FOCI appeals to government on construction debts

President of FOCI, Bldr. Solomon Akinwole Ogunbusola said that over N500 billion is owed by the Federal Government alone. This, he said, has led to loss of jobs within the industry. “We wish to bring to your notice that at present, the construction companies generally are working at 30 percent capacity following the mass retrenchment […]

President of FOCI, Bldr. Solomon Akinwole Ogunbusola said that over N500 billion is owed by the Federal Government alone. This, he said, has led to loss of jobs within the industry. “We wish to bring to your notice that at present, the construction companies generally are working at 30 percent capacity following the mass retrenchment of our workers due to delay/non-payment of certified jobs by various arms of government.
He said that if the situation is not arrested in good time, it could lead to further loss of jobs and eventual collapse of the construction industries, noting that FOCI has contributed in a great measure to the construction of modern Nigeria since FOCI’s incorporation in 1954.  
FOCI is the umbrella organization for building and civil engineering contractors, sub-contractors, and plant and equipment suppliers.  
The President of FOCI also noted that with over 100 registered members of the federation including but not limited to Julius Berger Nigeria Plc, Dantata & Sawoe, Cappa & D’ Alberto Plc, S & M Nigeria Ltd., Setraco Nigeria Ltd., P.W Nigeria Ltd, Gilmor Nigeria Ltd, Zebercel Ltd among others are operating below 40 percent staff strength due to mass retrenchment.