• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Sunday, July 20, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home Business

Works Ministry Begs NASS To Increase Budget To N1.5trn

Ojimaojo Abubakar by Ojimaojo Abubakar
February 9, 2025
in Business
0
Works Ministry Begs NASS To Increase Budget To N1.5trn
0
SHARES
2
VIEWS
FacebookTwitterWhatsappEmailTelegram

ABUJA —The minister of Works, Sen Dave Umahi has asked the National Assembly to increase the ministry’s 2024 budget to about N1.5 trillion to enable it complete at least 10 selected critical roads and bridges in each of the six geo-political zones of Nigeria.

The minister also asked the Senate and House of Representatives committees on Works to equally support a review of all certified debts to contractors and if possible ,convert same to promissory notes to contractors to enable the ministry focus on using any funds appropriated to pursue the ministry’s set objectives .

Engineer Umahi who stated that out of N383,351,656,449.00 the sun of N184,351,147,332.29 which represents 48.01 percent of the capital allocation in the 2023 leaving a balance of N199,405,010,166.71 to be released, pointed out the need to encourage contractors to key into the Road Tax Credit Scheme to increase the number of private sector interventions .

RelatedPosts

Naira Records 77 Kobo Gain Against Dollar at Official Market

Nigeria’s Inflation Forecast: A Dip to 17% by November Amid Economic Optimism

FG Reiterates Commitment to Unlocking Nigeria’s MSME Ecosystem

The minister who appeared before the joint Senate and House of Representatives committees on Works further explained that the monies so far released was utilized for payments of some certified certificates for executed works on roads and bridges by Highway projects of engineering services and common services department .

He explained that as at November 2023 the ministry had an unpaid certificate in the sum of N1,507,873,365,616.02.

Engineer Unahi said the ministry had generated the sun of N723,063,678.62 from January to November 2023 and the sum remitted to the consolidated Revenue Account .

ALSO READ:  Grid Collapse: Power Minister Orders Immediate Implementation Of Committee’s Report

Speaking to the 2024 budget proposal of N657,228,251,596 the minister stated that part of the monies will be used to complete the Lagos-Ibadan expressway substantially completed about 90 percent .

The Abuja-Kaduna -kano road, Zaria-kano road,2nd Niger bridge although completed but needs Approach roads 2a And 2b already awarded awaiting funding will be included in the budget of 2024.

The minister further advised the lawmakers to consider a provision of an emergency fund of about 30 percent of the budget to carter for unforeseen emergencies that regularly occur on the road network especially during raining seasons.

Senator Adams Oshiomhole had challenged the minister and accused of abandoning his core mandate of road construction and delving into road maintenance which is the core mandate of FERMA.

Lawmakers also queried the wisdom in splitting contract sums instead of allocating reasonable monies that will complete big and important projects.

According to Oshiomhole, “the behaviour of the Ministry of works contradicts the renewed agenda of the current administration .

“We have passed resolutions in the Senate about the state of the roads and what we see in this budget simply dashed the hopes of Nigerians.

“As an Engineer will you in true science say a mere N200 million for a federal road in Edo ?

“I have also observed that you are more interested in repairing roads which is not the mandate of your ministry ,this is the mandate of FERMA. Are you constructing roads and not mere repairs ?

“You have paid attention to state roads more than the federal roads as your core mandate and I ask how?

ALSO READ:  Nigeria Set to Host AfroAsia SMEs Summit 2024, Fostering Global Market Access

But in his response the minister said ,” I will do state roads when I have the need to do it”.

The minister further explained the policy direction of the ministry to use rigid pavement on her projects.

According to him, “the Ministry’s new policy is to prevent excessive augmentation of contacts considering the scarcity of forex and weakening of the Naira against the Dollar which makes the cost of Bitumen increase in geometric progression against the authentic progression of cement prices in concrete road pavements “.

Tags: ElanznewsNASSUmahiWorks
Ojimaojo Abubakar

Ojimaojo Abubakar

Abubakar Ojimaojo is a graduate of Mass Communication, political and football analyst currently work at elanzanews.ng as Editor. He pride himself as skilled wordsmith with a passion for delving into contemporary political issues on both national and international scale.

Related Posts

Naira’s Appreciation Deepens, Gaining N12.34 Against Dollar

Naira Records 77 Kobo Gain Against Dollar at Official Market

by Nathaniel Irobi
July 19, 2025
0

The naira closed the trading week bullish on Friday, trading at N1,532.34 to the U.S. dollar at the official market....

Nigeria’s Inflation Forecast: A Dip to 17% by November Amid Economic Optimism

Nigeria’s Inflation Forecast: A Dip to 17% by November Amid Economic Optimism

by Nathaniel Irobi
July 18, 2025
0

Nigeria's inflation is anticipated to experience a gradual decline, with analysts forecasting a year-on-year rate of 17.0-17.9% by November 2025....

FG Reiterates Commitment to Unlocking Nigeria’s MSME Ecosystem

FG Reiterates Commitment to Unlocking Nigeria’s MSME Ecosystem

by Nathaniel Irobi
July 16, 2025
0

The Ministry of Industry, Trade, and Investment has reiterated its commitment to unlocking the full potential of Nigeria’s Micro, Small,...

Recommended

BRGIE in talks with U.S Govt over Deal, makes offer public

BRGIE in talks with U.S Govt over Deal, makes offer public

3 days ago
Atiku Resigns From PDP, Cites ‘Irreconcilable Differences

Atiku Resigns From PDP, Cites ‘Irreconcilable Differences

4 days ago

Popular News

  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Bwari Council Chairmanship Aspirant, Dara, Dumps Labour Party Over Suspected Foul Play In Primaries

    0 shares
    Share 0 Tweet 0
  • Innoson, Ibeto, Apostle Alozie To Honour Archbishop Emma David At Golden Jubilee Celebration

    0 shares
    Share 0 Tweet 0
  • Kaduna Baptist Church Donates N50,000 Each To 12 Muslims, 4 Retired Pastors

    0 shares
    Share 0 Tweet 0
  • Bannon Tried to Use Iran Strike to Split the GOP Says Former Counselor to Jared Kushner, Eliyahu Okkon, Esq.

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (745)
  • Education (217)
  • Entertainment (311)
  • Health (194)
  • National (2,204)
  • News (8,245)
  • Opinion (305)
  • Politics (1,631)
  • Science (15)
  • Security (406)
  • Sports (442)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform