FG seeks alternative funding for FERMA

From Isaac Anumihe, Abuja

Determined to address the persistent funding challenges facing the Federal Roads Maintenance Agency (FERMA), Minister of State for Works, Bello Goronyo, has directed the establishment of a steering committee to explore alternative financing options for the agency.

Speaking at a one-day retreat for FERMA’s board and management in Abuja, themed “Delivering FERMA’s Mandate Aligned to the Renewed Hope Agenda,” Goronyo underscored the critical role of sustainable road maintenance in national development.

He noted that no country effectively funds road infrastructure solely through annual budgetary allocations, stressing that the new committee will develop innovative strategies to secure additional resources and enhance FERMA’s capacity to keep federal roads in optimal condition.

“Well-maintained roads have profound implications on every aspect of our lives—healthcare, education, security, employment, economic growth, and overall national prosperity,” he stated.

The minister commended FERMA’s Managing Director/Chief Executive Officer, Dr. Emeka Agbasi, for his steadfast commitment to the agency’s mandate despite financial constraints, describing him as a “silent achiever” who continues to deliver remarkable results with limited resources. He also praised the agency’s board members for their dedication, urging them to maintain strong collaboration with management to ensure the success of FERMA’s mission.

Reaffirming the federal government’s dedication to infrastructure development, Goronyo assured that there will be continuous engagement and synergy between the Ministry of Works, FERMA, and other key stakeholders to bolster the agency’s effectiveness.

In his remarks, the FERMA boss, Agbasi, highlighted the retreat as an opportunity to address FERMA’s operational challenges while aligning with global best practices and the administration’s eight-point agenda. He emphasized the need to develop strategic approaches to improve the agency’s funding framework, ensuring the sustainability of its road maintenance efforts.

Agbasi also expressed gratitude to the Minister of State for Works and the Permanent Secretary, Engineer Adebiyi Olusesan Olufunso, for spearheading the retreat, acknowledging that such initiatives are essential for shaping FERMA’s future and enhancing its impact on Nigeria’s road network.