The Minister of Works, David Umahi, has revealed that the Federal Government requires a staggering ₦3 trillion to complete ongoing road projects initially funded under the Nigerian National Petroleum Company Limited (NNPCL) tax credit scheme.
Umahi made the disclosure on Wednesday during a press conference at the ministry’s headquarters in Abuja, stating that NNPCL discontinued funding effective August 1, 2025.
He, however, added that President Bola Tinubu has directed the ministry to explore alternative financing models to ensure that no critical infrastructure project is abandoned.