₦airaland Forum

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Friday said the Federal Government had paid 70 construction companies the sum of N63.12bn for works done in the first quarter of 2016.

He said the payment had prompted the various firms to move back to their various construction sites, adding that over 5,000 workers sacked by the firms had also been recalled.
Fashola, in his speech at the Nigeria Infrastructure Advisory Forum in London, a copy of which was obtained by our correspondent, told his audience that past governments did not do much with respect to revamping the country’s infrastructure.

He, however, stated that the current administration had decided to change the trend, as it had increased the 2016 budget in order to effectively tackle the inadequate infrastructure in the country.
The minister, who also noted that the Nigerian economy was in recession, expressed optimisicim that the country would come out of the situation.
He said, “From the N4tn average budget in a time of plenty, this administration sets an ambitious N6tn with a 30 per cent capital expenditure. It pays serious attention to its budget as the article of faith that defines its commitment. Since the budget was passed in May, 70 construction companies got paid N63.169bn for the first quarter in Works ministry alone.

“The response is that in the last few weeks since budget was passed, construction companies that had demobilised from their sites and laid off workers due to lack of payment since 2014, are remobilising to rail, road, power and other construction sites, and are re-calling workers.





http://www.nigeriatoday.ng/2016/07/fg-pays-70-construction-companies-n63-12bn-says-fashola/

SAINTSAMURAI:
Please he should stop the diss on past government already. the past government did their best, the past is past now so let us move ahead. By the way is he the minister of housing in abuja and lagos alone or the whole of Nigeria becaus i can see that no housing development in other part of the county.

ReabridCharles:
Zombies no offence oh cos I know say person no need curse ona before ona vex.

I have never been so oblivious of a system before. Almost directionless. We don't even know to what extent the budget would be implemented. Paid of contractors, still the budget no one explains anything.

And if they don't always mention the previous administration, the speech would be incomplete.

Zombie be oh, zombie!
Zombie no go talk unless na GEJ oh!
Zombie oh zombie....

This ministers sometimes only talk when it's foreign delegates. Tell Nigerians na, no way.

Minister of darkness.....

ReabridCharles:
Zombies no offence oh cos I know say person no need curse ona before ona vex.

[s]I have never been so oblivious of a system before. Almost directionless. We don't even know to what extent the budget would be implemented. Paid of contractors, still the budget no one explains anything.

And if they don't always mention the previous administration, the speech would be incomplete.

Zombie be oh, zombie!
Zombie no go talk unless na GEJ oh!
Zombie oh zombie....

This ministers sometimes only talk when it's foreign delegates. Tell Nigerians na, no way.

Minister of darkness.....

SAINTSAMURAI:
Please he should stop the diss on past government already. the past government did their best, the past is past now so let us move ahead. By the way is he the minister of housing in abuja and lagos alone or the whole of Nigeria becaus i can see that no housing development in other part of the county.

sarrki:
He can't build in other part for now

NDA or IPOB will destroy it .

DropShot:

Who did this to you?

Does any intelligent person need to be told that an administration whose capital allocation was only about 10% of the budget didn't do much in the are of infrastructure? Shouldn't any sensible person know that 10% capital and 90% recurrent expenditure will not address any infrastructural problems?

[size=15pt]Wailers and common sense = words and opposite[/s][/size]

SAINTSAMURAI:
really? but if he should take proper step and make it an ambition to start housing and development in other state in the country(south), dnt you think that will calm the hearts of the militants. its simple logic.

aresa:
They did their best for 16 years, but contractors walked off the job because they did not get paid, we still have bad roads, bad everything and we are still in darkness after looting $20 billion...ipobs and crooks go hand in hand..

sarrki:
He can't build in other part for now

NDA or IPOB will destroy it .

DropShot:
[/s]
Who did this to you?

Does any intelligent person need to be told that an administration whose capital allocation was only about 10% of the budget didn't do much in the are of infrastructure? Shouldn't any sensible person know that 10% capital and 90% recurrent expenditure will not address any infrastructural problems?

[size=15pt]Wailers and common sense = words and opposite[/size]

Pavarottii:
U go school at all? please read the rubbish u wrote again.

GEJ build university u no go.
GEJ build Almajiri u no still go.

Ur case has left the hands of God to the Devils.

Pavarottii:
U go school at all? please read the rubbish u wrote again.
GEJ build university u no go. GEJ build Almajiri u no still go.
Ur case has left the hands of God to the Devils.

aresa:
They did their best for 16 years, but contractors walked off the job because they did not get paid, we still have bad roads, bad everything and we are still in darkness after looting $20 billion...ipobs and crooks go hand in hand..