The Minister of Works and Housing, Babatunde Fashola, this weekend disclosed that the Federal government owes its various contractors N336 billion.
Fashola made this known during an interview with Arise Television while speaking on the challenges being faced in the Ministry which he supervises. He said only N27 billion has been paid so far to the owed contractors while more certificates are piling up for the contracts that have not been paid.
“Our debts as of the end of July, our outstanding and unpaid certificates, for example, were in the area of N336 billion. Now, the release we have from the ministry of finance for the second quarter is N27 billion. Then we have the Sukuk N162 billion. So, if you add that up, we are still way behind and more certificates are piling up for work that we haven’t paid.
When you divide N162 billion by 44 roads, what is left? That defines where we are in terms of the funding challenge.
At this moment, for example, FERMA is going to undertake 192 road repairs and maintenance over the next 12 months. They just sent me the implementation plan on Friday last week and they are good to go.” he said
This money is much ahh
This is strange.
I hope we don’t wake up one day and they’ve sold our country o lol
It’s really a lot of money oo
Then he has to pay off what is owing so that the contractor can do good work for the country
Oh na wa ohh This money is much ahh
Lol God come and help us ohh so that we will not wake up one day and they’ve sold our country
God help us in dis issue oo
No na this money is too much
Woww that’s a huge amount, but they ought to pay them
I hope we don’t wake up one day and they’ve sold our country o lol
Nawoo such a big debt, ok it is well
No na this money is too much
Vow dats too much money
Hmmmmm Nigeria and corrupt leaders now dey are owing
Too bad. Nigerian government owes alot
It is well😪
Thats a big amount of money oo
That is a huge sum of money.
FG should pay because those contractors have families to cater for
That is a lot of money oo
Wahala every time money money
This money is much ahh
It’s really a lot of money
Na wa ohh
This money is much ahh
This money is much ahh💰💰💰💰
It’s really a lot of money
Wahala every time money money