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Thursday, 12 November 2020

Housing Projects: FG Owes 3,504 Contractors N69.9bn


The Federal Government is indebted to 3,504 temporary workers to the tune of N69.9 billion for different lodging ventures executed the nation over, Pastor of Works and Lodging, Babatunde Fashola, has said. 


Fashola states this on Thursday in Abuja, when he showed up before the Public Get together joint panel on Lodging to safeguard his service's 2021 financial plan estimates.He said the amount of N76.4 billion is proposed as capital allotment for the lodging area in the 2021 spending plan. 


He stated: "When you take a gander at our 2021 financial plan, we are nearly on an extremely difficult situation since, in such a case that we have liabilities of N69.9billion, how far will a financial plan of N76.4 billion at that point take us. 


"In any case, let me call attention to that financial plan of N76.4 billion depended on the envelope remedy from the Service of Money, Financial plan and Public Arranging and furthermore the budgetary real factors at the time the spending plan happened and furthermore the cost of oil."
 

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