The Minister of Works, David Umahi, says the way Nigeria’s budgetary allocation is designed is not encouraging contractors to complete federal road projects across the country in good time.
Speaking at a press conference held in Abuja on Monday, Umahi said the release of the funds to contractors on an annual basis makes road projects linger for a long time, noting that in most cases, the contractor accesses little funds to purchase necessary materials to carry out their job.
Royaltimes reported that the said delay further gives rise to contract variation as inflation affects the original amount agreed for the project.
Umahi, however, appealed to the National Assembly to release over six hundred and fifty million naira fund it withheld for some projects across the country, which he said are almost completed but lack of funds is still keeping the contractors on site.
Join our twitter community :
