The National Economic Council announced the approval of a National Road Safety Strategy policy and also a strategy document which would be implemented by relevant stakeholders.
This was disclosed by the Minister of State for Budget and National Planning, Mr. Clem Agba, on Thursday after a National Economic Council meeting with the Vice President Yemi Osinbajo in Abuja.
The Minister disclosed that the new policy is aimed at reducing road accidents in Nigeria and also improve Nigeria’s road infrastructure nationwide.
“At today’s NEC meeting, I presented the National Road Safety Strategy 2021-2030 for NEC’s consideration.
“So, we sought the consideration and the endorsement of the National Economic Council for the National Road Safety Strategy as a national policy and strategy document for implementation by stakeholders in order to reduce crashes on the roads and road infrastructure development across all states of the federation and the FCT.
“The outline of the implementation approach as specified in the strategy document took account of planning, coordination, execution, design, regulations, and standards, which are deemed necessary to support activities in the National Road Safety Strategy.
“How to create awareness amongst our people, research and training, the funding mechanism and also monitoring and evaluation mechanism; that is it on the National Road Safety Strategy, which was approved by NEC.”
The Minister also revealed balances in the Stabilization Account and Development of Natural Resources Account.
“For the Stabilization Account, we currently have a balance of N48.9 billion. For the Natural Resource Account, we have a balance of N155. 5 billion,” he said.