Minister of Works, Engr David Umahi, has stated that President Bola Ahmed Tinubu is borrowing to fix roads and infrastructure across Nigeria. Umahi emphasized that infrastructure is the foundation for security, commerce, and economic growth. He urged Nigerians to support President Tinubu’s reforms, noting that criticism is only welcome when it is constructive.
According to a report by Vanguard, Umahi made these remarks during a visit by the Inspector General of Police, IGP Olatunji Disu, to the Ministry of Works. Economic analysts and data tracking organizations such as the Alliance for Economic Research and Ethics estimate that Tinubu’s administration has accumulated between ₦57 trillion and ₦65.9 trillion in new public debt since assuming office.
Why Borrowing Is Necessary
“When people say, ‘Why is he borrowing?’ The president is borrowing so that our roads can be good. Infrastructure, roads, everything. Without roads, it’s difficult for the security agencies. Without roads, it’s difficult for commerce to thrive. Without roads, schools will be hindered,” Umahi said.
The minister announced that the 47.47-kilometer section one of the Lagos-Calabar Coastal Highway has been completed. He stated that the completed section is attracting investors interested in tolling and recouping funds for the government.
Progress on Key Roads
Umahi disclosed that President Tinubu had approved solar lighting for the entire 375-kilometer Abuja-Kaduna-Zaria-Kano road. According to Umahi, the first 118 kilometers of the road have already been completed at a cost of N252 billion. The former Ebonyi State governor said the second section of 164 kilometers is expected to be finished by November 2026.
Umahi announced plans to replicate security infrastructure across major routes in each geopolitical zone. This will include CCTV, solar lighting, rest houses, and observation centers, under concession arrangements.
Tinubu’s Defense of Borrowing
Recall that President Tinubu has defended borrowing as necessary for national development amidst rising public debt concerns. Nigerians have expressed strong reactions to President Tinubu's comments on borrowing and national budget management. Public critiques highlight fears of increased debt impacting Nigeria's financial stability and governance.
Recent Loan Approvals
Legit.ng earlier reported that President Tinubu asked the Senate to approve a fresh $516 million loan from Deutsche Bank to fund sections of the Sokoto–Badagry Super Highway. The 1,000-kilometer project is designed to connect Nigeria’s North-West and South-West, cutting travel time between Sokoto and Lagos almost in half. Lawmakers said the highway could be a major boost to trade, food security, and national integration.
