The minister of works, David Umahi yesterday, disclosed that the federal government requires $35bn to commence concrete road construction. The disclosure was made during a meeting with the Minister of Steel Development Shuaib Audu in Abuja.
In a statement issued by his chief press secretary, Orji Uchenna, Umahi said that the Ministry of Steel Development would play a major role in the road infrastructure revolution plan envisioned by President Tinubu by providing more than 16 per cent of the materials needed for the construction of Nigeria’s roads in concrete pavement.
He said that tapping into the opportunities in the steel industry would create jobs and wealth for Nigeria’s population, create a global market, and encourage industrialization.
According to Umahi, the steel industry is the bedrock of Nigeria’s industrialization and the backbone that stimulates national development and provides an economic boost for the industrial growth of any nation.