Nigeria: 'FG Owes Construction Firms N500 Billion'

31 May 2015

Construction companies in the country claimed that the federal government is owing them N500 billion. President, Federation of Construction Industry (FOCI), Mr Solomon Ogunbusola, said that the nation's construction sector of the economy was comatose due to the failure of the federal government and some state governments to pay construction firms for projects they have completed.

He noted that as a result of the debts, some of them may soon close business and disengage their employees.

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