Federal Ministry of Works

Jun

2026

LATEST PRESS

CEMENT MANUFACTURERS MUST REDUCE PRICES, TINUBU IS RETAKING NIGERIA — UMAHI

The Honourable Minister of Works, Senator Engr. David Umahi, CON, has called on cement manufacturers across the country to immediately reduce the price of cement, insisting that the current cost of the product is placing pressure on ongoing infrastructure projects and increasing demands for contract variations.

Umahi made the call while delivering keynote address at the official unveiling of the new corporate identity of Lafarge, now rebranded as HBM, a member of the HUAXIN Group, held at the Lagos Continental Hotel on June 21, 2026.

Speaking before industry leaders, investors, and stakeholders, the Minister emphasized that the Federal Government would engage cement manufacturers from July 1 to address the issue of cement prices. “I want to insist that Lafarge now HBM and other manufacturers of cement should reduce their prices,” Umahi declared.

“We shall be engaging on this from First of July. Manufacturer of Cement must reduce their prices because the contractors are chocking me to review their contracts. But nobody is reviewing anybody’s contract. It’s the manufacturers of cement that should review their cost.”

The Minister noted that President Bola Ahmed Tinubu’s administration is investing heavily in critical infrastructure across the country, creating unprecedented opportunities for manufacturers and investors. He urged HBM and other industry players to expand their capacity to meet the growing demands of the nation’s infrastructure revolution.

Commending the company on its transition and renewed commitment to the Nigerian market, Umahi assured the management of government support and partnership. “I commend you very highly and I say welcome onboard and we are going to work together. The market is smaller than what the president is doing. So, enlarge your coast,” he said.

The Minister used the occasion to highlight the remarkable progress being recorded under President Tinubu’s Renewed Hope Agenda, particularly in the area of infrastructure development. He pointed to the Lagos-Calabar Coastal Highway as one of the evidences of the administration’s bold vision and commitment to national transformation.

According to him, the quality and scale of the project have continued to attract global attention and admiration. “When the Dudge Bank came to evaluate our project, they said it was undervalued and that the project is of topmost quality. Today, Our neighboring nations are coming to steal the technology of the coastal highway.”

Umahi expressed profound appreciation to President Tinubu for providing the leadership and political will driving the country’s infrastructure renaissance, assuring Nigerians that the administration remains firmly on course to restore national prosperity. “I want to use this opportunity to thank President Bola Ahmed Tinubu and I commit that Mr. President is committed to retake this country. The President knows what he is doing. The vision and mission are achievable and we are on course and this country will be taken back for the good of Nigerians.”

Dec

2016

Fashola Calls For The Harmonisation Of Existing Policies In Creating The National Transport Bill The Honourable Minister of Power, Works and Housing, Babatunde Raji Fashola SAN, said there is need to factor in other existing government policies into the newly proposed National Transport Bill currently being considered by the Senate Joint Committee on Land Transport, Marine Transport and Aviation. He made this call at a one- day Public Hearing on a bill for an Act to provide for the Establishment of the National Transport Commission as an Independent Multi-Model Economic Regulator for the Transport Industry and other Related Matters. The Minister commended the National Assembly by allowing officials of the ministries and other agencies of government to contribute in the decision making process of this important legislative draft bill for the entire benefit of the people and the nation at large. Fashola stated that, though he has not been privileged to other bills as its relate to the Ministry of Transport, adding that his intervention and that of the ministry will be more of advisory, cautionary and demanding of perhaps so much retrospection before making a final decision on the bill. Policy, according to the minister continues almost globally and they originate from ministries. "We must at this point ask ourselves what is the transport policy that we seek to implement?". He noted for example that government has a policy on safety which brought about the establishment of the Federal Road Safety Commission to implement its policy on safety. Also, government's policy on road maintenance led to the creation of the Federal Road Maintenance Agency, Similarly, its policy on housing brought about the establishment of the Federal Housing Authority, same in the Aviation sector and other sectors. The minister called for retrospection in making a lasting policy that would make the transport industry a viable one, adding that for this to be achieved, there is need for the Senate committee to constitute a technical body to look into all the grey areas before passage of the bill into law. Earlier in his opening remarks, the chairman of the Senate Joint Committee on Land Transport, Marine Transport and Aviation, Sen. Olugbenga Asafa welcomed and thanked the special guests and other participants for honouring their invitation. He enjoined the sector professionals and stakeholders to cooperate with the committee as they solicit and galvanized more information on this important bill which is crucial to the transport industry. He however noted that the establishment of the National Transport Commission connotes an independent regulatory body in the transport sector. The Commission among others is to be responsible for the provision of transport policies, regulate the transport industry, protect the right and interest of service operators and commuters; and create an enabling environment for private sector participation in the provision of essential services in the transport sector. While declaring the one-day public hearing opened, the Senate President, Dr Abubakar Bukola Saraki who was represented by the Senate Leader, Sen. Ali Ndume welcomed participants and remarked that the essence of this one-day public hearing is to seek the most updated knowledge on information of matters before us. The Senate President said that, the Senate have identified the National Transport Bill among other bills that will help us develop our transport sector in a manner that would cut cost of doing business with efficiency and innovation. According to him, 'the bill when passed into law will provide the legal, regulatory and institutional basic necessity to interconnect, synchronized and share government policy in the entire spectrum of transport in the country from aviation to land and marine, adding that it will add enormous potentials to help our entrepreneurs to move goods and services much more efficient and reliably in a multi-model system'. The proposed bill for an act to create the National Transport Commission is being sponsored by Senator Andy Uba of the Senate Joint Committee on Land Transport, Marine Transport and Aviation. ...