FG Owes Contractors 11Trillion Naira – Fashola
FG Owes Contractors 11Trillion Naira – Fashola
The Federal Government owes contractors about N11.16tn for the construction of various highways across the country and certificates of completion.
The Minister of Works and Housing, Babatunde Fashola (SAN), who made this disclosure while defending the proposed budget of his ministry in the 2023 Appropriation Bill, said his ministry had currently awarded 1,642 highway contracts for 1,632 projects at a total sum of N10.395tn.
Fashola, while appearing before the House of Representatives Committee on Works in Abuja on Tuesday, with the lawmakers asking him to “take a bow and go” after his presentation, stated, “The main challenge to highways development in the country remains inadequate funding. As at date, the government is committed to highway contractors to the tune of about N10.4tn, while a total of about N765bn are unpaid certificates for executed works.
“Secondly, the shortage of younger engineers/technical officers in the ministry as a result of embargo on employment is affecting proficient project supervision at the sites. It is expected that more sources of funding of highway projects be explored as well as lifting the embargo on employment of needed engineers/technical officers at middle level to enhance supervision of projects.”
If you liked this article, then please join our WhatsApp Group for More tutorials. You can also find us on Twitter and Facebook.
Disclaimer: Contents provided and/or opinions expressed here do not reflect the opinions of The Charity Reporters or any employee thereof.
