FG Initiates Committees to Review N1.5tn Debt Owed to Road Contractors

The Federal Government, through the Minister of Works, David Umahi, has established six regional committees tasked with reviewing outstanding debts owed to road contractors. The initiative focuses on assessing unpaid certified certificates generated both before May 29, 2023, and from that date onward.

The announcement was made during an in-house budget defense session with directors in the Ministry of Works in preparation for their presentation to the joint committees of the National Assembly scheduled for today.

According to a statement signed by the Chief Press Secretary to the minister, Uchenna Orji, Minister David Umahi emphasized the need for a comprehensive review of outstanding debts in the road construction sector. During the budget defense, the minister expressed gratitude to those involved in handling the ministry’s budget, acknowledging their commitment to appraising the budget proposal.

Minister Umahi highlighted the critical role of road infrastructure development in Nigeria’s economic growth. He underscored its potential to enhance security, agriculture, trade and investment, as well as health and education. Recognizing road development as a catalyst for national progress, Umahi stressed the significance of directing attention beyond the budgetary allocation for the year 2024.

Acknowledgment to President Bola Tinubu: The minister took the opportunity to thank President Bola Tinubu for the attention given to the Ministry of Works and his approval of concrete pavement in the majority of the 2024 projects. Umahi expressed the ministry’s commitment to advancing road infrastructure development in alignment with the national agenda for renewed hope.

As road infrastructure remains integral to Nigeria’s economic and social development, the comprehensive review aims to streamline financial matters and reinforce the nation’s commitment to robust infrastructure growth. The upcoming presentation to the National Assembly is expected to shed further light on the government’s plans for road development and financial accountability.

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