Chairman Senate Committee on the Federal Roads Maintenance Agency (FERMA), Senator Gershom Bassey, at the weekend, called on the Federal Government to stop funding the construction and repairs of its highways from annual budgets.
Bassey, who represents Cross River South in the upper chamber made the assertion during an interview in Abuja.
He said unless the government attracts private sector investors to fund roads in the country, fixing the deplorable state of both state and federal roads in the country would remain a major challenge.
He noted that Nigerian roads are viable to attract reputable investors who are willing to invest in repairing them and later recoup their capital.
He added that the objective of the Federal Roads Authority Bill sponsored by him is to ensure that the necessary structure and funding arrangements that would allow private sector to fund Nigerian road is given legal backing.
Bassey said: “We have seen now that funding roads from…