• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Wednesday, June 10, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
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

CPPE Backs CBN’s Decision to Hold Monetary Policy Rates

CBN Holds Interest Rate at 26.5% Amid Inflation Battle

N917bn Gain: Stock Market Roars Back

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:  Shettima departs for World Economic Forum in Switzerland

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:  African Development Bank Supports Côte d'Ivoire With €400m Credit Guarantee For ESG Projects

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
Previous Post

Our Budget Too Poor To Fight Poverty – Minister

Next Post

We Must Close Gender Gaps In Politics – Brenda Anugwom

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

CPPE Backs CBN’s Decision to Hold Monetary Policy Rates

CPPE Backs CBN’s Decision to Hold Monetary Policy Rates

by Nathaniel Irobi
May 21, 2026
0

The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria for retaining key monetary...

CBN Holds Interest Rate at 26.5% Amid Inflation Battle

CBN Holds Interest Rate at 26.5% Amid Inflation Battle

by Nathaniel Irobi
May 20, 2026
0

The Central Bank of Nigeria (CBN) has retained its benchmark interest rate at 26.5 per cent, reinforcing efforts to stabilise...

N917bn Gain: Stock Market Roars Back

N917bn Gain: Stock Market Roars Back

by Nathaniel Irobi
May 20, 2026
0

  The Nigerian Exchange reversed a three-day bearish run on Tuesday, as investors gained N917 billion on the back of...

Next Post
We Must Close Gender Gaps In Politics – Brenda Anugwom

We Must Close Gender Gaps In Politics - Brenda Anugwom

Power Goes Off As Power Minister Defends N344bn 2024 Budget Before Lawmakers

Power Goes Off As Power Minister Defends N344bn 2024 Budget Before Lawmakers

Recommended

Terrorists kill seven soldiers in Kaduna ambush

Terrorists kill seven soldiers in Kaduna ambush

54 minutes ago
Northern youth rejects interim political arrangement, backs power shifts

Northern youth rejects interim political arrangement, backs power shifts

2 days ago

Popular News

  • Residents flee as flood ravages 10 communities in Kebbi – NEMA

    Residents flee as flood ravages 10 communities in Kebbi – NEMA

    0 shares
    Share 0 Tweet 0
  • Nigerian Govt laments gaps in polio eradication despite $500m spent

    0 shares
    Share 0 Tweet 0
  • Court Rejects Stay of Execution Bid Against United Methodist Church

    0 shares
    Share 0 Tweet 0
  • Musawah Movement Demands Constructive Political Dialogue Ahead of 202

    0 shares
    Share 0 Tweet 0
  • Drama In FCT Polls As APC, PDP Candidates Step Down For Each Other

    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 (26)
  • Business (836)
  • Education (277)
  • Entertainment (423)
  • Health (254)
  • National (3,358)
  • News (10,525)
  • Opinion (453)
  • Politics (2,229)
  • Science (15)
  • Security (421)
  • Sports (736)

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