Business
Nigeria needs $35 billion to initiate concrete road construction nationwide – Umahi
The Minister of Works, Sen. Dave Umahi, has revealed that $35 billion is required from the Federal Government to initiate concrete road construction across the nation.
Umahi made this known on Tuesday during a meeting with Minister of Steel Development, Shuaib Audu, held at the Ministry of Works headquarters in Abuja.
The meeting was a brainstorming session between the two ministers on how to tap into the opportunities the Ajaokuta Steel Plant presents for the development of concrete road infrastructure in Nigeria.
Umahi further emphasised that the defunct Ajaokuta steel company would play a major role in the road infrastructure development plan by providing more than 16% of the materials needed for the construction of Nigerian roads in concrete pavement.
ThePressNG gathered this information from the press statement released by the Chief Press Secretary of Umahi Orji Uchenna on Tuesday, as seen on the website of the Ministry of Works.
The statement further disclosed that both ministries’ decision to collaborate on executing the Federal Government’s action plans for national development would create jobs and wealth for Nigeria’s population, as well as create a global market and encourage industrialisation.
The Minister of Steel Development revealed that the Federal Government has plans to resume steel production at the Ajaokuta Steel Plant soon.
Audu further disclosed that revealed that the Ajaokuta Steel Plant would be responsible for producing a substantial quantity of steel wrought for the over 30,000 kilometres of roads the Federal Government is looking to develop nationwide.
Speaking on the potential benefits of the collaboration between the Ministry of Works and the Ministry of Steel Development, Audu said it would provide the needed economic boost for the nation, generate revenue and provide thousands of direct jobs for skilled and non-skilled technicians and hundreds of thousands of unskilled jobs in Nigeria.
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