 In October 2003 Shagari announced that the Federal Government had approved N10.7 billion for water projects across the country.He said the government had completed 2,500 water projects nationwide, but about 195 other water projects were still under construction.In February 2004, Shagari said that an N677 million contract awarded to a Korean company in May 2002 to build the Inkari Dam in Akwa Ibom State had been transferred to a Nigerian company.