Fed Govt raises review panels on N1.5tr works contract debts…
Written by City Radio on December 11, 2023
The Federal Government has set up six committees to verify the authenticity of the N1.5 trillion debt it incurred on road construction across the six geo-political zones.
A committee is assigned to each of the zones to examine outstanding certified certificate debts generated before and after May 29, 2023.
The verification will begin tomorrow and end December 22, according to a statement by Uchenna Orji, Chief Press Secretary to Works Minister Dave Umahi.
Orji explained that the committees were established after a budget defence session between Umahi and the ministry’s directors ahead of their appearance before the National Assembly Joint Committee on Works.
Orji said Umahi reaffirmed his commitment to road infrastructure development in line with President Bola Tinubu‘s Renewed Hope Agenda while defending the ministry’s 2023 and 2024 budgets before the joint committee.
He said the minister expressed worry over the N1.5 trillion debts inherited from the previous administration.
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