Learn more

The Minister of Works, Engr David Umahi, has said the pressure on the naira in the foreign exchange market and the removal of fuel subsidy have impacted earlier projections of what the Federal Government would need to complete inherited ongoing road projects nationwide. Umahi stated this on Monday at a press briefing, noting that President Bola Tinubu’s administration would now require over N19 trillion to complete these projects. According to him, the new cost represents an increase of N3 trillion over the N16 trillion projected for the projects as of August 2024. Umahi had said that the fund…

cuu