Why Tinubu Is Borrowing ₦57–66 Trillion to Fix Nigeria’s Roads, Says Works Minister

Since May 2023, the Tinubu administration has taken on an estimated ₦57 trillion to ₦66 trillion in new public debt, according to economic analysts and data-tracking organisations. Works Minister David Umahi said the president is borrowing to rebuild roads because infrastructure underpins security, trade and economic growth. He made the remarks in Abuja during a visit by the Inspector General of Police. Umahi noted that over 80 percent of ongoing projects, valued at about ₦34 trillion, were inherited from previous administrations. They include schemes dating back to the early 2000s, which the president chose to retain as part of his economic revolution. He highlighted four flagship corridors: the Lagos–Calabar Coastal Highway, the Sokoto–Badagry Highway, the Calabar–Abuja corridor and the Akwanga–Maiduguri route. He also reported completion of the first solar-lit section on the Abuja–Kaduna–Kano road.

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