Nigeria: FCTA to Use Bond System for Contract Financing

The FCT Administration (FCTA) has said it is contemplating the use of bond system in contract finance of FCT statutory projects and that all certified bills from contractors will soon be paid.

The FCT Minister, Senator Bala Abdulkadir Mohammed who expresses this in an emergency meeting with the development partners (contractors) at the FCDA conference room, Central Business District, Abuja, called on the contractors handling the projects to brace up.

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