The Minister of Works, David Umahi, has disclosed that initiating concrete road construction nationwide requires a sum of $35 billion from the Federal Government.
Furthermore, he emphasised that the defunct Ajaokuta steel company is poised to contribute 16 percent of the necessary steel materials for the construction of Nigeria’s roads with concrete pavements.
This pivotal decision became the focal point of discussion during a meeting between the Minister of Works and the Minister of Steel Development, Shuaib Audu, held at the ministry headquarters in Abuja.
In a statement released on Tuesday, the Chief Press Secretary to the Minister, Orji Uchenna, highlighted that the meeting underscored the crucial need for coordination, cooperation, and coherence in executing the Federal Government’s action plans for national development.
The Minister pointed out that the required funding, to be secured through a collaboration with a commercial bank, will undergo approval by the Federal…