Following the Nigerian National Petroleum Company Limited, NNPCL decision to discontinue funding road projects in the country through its tax credit scheme with effect from August 1, 2025, the Minister of Works, Engr. David Umahi, disclosed that the federal government now required N3 trillion to complete ongoing road projects.
However, President Bola Tinubu has since directed the ministry to explore alternative financing models to ensure no critical infrastructure project was abandoned.
Umahi also announced that going forward, road projects under N20billion would be handled by indigenous construction firms as part of the administration’s Nigeria first initiative.
Umahi made this disclosure this during an inspection visit to the ongoing dualisation of East-West Road in Rivers State on Tueaday
According to the minister, the federal ministry of works had compiled all NNPCL inherited tax credit projects for strategic priority funding. The most critical projects within the national economic corridor will receive precedence in the hierarchy of prioritization.
“We are inspecting projects of federal government in Rivers State, and this particular one is the dualization of Eleme Junction to Onne Port Junction by RCC.
“Recall that one carriageway was completed and commissioned, even though there are a few things we ordered afresh like the retaining wall and hanging drainage.
“For the second carriageway with some bridges and flyovers, work has started on it. Let me say that this is part of the NNPC Tax Credit that has been stopped in terms of funding by NNPC.
“But graciously, we have compiled all the NNPC inherited Tax Credit projects, and we presented as Ministry of Works to Mr. President. And Mr. President has graciously directed that none of such works should stop now.
“However, as Ministry, we are going to do prioritization of the projects and look at the most critical of these projects within the national economic corridor like this one. And we are going to put it forward for immediate funding because the President directed that none of such projects should stop now, ” Umahi said,
The minister charged contractors working on federal projects across the nation to avoid the temptation to cut corners, warning that quality control would be strictly enforced to ensure Nigerians got value for moaney.
