By Adeleye Kunle
The Minister of Works and Housing, Mr Babatunde Fashola, said on Wednesday that the federal government is owing contractors handling road and housing projects across the country outstanding liabilities of a whooping N956billion as at September 2022.
Fashola, who spoke at separate 2023 budget defence sessions with the Senate Committees on Works and Housing, also lamented over drastic budget cuts earmarked for the two sectors in the 2023 fiscal year.
Out of the N956billion outstanding liabilities, the federal government is owing contractors handling the National Housing Scheme N191.75billion while the remaining balance of N765billion is owed contractors handling road projects across the country from the total contract value of N10.4trillion
