The Federation of Construction Industry (FOCI), said on Sunday that the federal government has cleared more than half of the outstanding debts owned to many of its members.

Chairman of FOCI, Nasiru Dantata, who made this known in an interview with the News Agency of Nigeria (NAN) in Abuja, said that the federal government had paid more than half of the money owed its members.

Speaking on the sidelines of the 62nd Annual General Meeting of the Federation, Mr Dantata said that the federal government did not just stop at payment for past contracts but was also awarding new contracts.

According to him, FOCI had moved on from the bad situation it found itself.

“Actually for now the situation is different, most of our members have gotten a substantial amount of their outstanding debts paid and also many of our members are being patronized by the current administration on new jobs.

“I do not have the accurate figure because not all construction companies are members of FOCI, but from the over N300 billion we presented to this administration, I believe more than half have been paid.

“Our members are now busy working on many projects.

“Some of the jobs are quite big, like the 375km Abuja-Kano road. So we are hopeful this will continue.

In 2015, FOCI disclosed that the government owed its members over N500 billion, claiming that one company alone was owed N70 billion.

https://www.premiumtimesng.com/news/more-news/275428-half-n300bn-owed-construction-firms-by-nigerian-govt-have-been-paid-contractor.html

The Federation of Construction Industry (FOCI), said on Sunday that the federal government has cleared more than half of the outstanding debts owned to many of its members.
In 2015, FOCI disclosed that the government owed its members over N500 billion, claiming that one company alone was owed N70 billion.


This is massive.
They shared all these monies among themselves.
They keep oppressing the masses.
It's appaling why the brainless youths still support these evils that are out to destroy their lives.

Debts from 2015?

Sai Baba is working

Wailers are wailing

gosh what did jonathan led govt do with oil boom money and still left huge debt for the sucessive govt

I cant imagine the kind of economic disaster that will befall nigeria if jonathan continue as president .how can you supervised the raping of nigerias fortune under your watch.
His govt made 51 trillions out of all time 96 trillions nigeria made as at 2015.
Yet you still owed contractors almost half a triliion naira.
Where re all these projects that was paid for during oil boom.
Jonathan planted the seed of recession watered it and gave it to buhari govt.

U will not see wailers here,just write about evil happening in nigeria,they will fly in like wizards and witches.APC and PDP will go,Nigeria will remain.

Sai Buhari!

Sai Baba!!!

post=69197208:
This is massive

WAHT A HUGE RELEIF.

Wailers will avoid here like a plague

the useless pigs are looking for fulani thread. GOD BLESS BUHARI

9jaArea:
Wailers will avoid here like a plague

Wailers are useless and hopeless. Majority of them are born to wail and hate....

Where is salamrushdie and his fellow lovers of corruption. What have to got to say about this??...

Mynd44 Lalasticlala come before the pigs arrive.

Association of wailers, you can see that this did not come from Lai Mohamed, so what do you have to say?

anibirelawal:



WAHT A HUGE RELEIF.

A very huge one bro.

Wailers should stop avoiding threads like this. Abi dem take bad news swear for una? News of herdsmen killings has been scarce lately and some of you have been sad ever since. If una attempt to kill anybody and lie against herdsmen, security forces will gun you guys down before asking questions.