Government Warns Against Unfunded Contracts

The Federal Government has given a serious warning against approving contracts without enough funding. This warning comes as the government faces challenges in carrying out projects. Many of these projects have struggled because they lack financial support.

Wale Edun, the Minister of Finance, Budget and National Planning, said contracts should only be given out when there is clear funding available. He believes this is key to preventing abandoned projects that Nigeria has suffered from for many years.

Edun also mentioned that the government wants to improve transparency and accountability in how public funds are spent. He called on all ministries, departments, and agencies to follow these rules strictly. This will help use public money in a better and more effective way.

The minister spoke during a recent meeting with stakeholders in the construction and procurement sectors. He stressed the need for fiscal responsibility in handling public resources. He encouraged teamwork between the government and private sector to make sure projects are funded, completed on time, and stay within budget.

This warning is part of the government's bigger plan to boost the country's infrastructure and service delivery, which is a big worry for the people. By making sure contracts have the required funding, the government hopes to win back public trust in its ability to keep its promises.