Fg hasnt paid n9bn counterpart funding for abuja light rail contractor
It appears you're referring to a news article or report about the Abuja Light Rail project in Nigeria. Here's a summary of the situation:
The Federal Government of Nigeria (FG) has allegedly failed to pay the contractor handling the Abuja Light Rail project, CCECC Nigeria Limited, the sum of N9 billion (approximately $24 million USD) as counterpart funding.
The Abuja Light Rail project is a 45-kilometer rail line that connects the city center to the Nnamdi Azikiwe International Airport, as well as other major areas of the city. The project was initially expected to be completed in 2018, but it has faced numerous delays and setbacks.
The non-payment of the counterpart funding has reportedly caused significant delays and financial constraints for the contractor, which has impacted the project's progress. The contractor has been unable to access the funds, which are necessary to complete the project.
The situation has raised concerns about the project's future and the potential impact on the economy of Abuja and the surrounding region. The non-payment of the counterpart funding has also led to speculation about the government's commitment to the project and its ability to deliver on its promises.
It's worth noting that the government has not officially commented on the matter, and the exact reasons for the delay in payment are not clear. However, the situation highlights the importance of timely and transparent payment of contractors to ensure the successful completion of infrastructure projects.