Mr. Babatunde Fashola, the Minister of Works and Housing, has said the government is owing contactors.

The ministers said on Thursday that his ministry owed 3,504 contractors handlings its various housing projects, about N69.9bn.

Fashola stated this when he appeared before the joint National Assembly Committee on Housing, to defend his ministry’s 2021 budget estimates.

He, therefore, said the N76.4bn allocated to the ministry in 2021 would be grossly inadequate to execute 186 projects across the country.