Nigeria’s Highway Assets Worth N4trn – NSE

The chairman, Board of Fellows, Nigerian Society of Engineers (NSE), Engr Chris Okoye has disclosed that the total value of Nigerian Assets on highways is worth N4 trillion adding that the highest amount released for the maintenance of the entire highways in Nigeria during the 90’s was N1million.
To this end, he regretted that despite the monies invested in the sector presently, the highways and roads are in a bad condition even as he commended the National Assembly for driving reforms in the transport sector.
He stated this in Abuja yesterday at the Investiture ceremony of Engr Obiekwe Gabriel Anaduaka as the 2nd national chairman of the Nigerian Institution of Highway and Transportation Engineers (NIHTE), an arm of  the Nigerian Society of Engineers (NSE) and Inauguration of 2017 National Executive Committee.
Okoye was optimistic that the National Assembly has done the impossibility to bring about the needed reforms in the transport sector just as he kicked against the hijacking of the reforms by the Chinese and other nationals.
While commending the legislative arm for the passage of  the National Road Fund Bill, he noted that the Railway bill which has been passed by the Senate has also been adopted by the House Committee on Works.
According to him, “The reform is about turning over the transport sector to the private sector but highway is not just a social commodity but an economic commodity, so there is a need to see the road sector as an economic and social entity.”