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Minister of Power, Works and Housing, Mr Babatunde Raji Fashola on behalf of the Federal government at the opening ceremony of a 3-day Nigerian Pension Industry Strategy Implementation Roadmap Retreat, said that the government has pledged not to revoke any inherited contracts.

He added that the usual habit of reversing projects of previous government was wrong and not n the best interest of Nigerians.
He said:

“Newly formed governments begin a review of all contracts signed by their predecessors, cancel or frustrate them even when they are performing. What I am saying is that contracts cannot be terminated or frustrated on trumped up reasons simply because a new government does not like the affiliation of the holder of the contract,”.

He said the contract cancellation or revocation weakens the economy. He said :

It frustrates enterprise and leads to poverty and unemployment through job losses, loans taken from banks are endangered and the knock on effect is more than we often can see on the horizon, because the bad word spreads around the global investment community very quickly like wildfire”.


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Yet another promise to be deny at the appropriate time. Nothing shake me anymore

Continuity... as e suppose be!

But no project is on going now

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