Showing posts with label Nigeria; Federation Of Construction Industry; Federal & States Indebtedness. Show all posts
Showing posts with label Nigeria; Federation Of Construction Industry; Federal & States Indebtedness. Show all posts

Thursday, November 05, 2015

Fed Govt, States Owe Contractors N600b


Solomon Ogunbusola

Federation of Construction Industry (FOCI) President Mr. Solomon Ogunbusola yesterday alleged that federal and state governments owed his members over N600 billion. He said the refusal by governments at the two tiers to pay the debts was affecting the construction industry, adding that no payment had been received from the Federal Government since August 2014.

Ogunbusola, who said the Federal Government owed over N300 billion, added that states from the Southeast geopolitical zone were the most indebted. He said the debts were for projects executed and certified by the governments.