FERMA to explore capital markets to improve road infrastructure

The Federal Roads Maintenance Agency (FERMA) has said it will adopt innovative technologies, explore capital markets, and prioritize key economic corridors in order to make roads safe, motorable, and economically impactful. The newly nominated Board Chairman of FERMA, Dr Musa Babayo, who revealed this when the Senate Committee on FERMA screened him at the National […]

The Federal Roads Maintenance Agency (FERMA) has said it will adopt innovative technologies, explore capital markets, and prioritize key economic corridors in order to make roads safe, motorable, and economically impactful.

The newly nominated Board Chairman of FERMA, Dr Musa Babayo, who revealed this when the Senate Committee on FERMA screened him at the National Assembly, emphasized the need to move from a reactive to a proactive road maintenance strategy, highlighting the importance of developing a new strategic direction from day one.

FERMA’s Director (Information/Public Relations), Maryam M. Sanusi, in a statement, said Dr. Babayo also underscored the role of Public-Private Partnerships (PPPs) in expanding and maintaining the federal road network, stressing that unlocking such collaborations would be essential to bridging the country’s infrastructure gap.

“The success of FERMA will depend on sustainable funding, innovation, and strong institutional partnerships. With your support, I am confident we can deliver measurable progress and motorable milestones that Nigerians will be proud of.”

The Chairman of the Senate Committee on FERMA, Senator Sahabi Ya’u, during the screening, underscored the urgent need for focused and visionary leadership at the agency, especially as the nation grapples with a deteriorating road network requiring immediate and sustained attention.