Minister Of Works Calls For More Borrowing, Says N800bn Budget Can’t Fix Nigeria’s Roads

Minister Of Works Calls For More Borrowing, Says N800bn Budget Can’t Fix Nigeria’s Roads

The Minister of Works, Dave Umahi has insisted that N800 billion is not enough to fix roads in the country.

The former governor of Ebonyi State led this out on Friday during 2025 budget defence session organised by House Committee on Works.

Mr. Umahi highlighted the limitations of the current funding framework and called for alternative financing methods, including loans, to meet the nation’s infrastructure needs.

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The Minister expressed dissatisfaction with public perceptions that funds allocated to the ministry are not effectively utilized.

READ MORE: Umahi Blasts Tinubu’s Critics, Labels Them ‘Enemies Of Nigeria’

He said: “We plead with you to help us. N800bn cannot do anything for us. It cannot address our road needs, so we appeal for your assistance.

“When the nation is in recession, borrowing to invest in infrastructure is essential. That’s how you come out of a recession.

“Infrastructure acts as a catalyst for economic activities, and it will alleviate the hunger we are talking about. Food sellers, sand suppliers, gravel suppliers, and others will all benefit.

“Support Mr President, and let’s borrow money to develop infrastructure so that Nigeria can become great again.

“I feel frustrated when people suggest that funds given for infrastructure projects are not used effectively.

“Some believe that providing money to the Ministry of Works benefits me or the Permanent Secretary personally. We have no direct engagement with contractors.”

Full Story: https://www.informationng.com/2025/01/minister-of-works-calls-for-more-borrowing-says-n800bn-budget-cant-fix-nigerias-roads.html
TAGS: #Minister #Works #Calls #Borrowing #N800bn #Budget #Fix #Nigerias #Roads


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