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    Home»News»African News»West African News»Nigeria News»Source funds to prosecute your contract awards – FG charges foreign contractors

    Source funds to prosecute your contract awards – FG charges foreign contractors

    Nigeria News By FRN NewsNov 12, 2014No Comments2 Mins Read
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    coat of arms31From Federal Ministry of Works.

     

    As efforts are intensified to complete all on-going Federal Road Projects across the country, Federal Government called on the leading Construction companies including Julius Berger Plc to look inwards and source funds from their home countries, to complete contract projects awarded them in Nigeria.

     

    While speaking during a courtesy visit by the German ambassador to Nigeria, His Excellency, Mr. Michael Zenner to the Federal Ministry of Works headquarters in Abuja, the Minister of Works, Arc. Mike Onolememen stated that German-Nigeria relationship dated back to over 40 years.

     

    As a result, the Minister implying the strong bond between the two countries noted that construction firms which got contracts from Federal Government of Nigeria should explore financing options in their home countries to deliver on their contracts. He praised the efforts of the German Company in picking up a concession arrangement of the 2nd Niger Bridge under the Public Private Partnership (PPP).

    See also  N359 Fraud: EFCC Arraigns Provost, Four Others At Jos Federal School

     

    The Minister further implored other companies to key into concession arrangement by investing in Nigerian economy. He added that the era of A-B-Z business arrangement should be jettisoned for the era of financing and concession relationship.

     

    Earlier in his speech, the German Ambassador to Nigeria, His Excellency, Mr. Michael Zenner said he arrived in Nigeria about three months ago, stressing that his visit is to show appreciation and to cement the cordial relationship between his country and Nigeria.

     

    The Ambassador therefore, solicited for more collaboration in the area of labour, employment and other infrastructural developments that will engender holistic development in Nigeria through German Companies.

    See also  Chief Dokpesi Faces More Troubles As FG Launches Probe Into Fresh N8bn Fraud Allegation

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    Federal Government of Nigeria Federal Republic of Nigeria Nigeria News Nigerian News
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