circumstances surrounding the establishment and operations of the council, Ogunjimi disclosed that the Office of the Accountant-General acted on what appeared to be an authentic correspondence from the presidency requesting the creation of an administrative code for the PIFPC, only for investigations to later establish that the letter did not originate from the State House.

The revelation is the latest in a series of disclosures before the committee, which is investigating how a non-existent presidential agency allegedly secured office accommodation in the Federal Secretariat, sought budgetary allocations, recruited personnel and obtained official government recognition through what investigators believe were forged documents.

Presenting his report, Ogunjimi said the Office of the Accountant-General first interacted with the purported council in November 2024.

According to him, “a letter dated November 7, 2024, bearing a State House reference number, requested the creation of an administrative code for the Presidential Economic Advisory Council to facilitate budgeting, accounting and financial reporting.”

He explained that, in line with established procedures, “the Office of the Accountant-General processed the request, created the administrative code and communicated its approval to the State House,” with a copy sent to the Office of the Auditor-General for the Federation.

See also  Jonathan revealed why Niger Delta suffered

Following that approval, the office received additional requests from the purported council, including applications for self-accounting status, deployment of personnel, opening of Treasury Single Account and domiciliary accounts, as well as funding approvals.

Ogunjimi, however, stressed that although some administrative processes were carried out, no public funds were ever released to the council.

“It is important to note that no funds were released under salaries, overhead, capital, or any form of intervention or special allocation to the council,” Ogunjimi told the committee.

He further disclosed that while the council requested an establishment grant of ₦27.4bn, the application was rejected because there was no budgetary provision for such expenditure.

The Accountant-General also explained that although the Central Bank of Nigeria opened two domiciliary accounts for the organisation to receive inflows, the accounts never became operational because the council failed to satisfy the regulatory conditions required for their activation.

Lawmakers expressed concern over how the purported agency was able to navigate several layers of government bureaucracy without raising suspicion.

Responding, Ogunjimi made what committee members described as one of the most significant revelations of the hearing.

“The letter that was received by the Treasury was respectfully addressed as coming from the State House. That letter was never issued by the State House”, he said

The disclosure prompted members of the committee to conclude that a “hijacked” State House letter had allegedly been used to mislead government institutions into processing official requests for an agency that had no legal existence.

The committee also questioned how civil servants originally posted to the Office of the Chief Economic Adviser to the President eventually became attached to the purported council without the knowledge of the Office of the Accountant-General.

See also  UNICEF, Bauchi govt match N600m to fight malnutrition

Ogunjimi explained that two officers deployed to the Office of the Chief Economic Adviser in 2010 and 2013 remained in the office after it was allegedly taken over by the new council, but no formal communication was sent to the treasury notifying it of any change.

“It was never assumed or written to us that those two officers were being taken over. The staff also never reported to the office to say that another council had taken over the office and the name had changed. As far as I was concerned, we were dealing with a new agency, not the Office of the Chief Economic Adviser,” he said.

He further disclosed that when the purported council later requested the deployment of five additional officers, the treasury approved only three after determining that the organisation’s size did not justify the number requested.

“It was when all this matter came to light that I got to know that two of our staff were actually working or being absorbed by the agency. We never knew. We believed, based on the records available to us, that those officers were still with the Office of the Chief Economic Adviser,” he added.

The ongoing House investigation centres on allegations that forged presidential approvals, counterfeit State House correspondence, fake Acts of the National Assembly and other falsified government documents were used to create and operate the purported Presidential Foreign Investment Promotion Council and the Presidential Economic Advisory Council.

The committee has already heard evidence from the Nigeria Police Force, which confirmed that criminal charges bordering on conspiracy and fraud have been filed against the prime suspect, Adeyemi Adeniyi, at the Federal High Court.

See also  Kwara varsity begs gov for overhead bridge due to multiple accidents

At its sitting on Monday, the committee also directed the Inspector-General of Police to produce Adeyemi before lawmakers by noon on Wednesday to answer questions relating to the alleged forgery of official government documents and the operations of the purported presidential agency.

The committee is expected to conclude its investigation with recommendations on possible administrative, legislative and criminal actions against those found culpable.

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

Continue Reading

News

See full list of African countries that do not need proof of funds for UK’s student visa

Published

on

The United Kingdom on Monday updated its financial requirements for applicants seeking Student and Child Student visas, retaining stricter evidence rules while exempting nationals of only three African countries from submitting proof of funds at the point of application.

The updated guidance, published by the UK government on its website, listed Botswana, Mauritius and Tunisia as the only African countries whose nationals will not be required to provide financial evidence upfront unless requested during the visa decision-making process.

Other countries on the exemption list include Australia, Canada, China, Japan, New Zealand, Singapore, the United States, France, Germany, Italy, Spain, the United Arab Emirates and Qatar, among others.

Despite the exemption, the UK clarified that applicants from the listed countries must still meet all financial requirements and could be asked to provide evidence during the application process.

The guidance stated, “You must meet the financial requirements for this route when you apply; however, you may not need to submit evidence upfront as part of your application. In these circumstances, the decision maker may still request the evidence from you during the application process to prove you meet the financial requirements.”

The development means applicants from major African source countries for UK education, including Nigeria, Ghana, Kenya, South Africa, Egypt and others not listed, will continue to submit financial documents as part of their visa applications.

Under the revised rules, applicants for a Student visa must demonstrate they have sufficient funds to cover tuition fees as stated on their Confirmation of Acceptance for Studies and living expenses.

See also  I never acted as intermediary between kidnappers and anyone – Ndume

Students studying outside London are required to show they have £1,171 for each month of their course, up to a maximum of nine months, while those studying in London must show £1,529 per month for the same period.

Applicants travelling with dependants must also show additional funds. Those studying outside London must have £680 per month for each dependant, while applicants studying in London must show £845 monthly for each dependant, both for up to nine months.

For Child Student visa applicants, the required maintenance funds vary depending on their living arrangements, including boarding school accommodation, foster care, residence with parents or legal guardians, or independent living for eligible 16 and 17-year-olds.

The UK government also outlined acceptable sources of funds, including government-backed student loans, official financial sponsorship, personal savings and money belonging to parents or eligible partners.

However, it said applicants cannot rely on overdrafts, cryptocurrency holdings, stocks and shares, pensions or funds kept in unregulated financial institutions.

The guidance further requires applicants using personal or family funds to show that the required amount has been held for at least 28 consecutive days before the application, with financial evidence dated no more than 31 days before submission.

The UK also maintained exemptions from providing financial evidence for certain categories of applicants, including those applying to extend their stay after spending at least 12 months in the country on a valid visa, Student Union Sabbatical Officers, doctors and dentists in training, and applicants whose nationality qualifies for the reduced documentary requirement.

The latest update comes as the UK continues to tighten oversight of its international student visa system while maintaining financial eligibility requirements for prospective students seeking to study in the country.

See also  ‘It’s not small group’ – Defence Minister, Musa explains why US military airstrikes hit Sokoto

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

Continue Reading

Trending