Connect with us

Hi, what are you looking for?

News

N2 Trillion Debt Owed By Jonathan’s Administration Impeding Road Construction – Fashola

About N2 trillion of inherited liability owed to road contractors by the immediate past government is impeding progress in the sector, the Minister of Power, Works and Housing, Babatunde Fashola has said.

Speaking at the 22nd meeting of the National Council of Works holding in Katsina, Fashola said the present administration was addressing the issue to fast track the sector.

He said that in 2015 only N18 billion was budgeted for the sector which showed lack of commitment towards addressing the debts, and that this administration budgeted N266 billion and had already paid N73 billion to contractors being owed and mobilised to sites.

__________

Follow us on Twitter at @thesignalng

Copyright 2015 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant sources.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Related

News

Former President Goodluck Jonathan is expected in Takum, Taraba state on the 23rd of February, 2024 to commission the Kashimbilla Dam and the airport....

News

Former President Goodluck Jonathan, on Friday, urged political leaders to end tension and political altercations to enable Nigeria to move forward. Jonathan stated this...

News

Former President Goodluck Jonathan on Tuesday met with President Bola Tinubu in the Villa. Jonathan, who doubles as Head of the ECOWAS Mediation Team...

News

Barely two months to the end of the second term of the present administration, the presidency is convinced that like Jonathan, Nigerians will yearn...

Copyright ©