Senate Demanding Tolls on Federal Roads

According to Punch News the Senate is demanding the return of tolls on federal roads as well as the setting aside of 0.5 per cent of transport fares paid by mass transit passengers for inter-state trips to generate funds for the rehabilitation and maintenance of roads in the country.

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Tolls on federal roads

A levy of N5 will also be imposed on every litre of Premium Motor Spirit (petrol) and Automobile General Oil (diesel) imported or refined in the country for the same purpose.

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It said the proposed fund would provide “predictable and sustainable funding for road maintenance and promote the sustainable management of the road networks; establish the governing board, which shall be responsible for the management of the fund; and create an enabling environment for private sector participation, management and financing in the road sector.”

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For full story visit: http://punchng.com/senate-wants-tolls-back-on-federal-roads/





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