Posted 1/8/2024, 12:34:33 AM
National Assembly Allocates Additional N30 Billion for Long-Delayed Building Renovations, Bringing Total Cost to N60 Billion
- Lawmakers budgeted an additional N30bn for renovating the National Assembly complex, bringing the total to N60bn
- The N30bn is part of the record N344.85bn budget allocated to the National Assembly for 2024
- The renovation was originally supposed to be completed by August 2022 but has faced multiple delays
- The construction company has blamed lack of funding and fluctuations in the dollar exchange rate for the delays
- An FCDA official said N19bn has been paid so far to the contractor out of the N30bn contract cost