Mike Onolememen – Minister of Works
Minister of Works, Mike Onolememen,
has revealed that the ministry’s N100 billion proposed budget for 2015
has been cut down to N11 billion by the Ministry of Finance.
Onolememen, stated that the finance ministry took the drastic action due to “the economic realities on the ground,” Punch reports.
The
minister further expressed concerns that “only 33 out of the 210
ongoing road projects had been provided for in view of the lean
allocation to the ministry.”
He also
stated that the budget was insufficient to encourage contractors to
sustain significant progress on their respective work sites.
In addition, Onolememen stated that since 2011, the ministry of works had always been owed outstanding budgeted funds.
“Only
N45, 682, 844, 395.00 billion was released for the works ministry out
of 2014 capital appropriation of N98, 814,368,704 billion. This leaves a
balance of N53,131,524, 309 not released as of December 2014. It is
important to emphasise that the performance of the ministry would have
been considerably enhanced if the outstanding budgeted funds of
N53.131bn had been released to the ministry.
More
importantly, if the cumulative outstanding budgeted funds of N203, 392,
075, 947.25 for the period spanning 2011 to 2014 had been released, the
total indebtedness would have been brought down from N230bn to N27bn,”
he said.
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