Housing ministry budgets N6.3bn for highway infrastructure

The Federal Ministry of Housing and City Growth has allotted N6, 345,650,913 for highway infrastructure in its 2025 govt funds, not too long ago introduced by President Bola Tinubu.

In keeping with the funds particulars, the ministry’s capital expenditure for 2025 stands at N83.75bn; of this quantity, N69.35bn has been earmarked for the development and provision of fastened belongings, with highway infrastructure accounting for a considerable N6.3bn.

The funds revealed the ministry’s priorities throughout varied sectors, together with the development and provision of workplace buildings at N11.65bn, residential buildings at N23.84bn, water services at N1.08bn, hospitals and well being centres at N380m, public faculties at N682m, and different infrastructure initiatives at N25.36bn.

Along with new constructions, the funds allotted N10.37bn for rehabilitation and repairs, making certain the longevity of present buildings.

The sum of N346m has been designated for fastened belongings, protecting motor automobiles at N120m, computer systems at N26m, and educating and studying assist tools at N200m.

The Minister of Housing and City Growth, Musa Dangiwa, pledged his dedication to tackling housing and different associated infrastructure deficits.

Expressing considerations that the housing issues within the nation require at the least 550,000 housing items yearly over the following 10 years to shut the deficit, the minister asserted that the ministry has achieved important progress underneath the Renewed Hope Agenda.

“The Ministry wants a much bigger budgetary allocation for housing items. We engaged the Nationwide Meeting not too long ago and so they have expressed willingness to help the N500bn funds for the Ministry in 2025,” he mentioned at a latest assembly in Abuja.