{"id":335854,"date":"2024-08-22T19:43:13","date_gmt":"2024-08-22T18:43:13","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=335854"},"modified":"2024-08-22T19:43:13","modified_gmt":"2024-08-22T18:43:13","slug":"minister-of-works-announces-no-new-projects-for-2025-to-focus-on-completing-ongoing-ones","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/08\/22\/minister-of-works-announces-no-new-projects-for-2025-to-focus-on-completing-ongoing-ones\/","title":{"rendered":"Minister of Works announces no new projects for 2025 to focus on completing ongoing ones"},"content":{"rendered":"<ul>\n<li><strong><strong>Umahi highlighted that there are currently over 4,000 ongoing projects with a significant funding gap of N16 trillion<\/strong><\/strong><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p>The Minister of Works, Engr. David Umahi, announced on Thursday that the Ministry will not propose new projects for the 2025 fiscal year.<\/p>\n<p>This decision aims to address and reduce the issue of abandoned projects.<\/p>\n<p>Speaking at a media briefing in Abuja to mark his first year in office, Umahi stated, \u201cWe will not propose new projects for the 2025 fiscal year unless otherwise directed by Mr. President. My focus will be on ensuring that the Ministry of Finance allocates funds to complete ongoing projects.\u201d<\/p>\n<p>Umahi highlighted that there are currently over 4,000 ongoing projects with a significant funding gap of N16 trillion, many of which were inherited from previous administrations. He noted that some of these projects were initiated when the Naira was valued at N150 to $1 USD, and that inflation has considerably increased their costs.<\/p>\n<p>The Minister emphasized that prioritizing the completion of these ongoing projects is in the nation\u2019s best interest, given the current economic climate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Umahi highlighted that there are currently over 4,000 ongoing projects with a significant funding gap of N16 trillion The Minister of Works, Engr. David Umahi, announced on Thursday that the Ministry will not propose new projects for the 2025 fiscal year. This decision aims to address and reduce the issue of abandoned projects. Speaking at [&hellip;]<\/p>\n","protected":false},"author":49,"featured_media":305056,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[7793,1716,80425,80875],"class_list":["post-335854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-7793","tag-budget","tag-engr-david-umahi","tag-the-minister-of-works"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Minister of Works announces no new projects for 2025 to focus on completing ongoing ones<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2024\/08\/22\/minister-of-works-announces-no-new-projects-for-2025-to-focus-on-completing-ongoing-ones\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Minister of Works announces no new projects for 2025 to focus on completing ongoing ones\" \/>\n<meta property=\"og:description\" content=\"Umahi highlighted that there are currently over 4,000 ongoing projects with a significant funding gap of N16 trillion The Minister of Works, Engr. 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