In News by Oluwaseun Samuel on the 24th, August, 2020

FG Owes Street Contractors N336bn- Babatunde Fashola

FG Owes Road Contractors N336bn- Babatunde Fashola


Babatunde Fashola

Babatunde Fashola, The Minister of Works and Housing has said that the Federal authorities owes its numerous contractors N336 billion.

Fashola made this recognized throughout an interview with Come up Tv whereas talking on the challenges being confronted within the Ministry which he supervises. He mentioned solely N27 billion has been paid to date to the owed contractors whereas extra certificates are piling up for the contracts that haven’t been paid.

“Our money owed as of the top of July, our excellent and unpaid certificates, for instance, have been within the space of N336 billion. Now, the discharge we now have from the ministry of finance for the second quarter is N27 billion. Then we now have the Sukuk N162 billion. So, if you happen to add that up, we’re nonetheless approach behind and extra certificates are piling up for work that we haven’t paid.

If you divide N162 billion by 44 roads, what’s left? That defines the place we’re when it comes to the funding problem.

At this second, for instance, FERMA goes to undertake 192 street repairs and upkeep over the following 12 months. They simply despatched me the implementation plan on Friday final week and they’re good to go.” he mentioned.

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