In a statement issued by his Special Adviser (Media), Mr. Akpandem James, the minister said his elder sibling died on March 13, 2018, after a brief illness. He was aged 66.
The late Inam Udoma was a University of Ibadan trained geologist and businessman.
He had several business interests and served on a number of boards, including that of Linkage Assurance Plc.
Senator Udoma recently declared that Nigeria was out of recession.
He said economic performance of the country in the last quarter showed that the Gross Domestic Product, GDP, grew by 1.92 percent.
Udoma pointed out that the growth was higher than that of the previous quarter, when the economy grew by 1.40 per cent and 0.72 per cent in the second quarter, which according to him was a confirmation that Nigeria had fully exited recession.
