FG owes 3,504 Contractors, Fashola tells National Assembly

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The Minister of Works and Housing, Babatunde Fashola has told the National Assembly that the N76.4bn allocated to his ministry in the 2021 budget will not be adequate.

He revealed that the federal government through his ministry is already owing 3,504 contractors handling various projects across the country the sum of N69.9bn.

Fashola made the disclosure on Thursday when he appeared before the joint National Assembly Committee on Housing, to defend his ministry’s 2021 budget figures.

“The Housing Sector has outstanding liabilities currently to the tune of N69, 909,492,390.76. If we have N69.9billion outstanding liabilities to contractors, where can a capital budget of N76billion take us?”, Fashola said

18 Comments

  1. Owing 3,504 contractors handling different projects throughout the federation, then, you have almost finish project throughout the states.

  2. All those politicians will just be looking for a way to siphone the money, 76 billion is not enough haba, what else do you want.

  3. May God have mercy on us, telling us that you are owing 3,504 contractors handling projects in the federation, can you name the projects for Nigerians to know.

  4. God Have Mercy On Us, Telling Us That You Are Owing 3,504 Contractors Handling Projects In The Federation, Can You Name The Projects For Nigerians To Know.

  5. Owing 3,504 Contractors Handling Different Projects Throughout The Federation, Then, You Have Almost Finish Project Throughout The States

  6. You should save us from all these lies and deceit
    When they bring the money now,it enters into private hands without any trace of usage for the benefit of the masses

  7. Only God can resolve Nigeria problems. The public would like to know how many contractors FG owes in other ministries and government agencies.

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