Federal Gov’t To Settle N1.5trn Debt Owed Highway Contractors — Umahi - The People's Voice

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Friday, January 12, 2024

Federal Gov’t To Settle N1.5trn Debt Owed Highway Contractors — Umahi


By Our Correspondent

The Federal Government has announced its intention to pay off the N1.5 trillion debt owed to contractors responsible for constructing federal highways nationwide.

The Minister of Works, Sen. David Umahi, made this announcement during a meeting with the contractors in Abuja on Thursday.

Umahi, who provided insight into the government’s plans to clear the debts, said that a verification committee had been established to screen contractors’ certificates and recommend payments.

The minister also stressed the importance of contractors being serious in executing government projects.

Umahi assured the contractors that every verification with merit would be paid and mentioned the implementation of an automated payment system.

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