“Look For Money To Pay Owed Contractors” – Tinubu To Ministers

Bola Tinubu

President Bola Tinubu has expressed displeasure over the backlog of debt amounting to about ₦1.5 billion owed to federal contractors. He recently had his say via his Special Adviser on Information and Strategy, Bayo Onanuga, and Nigerians have been reacting.

According to Tinubu, he was enraged after learning that about 2,000 contractors are owed, and he demands a one-stop solution to the issue as soon as possible.

He added that Nigerian ministers have been tasked with looking for money to settle every contractor that is being owed at the moment.

His words, “He made it very, very clear he is not happy and wants a one-stop solution.

An important highlight in the course of the FEC meeting is that the President expressed very, very grave displeasure about the fact that contractors are being owed money.

The DG (Director-General) of the Bureau of Public Procurement actually told the President that about 2000 contractors are being owed money and this made the President very, very upset.

So the ministers are going to look into the problem to really find a solution, to find the money to be used in paying the contractors.

All of them are supposed to sit down, develop a plan as a committee, meet as a committee, and then go to the president to tell him the solution they have found in allocating funds to pay contractors.

The mandate is to find the money and fix the problem of paying contractors.

We need to look at problems. What has been causing this problem? Why have we had the FIRS (Federal Inland Revenue Services) saying we are getting more money and so on, yet we are owing contractors? What could be the cause of this thing?

That’s why he set up a multi ministerial committee to look at the problem. He even said that, as a sovereign country, we can go and borrow to pay those contractors. But I think by the time those on the committee meet him today (Wednesday), I think we will find a solution.”

WOW.