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FG Owes Contractors Over ₦‎11 Trillion, Says Fashola - Politics - Nairaland

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FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by iwaeda: 7:04am On Nov 02, 2022
The Federal Government owes contractors about N11.16tn for the construction of various highways across the country and certificates of completion.

The Minister of Works and Housing, Babatunde Fashola (SAN), who made this disclosure while defending the proposed budget of his ministry in the 2023 Appropriation Bill, said his ministry had currently awarded 1,642 highway contracts for 1,632 projects at a total sum of N10.395tn.

Fashola, while appearing before the House of Representatives Committee on Works in Abuja on Tuesday, with the lawmakers asking him to “take a bow and go” after his presentation, stated, “The main challenge to highways development in the country remains inadequate funding. As at date, the government is committed to highway contractors to the tune of about N10.4tn, while a total of about N765bn are unpaid certificates for executed works.

“Secondly, the shortage of younger engineers/technical officers in the ministry as a result of embargo on employment is affecting proficient project supervision at the sites. It is expected that more sources of funding of highway projects be explored as well as lifting the embargo on employment of needed engineers/technical officers at middle level to enhance supervision of projects.”


Reading from his written presentation to the committee, the minister noted that the regime had built roads with a cumulative distance of about 8,000 kilometres out of the about 13,000 kilometres under (re)construction.

He stated that the ministry had documented creation of 339,955 jobs across road projects, saying, “These are the human activities behind the kilometres (of road constructed).”

He further said that some of the jobs were created through lane marking covering 1,663,954 linear meters, “which was not visible on our roads before but you can now see them beginning to emerge.”

The minister also noted that 250,583 road signs were missing on the roads as of 2015.

According to Fashola, the construction companies had used 1,002,960,851 litres of diesel for various projects.

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“Construction companies don’t buy diesel; they buy from the market. All of these suppliers are small businesses who benefit from and are impacted by what we do.”

The minister also said the contractors had used 1.6 million tonnes of cement, adding that, “These are activities going on, impacting people beyond what we do here.”

He stressed that 512,000 tonnes of reinforcement, 3,371,000 tonnes of bitumen, among other materials, had been used for the projects.

Fashola further said, “It is to be noted that as at October, 2022, the ministry had a cumulative unpaid certificates in the sum of N765.017bn for ongoing highway and bridge projects. Apart from the pressure of resources to pay, there is the inadequacy of annual budget provisions where N100m or N200m was provided for roads costing N20bn or more.

“In spite of all odds, 20 major highway projects have so far been completed in 2022 and are ready for commissioning. The total cost of the completed projects is in the sum of N444.322,123,808.61 and they cover a total length of 379.677km. Additionally, there are 59 major highways/bridges priority projects that are at advanced level, to be completed within 2022-2023, with a total contract sum of N60,961,187,130.71.”


Fashola also noted that the ministry had initiated an intensive bridge maintenance programme to ensure serviceability of the major assets, adding that bridges were critical structures that guaranteed connectivity across the federal road network.

“Some bridges have never been maintained since they were constructed over 40 years ago. Furthermore, illegal commercial (human) activities, which are detrimental to these national assets, contributed to their deterioration,” he stressed.

The minister said while the overhead cost of the ministry for 2022 was N627.001m, with N365.750m  released for the period of January to July, representing 58.33 per cent, with an outstanding sum of N261.250m.

https://punchng.com/fg-owes-contractors-over-n11tn-says-fashola

2 Likes 1 Share

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by hybrid77: 7:09am On Nov 02, 2022
grin

So its not just borrowing but corruption that has eaten deep into every corner of this country

No accountability anymore..

So after borrowing trillions and keeping the country in huge debts, you are still owing contractors.

So who will pay for these debts nah..

Or they want the next govt to fail like them abi

I just weak for this country. Thieves everywhere

105 Likes 4 Shares

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by Lovenorth: 7:09am On Nov 02, 2022
Last cash out move, our incoming president Peter Obi has alot of work

97 Likes 5 Shares

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by temitope27(m): 7:09am On Nov 02, 2022
We are good to go
ASIWAJU IS COMING

81 Likes 1 Share

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by GoooodHardDick: 7:09am On Nov 02, 2022
In a sane country, this criminal would have been chilling in jail by now.

However By this time next year, he'll be queuing in line to welcome president Peter balogun Babatunde Hassan Oluwadare Obi on state visit to lagos. If you know, you know

57 Likes 4 Shares

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by STEWpid(f): 7:09am On Nov 02, 2022
Chai..


Nigeria is owing World Bank, IMF, & co..

Citizens dey owe loan app companies.

25 Likes 2 Shares

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by emmanuelbrown26: 7:10am On Nov 02, 2022
Beautiful, I so much love dis. Same way d borrowed 1.1 billion USD and paid almost 200 million USD for d blue or red rail way in Lagos. Dis guy dun carry same attitude to d federal level.
Where is d remaining 800 million USD Lagos state borrowed from China.
Na everybody go pay d borrowed money, that's just my happiness.

10 Likes

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by YourRealFather: 7:10am On Nov 02, 2022
All the money wey buhari dey borrow since wetin dem dey take am do?

8 Likes 1 Share

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by mytime24(f): 7:10am On Nov 02, 2022
So all d money fg is borrowing from china and d rest is going to their pockets cheesy

13 Likes

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by Dogalmighty17: 7:10am On Nov 02, 2022
Fashola remains the only minister under buhari who seems to know what he is doing. The rest are just a bunch of efulefus.

3 Likes 1 Share

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by sam564: 7:10am On Nov 02, 2022
Abeg if FG pay all this debt dem dey owe plenty people so, una sure say dem no go use us as collateral or maybe use us pay the remaining debt as life payment grin grin grin??
Naija FG wich way nah....
Woke up this morning to check news that wil gladdens my heart and then Boooommmm.... another factor that indicate that nigeria is a failed state pop-up...

God Abeg!!!!!
Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by dahmie2013: 7:11am On Nov 02, 2022
Na wa...
Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by zombieHUNTER: 7:11am On Nov 02, 2022
undecided

APc is a failed party

6 Likes

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by zombieHUNTER: 7:11am On Nov 02, 2022
Dogalmighty17:
Fashola remains the only minister under buhari who seems to know what he is doing. The rest are just a bunch of efulefus.

undecided

And what exactly is he doing?..

supervising power is not a rocket science,

Nigeria is houses the worst federal roads in West Africa..
Nigeria is the poverty capital of the world.
Nigeria is the open defecation capital of the world, have successfully taken over from India

Nigeria spends more on recurrent expenditure to sustain the lifestyle of your thieving politicians than any other country in West Africa..
Nigeria has borrowed more and is still borrowing than all her neighbors combined without nothing to show for it.. even owing contractors,

APc is the worst thing to ever happen to Nigeria.. enough is enough

14 Likes 1 Share

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by ubreal(m): 7:11am On Nov 02, 2022
Imagine the debt that is being kept
If una like make una wise up

3 Likes

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by everythinggirly(f): 7:11am On Nov 02, 2022
Okay na, all the politicians that have stolen billions of money, they should take it from there and pay. Who are the federal government if not them? Nonsense!

2 Likes

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by Doyou2019: 7:12am On Nov 02, 2022
emmanuelbrown26:
Beautiful

11 Trillion
And this, I'm guessing, is exclusive of the 42 Trillion loan we are yet to pay. grin

Went to pick up my daughter from school yesterday and I heard her Government teacher talking about these crazy debts and how much each citizen, including his poor innocent students, owes China, IMF and the World Bank if the debt were to be divided by our population. Insane stuff.

Make APC kukuma kill us all. Shebi dem don Kill Nigeria for the unborn generation sef

6 Likes 1 Share

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by sylve11: 7:13am On Nov 02, 2022
The money they borrowed, the citizens don't feel the impact of it.

The sin wey rubs the government na rubbed the citizens. The government na the citizens and the citizens na the government sad angry cool

2 Likes 1 Share

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by BarrElChapo(m): 7:13am On Nov 02, 2022
Print money na shioor

2 Likes

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by ratiken(m): 7:13am On Nov 02, 2022
Dogalmighty17:
Fashola remains the only minister under buhari who seems to know what he is doing. The rest are just a bunch of efulefus.

What is he doing?

Common criminals under Tinubu tutelage

Minister of darkness

8 Likes

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by AgubataAkokwa: 7:13am On Nov 02, 2022
Not everyone will be happy for your change, because your change will remind them that they’re not changing.

2 Likes

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by GoooodHardDick: 7:13am On Nov 02, 2022
Dogalmighty17:
Fashola remains the only minister under buhari who seems to know what he is doing. The rest are just a bunch of efulefus.

Someone who said a serious government would fix electricity in 6 months?

The idiot has been made a minister since 8years now and there's nothing to show, no light, no good roads and yet you say he knows what he's doing under buhari? You dey ment?

13 Likes 1 Share

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by Pio44: 7:13am On Nov 02, 2022
APC and PDP are thieves

1 Like

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by Shadysen: 7:14am On Nov 02, 2022
happpy birthday to me
Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by IgboSomalia: 7:14am On Nov 02, 2022
GoooodHardDick:
In a sane country, this criminal would have been chilling in jail by now.
However By this time next year, he'll be queuing in line to welcome president Peter balogun Babatunde Hassan Oluwadare Obi on state visit to lagos. If you know, you know

Typical Nyamiri trash.

By next year, you will be doing river jumping suicide competition on the Muhammadu Buhari Second Niger Bridge built by Mr. Babatunde Raji Fashola.

82 Likes 3 Shares

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by bishopkay: 7:15am On Nov 02, 2022
What did they use the monies they borrowed about to do?

2 Likes

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by propsvilla1: 7:15am On Nov 02, 2022
Nawa
Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by Highways: 7:15am On Nov 02, 2022
Okay... So all those borrowed funds from China was looted, abi?


May APC not happen to us again

1 Like

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by Parachoko: 7:15am On Nov 02, 2022
Fashola the best Minister of Work we don get since 1999, if you know anybody that perform better than him, tell us

24 Likes

Re: FG Owes Contractors Over ₦‎11 Trillion, Says Fashola by StaffofOrayan(m): 7:16am On Nov 02, 2022
Nigeria is finally winding down,
But only the wise/perceptive can see it

3 Likes

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