‘No more using contractors as bankers’ — Aisha Yesufu pushes for new law

Socio-political activist, Aisha Yesufu, has advocated for the enactment of a instrumentality that would compel each levels of authorities successful Nigeria to settee contractors’ invoices wrong 30 days of task completion oregon work delivery.

The connection was contained successful a station shared connected Yesufu’s authoritative societal media page, wherever she argued that delayed payments to contractors person continued to impact businesses, infrastructure improvement and occupation instauration crossed the country.

Yesufu suggested that immoderate outstanding outgo beyond 30 days should pull mandatory involvement calculated astatine the prevailing Central Bank of Nigeria Monetary Policy Rate positive an further 5 per cent.

“There is simply a request for a strong, enforceable instrumentality to beryllium enacted that compels each tier of authorities to wage contractors each owed invoices wrong 30 days, with mandatory involvement connected immoderate delayed payment,” she stated.

She argued that galore contractors implicit projects lone to look prolonged delays successful receiving payment, a concern she said has pushed respective businesses into fiscal difficu...