President Bola Tinubu administration has said that the Muhammadu Buhari administration left it with at least N14 trillion worth of road projects totaling about 2,604 and spanning 18,000 kilometers.
This was disclosed by the Minister of Works Dave Umahi while briefing correspondents at the presidential villa in Abuja during the weekend.
He said since assumption of office on August 21, his ministry has already paid N4 trillion of the N14 trillion owed to contractors constructing various road projects nationwide, adding: “Between when we came on board and now, about N4tn has been paid. And so that is a balance of N10tn remaining.”
He noted that while the ministry has identified funding sources to offset N4 trillion of its outstanding debts to contractors, there was still a problem with the N6 trillion balance.
Umahi said some of the road projects which have been delayed for years would be terminated because they were never appropriated for.
He regretted the piecemeal approach to the release of funds for the implementation of federal roads which he said incapacitates contractors.
He said he had urged Tinubu to engage with the National Assembly to priotitise projects.
