Close Menu
    What's Hot

    AFC Raises $2bn in Syndicated Loans to Scale Investments

    June 4, 2026

    Naira Slides Against US$, Nigeria’s FX Reserves Near 2009 High

    June 4, 2026

    Equities Investors Lose N561bn as NGX Extends Bearish Run

    June 4, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Thursday, June 4
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » N800bn Allocated to Works Ministry for 2025 Inadequate-Minister
    News

    N800bn Allocated to Works Ministry for 2025 Inadequate-Minister

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJanuary 18, 2025No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    N800bn Allocated to Works Ministry for 2025 Inadequate-Minister
    David Umahi, Works Minister
    Share
    Facebook Twitter Pinterest Email Copy Link

    N800bn Allocated to Works Ministry for 2025 Inadequate-Minister

    The Minister of Works, Mr Dave Umahi, says the N800 billion allocated to the ministry in the 2025 budget is inadequate to address the country’s road infrastructure needs.

    Umahi stated this in Abuja during the 2025 budget defence session organised by the House Committee on Works.

    He appealed to the committee to use its legislative powers to consider increasing the ministry’s budgetary allocation for the 2025 fiscal year.

    The minister emphasised the need for adequate funding to enable the ministry to complete ongoing projects and initiate new ones across the country.

    He stated that the scope of road projects the ministry was planning to undertake would not be achieved with the allocation.

    Umahi said that borrowing funds to address Nigeria’s infrastructure deficit was crucial for the nation’s progress.

    “ We plead with you to help us; the N800 billion cannot do anything for us. It cannot address our road needs and so we plead with you to help us.

    “When the nation is in recession, you have to borrow money and invest in infrastructure.

    “That is how you emerge from a recession.

    “Infrastructure is a catalyst for economic activities and this hunger we talk about will become a thing of the past.

    “Food sellers sand suppliers, gravel workers and others will benefit; support President Bola Tinubu and let’s borrow money to build infrastructure so that Nigeria can be great again,” he said.

    The Chairman of the committee, Mr Akin Alabi (APC-Oyo), promised to interface with the Minister of Finance and the Budget Office to unravel the rationale behind the ministry’s low budgetary allocation. #N800bn Allocated to Works Ministry for 2025 Inadequate-Minister  Ministry Seeks $2 billion Fibre Optics Funding

    David Umahi Housing Works
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Related Posts

    News

    AFC Raises $2bn in Syndicated Loans to Scale Investments

    June 4, 2026
    News

    Naira Slides Against US$, Nigeria’s FX Reserves Near 2009 High

    June 4, 2026
    News

    Equities Investors Lose N561bn as NGX Extends Bearish Run

    June 4, 2026
    News

    Kenya’s Private Sector Activity Deteriorates in May -PMI

    June 4, 2026
    News

    Germany’s Economy Set to Benefit as Europe Raises Defence Spending

    June 4, 2026
    News

    Senate Raises Sugar Tax, Establishes Health Fund for Diseases

    June 4, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    AFC Raises $2bn in Syndicated Loans to Scale Investments

    June 4, 2026

    Naira Slides Against US$, Nigeria’s FX Reserves Near 2009 High

    June 4, 2026

    Equities Investors Lose N561bn as NGX Extends Bearish Run

    June 4, 2026

    Kenya’s Private Sector Activity Deteriorates in May -PMI

    June 4, 2026
    Latest Posts

    AFC Raises $2bn in Syndicated Loans to Scale Investments

    June 4, 2026

    Naira Slides Against US$, Nigeria’s FX Reserves Near 2009 High

    June 4, 2026

    Equities Investors Lose N561bn as NGX Extends Bearish Run

    June 4, 2026

    Kenya’s Private Sector Activity Deteriorates in May -PMI

    June 4, 2026

    Germany’s Economy Set to Benefit as Europe Raises Defence Spending

    June 4, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    AFC Raises $2bn in Syndicated Loans to Scale Investments

    June 4, 2026

    Naira Slides Against US$, Nigeria’s FX Reserves Near 2009 High

    June 4, 2026

    Equities Investors Lose N561bn as NGX Extends Bearish Run

    June 4, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.