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    Home - FERMA Defends N65.8 Billion 2025 Budget, Seeks NASS Support

    FERMA Defends N65.8 Billion 2025 Budget, Seeks NASS Support

    By Farouk AbbasJanuary 14, 2025
    FERMA Budget 1
    The Hon. Minister of State for Works, Muhammad Bello Goronyo, Esq., (m), (r) the Permanent Secretary, Federal Ministry of Works, Engr. Adebiyi Olusesan Olufunso, (l) the Managing Director/CEO, FERMA, Dr. Emeka Agbasi, FNSE, during FERMA’s budget defence before the joint session of the Senate and House Committees on FERMA today Tuesday 14th January, 2025.

    THE Federal Roads Maintenance Agency (FERMA), has proposed a total of N64,888,000,000.00 (Sixty-Four Billion, Eight Hundred and Eighty-Eight Million Naira) only, for the 2025 budget appropriation, comprising N4.9 billion for Personnel Costs, N33.468 billion for overhead costs, and N26.487 billion for capital costs.

    NEW UBA

    According to a statement signed by the Director Information, FERMA, Maryam M Sanusi, fnipr, made available to News Point Nigeria Tuesday, the budget prioritizes major trunk ‘A’ roads within the Six Geopolitical Zones, aligning with Mr. President’s development and economic recovery objectives of the Renewed Hope Agenda. The amount is lesser than the N77 billion Naira proposed for the year 2024.

    NNAMDI

    The Honourable Minister of State for Works, Muhammad Bello Goronyo, Esq., who is the supervising Minister of the Agency, made this opening presentation today at the budget defence before the joint session of the Senate and House Committees on FERMA.

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

    He disclosed that in collaboration with the Committees and Key Stakeholders, efforts to reduce the burden on Federal Government maintenance of road assets nationwide is being looked into.

    “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 further expressed gratitude to members of the Committees for their unwavering support in ensuring the sustainable development and maintenance of our Federal roads infrastructure in line with the Renewed Hope Agenda to enhance infrastructure and transportation as enablers of growth.

    In his presentation before the Committees, the Managing Director of FERMA, Engr. Emeka Agbasi, fnse, reiterated the paucity of funds of the Agency, noting that adequate funding is needed to enable the Agency increase its activities in preventive maintenance and other interventions on Federal Roads across the country.

    He stressed that the Agency is faced with enormous challenges as a result of low budgetary allocation. He noted that inadequate releases of fund for the 2024 budget, has negatively affected the ability of the Agency to maintain the roads.

    Nigerian TAX Reform - Federal Goverment

    Other challenges he enumerated that are facing the Agency includes age factors of the roads, many of the roads were constructed in the early 70s and they required total rehabilitation. Also, he stressed that abuse of the roads by Nigerians is another factor that is reducing road lifespan.

    The Chairman, Senate Committee on FERMA, Sen. Hussaini Babangida, frowned at the practice where we have continuous construction of new roads without adequate measures to maintain existing ones.

    He noted that the funds for road maintenance is highly inadequate because of the poor conditions of the roads. He is of the view that alternative sources of funding should be explored to increase funding for the road sector.

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    FERMA Budget 2
    L-R: Sen. Abba Moro, the Chairman, Senate Committee on FERMA, Sen. Hussaini Babangida, and the Chairman, House Committee on FERMA, Engr. Aderemi Abasi Oseni, during FERMA’s budget defence before the joint session of the Senate and House Committees on FERMA today, Tuesday 14th January, 2025.

    Budget Defence FERMA NASS
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