FG Owe Road Contractors N300bn

The House of Representatives Committee on Works said on Sunday that debts owed road contractors by the Federal Government still stood at over N300bn.

The committee noted that it was not surprising that many contractors had either abandoned their sites or were slowing down their pace, awaiting funding from the government.

The chairman of the committee, Mr. Toby Okechukwu, who stated this in Abuja, said funding remained the biggest challenge the road sector would face next year.

Okechukwu suggested that the situation called for both the government and the contractors to review their roles in the road projects.

He said, “We are talking about debts on road projects in excess of N300bn. The first challenge will be the funding of road infrastructure. Money owed road contractors should be looked into in terms of what did government owe and how did contractors perform or did not perform?”