Saturday, September 12, 2015

The Real Reason Why Contractors Abandoned Lagos-Ibadan Express Road, 183 Others Has Been Unfolded

Lagos - Ibadan expressway
Over 184 federal road projects have been abandoned by the contractors handling them, due to lack of funding from the Federal Government and the huge debt owed them by the Federal Ministry of Works. 

It is said  that due to the decisions of the contractors to abandon the sites, N1.76trn federal road projects across the country had suffered setback.

The President, Federation of Construction Industry, the umbrella body for construction companies, Mr. Solomon Ogunbusola, said all federal roads that had not been completed had been abandoned, not in protest against the government but because they cannot function without fund. 

The contractors said they were owed over N600bn, adding that although part of the sum was owed by state and local governments, over 80 per cent of the amount was owed by the Federal Government.

5 comments:

  1. That road is very important o this not Good news at all

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  2. Bad governance bin dey worry us before

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  3. Idah it very funny,,what is Mr president waiting for....gej hv done his part,,now its pmb's turn..enough of the excuses n stories..

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  4. All this contractors are criminal, since all this while

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  5. Naija my dear country. Have you heard the New Nigerian National Anthem? Anticipate #PromiseLand.

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