Abuja – December 11, 2023 – Viewpoint Housing News.
The ministry of works has announced that it inherited a N1.5TRN debt from the immediate past administration of Muhammadu Buhari.
According to a statement released on Sunday by Sen. David Umahi, Minister of Works. The six committees, one for each geographic zone, will examine certified certificates issued before May 29, 2023, and from May 29, 2023, to the present,
In addition, the committees would examine all authorized and unapproved price variations as well as any augmentations that have been allowed or are pending approval, according to a statement signed by his Chief Press Secretary, Orji Uchenna Orji. They would then provide suggestions to the administration of the Ministry.
“The Federal Executive Committee on road sector funding, as well as Mr. President’s economic team, have been made aware of these debts and all Ministry reviews.” It is anticipated that the internal work conducted by these established committees would enable them to employ outside experts to double-check the work in order to make judgements that will really advance the Ministry,” Umahi stated.
The Minister noted the huge debts arising from unpaid certificates inherited from the past administration, which runs up to N1.5tr with expected contract reviews arising from inflation.
He urged contractors owed to approach the committees with all documents to back up their claims from Tuesday 12th 2023 to Friday, 22nd of December 2023 from 9 am to 7 pm at the Minister’s Conference Room, 1st floor, Federal Ministry of Works, Headquarters, Mabushi Abuja.”
Meanwhile, the Minister noted that the road sector needed a different kind of attention beyond the 2024 budget envelope received by the ministry.
“For a developing nation like Nigeria, road sector development is a catalyst for economic development. The road sector has the potential to improve the security sector, agricultural sector, trade and investment, health, education ,and, in fact, every aspect of the development of every nation.”
The Minister thanked President Bola Ahmed Tinubu for the attention given to the ministry and his approval of concrete pavement in most of the 2024 projects.
He stated that the ministry is committed to the development of road infrastructure in line with the Renewed Hope agenda of the President.
