Following the Nigerian National Petroleum Company Limited’s (NNPCL) departure from the tax-credit program, the Federal Government has declared that it is investigating Public-Private Partnership (PPP) arrangements to finish important road projects valued at around N3 trillion.
With effect from August 1, 2025, the NNPCL ceased additional funding under the program, leaving a sizable financial void for a number of existing projects.
The News Agency of Nigeria (NAN) reports that David Umahi, the Minister of Works, revealed this at a media conference in Abuja. According to Umahi, the ministry was instructed by President Bola Ahmed Tinubu to look into alternate financing sources.
He went on to say that a list of the impacted road projects is being put up and will be assessed using the PPP approach, giving preference to contractors that possess both technical and financial strength.
The report partly read,
“The Federal Government requires N3 trillion to complete road projects awarded under the Nigeria National Petroleum Company Limited (NNPCL) tax credit scheme.
“Works Minister David Umahi in Abuja while briefing newsmen. He said that following the NNPCL’s decision to halt funding from Aug. 1, President Bola Tinubu directed the ministry to explore alternative sources of financing to ensure no project is abandoned,”
Last week, the Minister provided updates on the 43.6-kilometer Maraba–Keffi dual highway, which was one of the NNPCL-funded projects in the past.
Due to economic difficulties, the project will now be implemented in stages and has been reconfigured using concrete pavement. With the N76 billion that NNPCL still has available, only the first carriageway and two kilometers of the second will be finished; the other portions will be maintained for the time being.
