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Road Contractors To Get Payment Of Accrued Debt Soon – FG - Nairaland / General - Nairaland

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Road Contractors To Get Payment Of Accrued Debt Soon – FG by Newsbreakers: 3:25pm On May 19, 2016
The federal government has reiterated that it will, in a few days, begin the payment of accrued debt owed to road contractors for various projects they have executed across the country.

This was disclosed by Mr Babatunde Fashola, the Minister of Power, Works and Housing, yesterday in Abuja. He revealed that the ministries will begin to get some of the funds allocated to them in the 2016 budget within days, and will begin gradual payment of the debts.

He said that is very important because when the debts are paid, workers who were laid off by the construction companies would be recalled to work as soon as possible.

When the minister was visited by about 20 of the construction firms in his office, including Julius Berger Nigeria Plc, Arab Contractors, Dantata and Sawoe, Reynolds Construction, Stallini, RCC, Gitto and Setraco amongst others, Fashola said, “Very soon, in a matter of days, hopefully we will get some funding to disburse to you. What we hope to achieve is to hear from you what the problems are, and when you think you can finish.”

He further stated that one reason the government is doing this is to win the commitment of the contractors, to go back to their respective sites, using the thousands of recalled workers to complete their projects.

It would be recalled that a report in November 2015 by the House of Representatives Committee on Works had revealed the contractors were owed about N300 billion by the government.

Fashola also said, “I have been to some roads especially in the north central and I will continue to do that across all your sites. I need you to also provide for us information about the number of people you expect to employ in your various sites. I need to know the number of people you are likely to put back to work when you are paid because what we are likely to achieve here as we go on this year is to complete as many constructions as possible as our money can allow on some of the roads that you are working on.

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