Minister of Works, David Umahi, discloses a staggering N1.5 trillion debt left by the previous administration under President Muhammadu Buhari.
The Ministry establishes six committees, one for each geopolitical zone, to investigate the extensive debt owed to contractors. These committees will assess certified certificates generated before May 29th, 2023, and from that date onwards.
They will also scrutinize approved and unapproved variation of prices and augmentations, making recommendations to the Ministry’s management.
Contractors are encouraged to present their documentation to the committees from Tuesday, December 12th to Friday, December 22nd, 2023, from 9 am to 7 pm at the minister’s Conference Room, 1st floor, Federal Ministry of Works, Headquarters, Mabushi Abuja.
Umahi emphasizing the Ministry’s commitment to road infrastructure development aligned with President Bola Ahmed Tinubu’s Renewed Hope agenda.
He said, “The Ministry has exposed these debts and all reviews in the Ministry to Mr. President’s economic team and also to the Federal Executive Committee on road sector funding.
“It is believed that the internal works through these constituted committees will help them to use external consultants to re-verify the works so that concrete decisions will be made to move the Ministry forward.
“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.”
Ada Peter
