Lagos spends over N236bn on roads project in five years

Lagos State government has spent over N236 billion on road development in the last five years, the state Commissioner for Works and Infrastructure, Dr. Obefemi Hamzat, has said.

He disclosed this at the 2012 annual distinguished lecture of the Nigerian Institution of Civil Engineers, at the weekend.

In his presentation, “Roads and bridges as Infrastructure: Economic Impact in Lagos Stat,e” Hamzat said that the government had budgeted over N287 billion for road infrastructure between 2008 and 2012 and had expended N236 billion.

According to him, the government has awarded 157 roads as at today out of the N73.6 billion budgeted for this year with N44.6 billion accounting for 55 per cent of the budget already spent.

In his analysis, the government spent N48.3 billion in 2008, N44.4 billion in 2009, N41.7 billion in 2010, N58.3 billion in 2011 and N44.6 billion in 2012.

He explained that as part of the government’s commitment, it invested on yearly basis substantial resources to the development of its road infrastructure.

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