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N60b debts: Contractors to lay off 10,000 workers

•Federal Government terminates Abuja-Lokoja road contract Sanya Adejokun, Abuja EVEN with official youth unemployment figures put at 60 per cent, major government contractors handling infrastructure projects across the country are set to lay off about 10,000 workers, due to high level of indebtedness. According to the Minister of Works, Sanusi Daggash, the Federal Government owes the contractors over N60 billion. At a session with the Senate Committee on Works, on overview of the 2010 budget ...
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Added February 17, 2011
from Nigerian Compass