News
Tinubu’s Govt inherited N14trn worth of road projects from Buhari – Umahi
Umahi revealed that these road projects, which numbered 2,604 and stretched across 18,000 kilometers, were carried over from the previous administration under former President Muhammadu Buhari.
David Umahi, the Minister of Works, has stated that the administration led by President Bola Tinubu inherited a staggering N14 trillion worth of road projects nationwide.
Umahi revealed that these road projects, which numbered 2,604 and stretched across 18,000 kilometers, were carried over from the previous administration under former President Muhammadu Buhari.
During a press briefing at the presidential villa, Umahi disclosed that approximately N4 trillion has already been disbursed to contractors by the current administration.
However, a substantial funding gap of N10 trillion remains to complete these projects.
To address this financial shortfall, Umahi indicated that funding sources amounting to N4 trillion have been identified, leaving a significant gap of N6 trillion. He also highlighted the need to terminate some of these long-standing projects, some of which have been ongoing for up to 20 years, without a defined source of funding.
Umahi emphasized the importance of prioritizing road projects and urged Tinubu to encourage the National Assembly to allocate adequate funds for these crucial infrastructure developments.
He raised concerns about the inadequacy of appropriations, where projects costing billions of Naira receive significantly less in funding, ultimately benefiting the contractors more than the infrastructure’s quality and longevity.
-
Fact Check12 months ago
Fact-check: No, Federal Government is not giving out 25,000 naira conditional cash transfer
-
Entertainment1 year ago
Naira Marley Speaks Out After MohBad’s Passing
-
News1 year ago
Tottenham Bracing for a Major Challenge Against Arsenal, Says Postecoglou
-
News2 years ago
I’m best to work with Tinubu as Senate President – Kalu
-
Sport2 years ago
Lampard returns to Chelsea as caretaker manager
-
News1 year ago
Cause of Mohbad’s Death Under Investigation as Police Exhume His Body for Autopsy