Reps decry non-release of N64bn fuel levy to FERMA

October 9, 2019
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The House of Representatives, on Wednesday, expressed grave concern over Federal Government’s refusal to release total sum of N64 billion accrued from the fuel levy for road maintenance through Federal Roads Maintenance Agency (FERMA).

Chairman of the House Committee on FERMA, Hon Olufemi Bamisile who stated this at the inaugural sitting of the Committee in Abuja, also tackled the Federal Government over its unilateral decision not to pay the money spent by State Governments for the rehabilitation of federal roads across the country

He stated that the N64bn was meant to come from a percentage of Petroleum products sale across the country in which certain percentage would go into a fund dedicated for road maintenance.

“As a Committee, I want us to think out of the box on how we can assist FERMA to access this fund as soon as we get proper briefing from the Managing Director on this issue, the money in question is huge and I believe it is trapped somewhere, our collective efforts is needed to get this fund out and released to FERMA to enable the Agency function properly.”

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