Obi suggested redirecting funds and focus towards neglected internal road projects to boost economic growth.
By Johnson Atoukudu
Peter Obi, the Labour Party’s presidential candidate for the 2023 elections, criticized the Lagos-Calabar Coastal Super Highway project, stating it was a misplacement of priorities. He highlighted its exorbitant cost, lengthy completion timeline, and the neglect of more pressing road infrastructure needs across Nigeria.
Obi suggested redirecting funds and focus towards neglected internal road projects to boost economic growth.
He urged the Bola Tinubu-led administration to reassess the timing and allocation of resources for the Coastal road project and prioritize infrastructure that directly benefits the populace and supports daily economic activities. Obi conveyed his concerns through a series of tweets on Monday.
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He said, “I have closely followed the comments and developments arising from the coastal superhighway project. While I’m hesitant to engage in contentious debates about its benefits, which I acknowledge, and the pricing, which I have serious concerns about and believe should be thoroughly reviewed, I feel compelled to raise essential questions about the timing and prioritization of such ventures.
“At the forefront of my concerns is the pressing issue of numerous uncompleted roads scattered across the country, many of which have become hazardous death traps and security risks.
“It’s disheartening to witness the plight of innocent Nigerians who traverse these dilapidated roads under perilous conditions, vulnerable to kidnappers and other dangers.
“Most of these roads, vital for economic growth, regional connectivity, and overall development, have been under construction for several years now and are unlikely to be completed shortly due to poor funding.
He further said, “The Federal Ministry of Works 2024 capital budget of N892,461,262,656.00, additional funding from multilateral loan projects of N94,828,535,243.00, alongside other expected contributions from sources like the China-Exim Bank and the World Bank, will not be enough for serious work on all the critical roads, some of which I enumerated above, let alone their completion.
“So, why embark on another huge project that will not be completed in the next 20 or 30 years? To do so will only exacerbate the problem of abandoned, uncompleted projects that are not contributing to economic growth and overall development.
“Prioritization and fiscal discipline should be our critical guiding principles now. Therefore, while acknowledging the potential benefits of coastal superhighway infrastructure, I urge prioritization of our existing uncompleted projects.
“We must allocate resources towards repairing and completing existing infrastructure, crucial for the well-being and safety of our society, before embarking on new projects, no matter their perceived benefits.
“Let’s prioritize the urgent needs of our people and ensure that our investments serve the collective good of the nation.
“In any development formula, the primary focus should be on repairing existing infrastructure rather than embarking on colossal projects that may never reach completion within the next 30 years.”
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