In a strategic transfer to handle the persistent funding challenges confronted by the Federal Roads Upkeep Company (FERMA), the Honourable Minister of State for Works, Bello Muhammad Goronyo, Esq., has unveiled plans to determine a steering committee tasked with exploring different funding sources. This initiative goals to bolster FERMA’s capability to successfully monitor and preserve federal roads throughout Nigeria, guaranteeing the company can fulfill its essential mandate.
The announcement was made throughout a one-day retreat for FERMA’s Board and Administration, held just lately in Abuja. The retreat, themed “Delivering FERMA’s Mandate Aligned to the Renewed Hope Agenda,”* centered on methods to boost the company’s efficiency in highway upkeep and infrastructure growth. An announcement issued by FERMA’s spokesperson, Mrs. Maryam M. Sanusi, highlighted the Minister’s remarks throughout the occasion.
Minister Goronyo emphasised that no nation depends solely on annual funds allocations to take care of its highway infrastructure. He pressured the significance of diversifying funding streams to make sure sustainable highway upkeep. “As soon as constituted, the steering committee will instantly start exploring intervention measures to safe extra funding for FERMA,” he stated. Goronyo additional underscored the pivotal function of well-maintained roads in driving healthcare supply, schooling, safety, employment, financial development, and nationwide growth.
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The Minister recommended the Managing Director/CEO of FERMA, Engr. Emeka Agbasi, FNSE, for his unwavering dedication to the company’s mandate, describing him as a “silent achiever” who has made vital strides regardless of restricted sources. He additionally praised the Board Members for his or her dedication and urged them to proceed supporting the administration crew to realize the company’s targets.
Reaffirming the Federal Ministry of Works’ dedication to collaboration, Goronyo pledged sustained engagement with FERMA and different stakeholders to boost the company’s operations. “We’ll proceed to work intently with FERMA and related companions to make sure synergy and drive additional enhancements in highway upkeep throughout the nation,” he stated.
Earlier within the retreat, Engr. Emeka Agbasi, FERMA’s Managing Director/CEO, highlighted the significance of the occasion in addressing the company’s challenges and aligning its operations with world greatest practices. He famous that the retreat offered a platform to develop sensible options, set measurable targets, and strengthen communication between the administration and the board. Agbasi additionally expressed gratitude to Minister Goronyo and the Everlasting Secretary, Engr. Adebiyi Olusesan Olufunso, for his or her help in facilitating the retreat and fostering discussions aimed toward bettering FERMA’s efficiency.
The institution of the steering committee is predicted to unlock progressive funding options, enabling FERMA to boost highway upkeep nationwide. This initiative aligns with the federal authorities’s Renewed Hope Agenda, which prioritizes infrastructure growth as a cornerstone for financial development and social progress.
With this new method, FERMA is poised to beat its funding constraints and ship on its mandate, guaranteeing Nigeria’s federal roads are protected, useful, and able to supporting the nation’s growth aspirations.