N8.1bn Presidential villa debt awaiting Buhari

  

The Federal Government Transition Committee headed by Vice-President Sambo said the incoming administration will need N3,647,793,305.76 is needed to fix Infrastructure in the Presidential Villa where facilities are said to be aging.
The committee is expected to submit his reports to the APC's Ahmed Joda led Transition Committee.

The liabilities Includes   contracts/service providers (N1,234,913,628.92), staff claims (N1,238,876,080.16), local  contracts commitments and liabilities, including Julius Berger Nigeria (N6, 946,699, 131.34).

The president approved a sum of  N3,394,168,460.95 for the payment of recurrent/overhead debts and capital debts due to other contractors, consultants and service provider which has not been released by the Ministry of finance,according to reports the President has appeal to the Ngozi Iweala to release N4b to make part payment for the outstanding  N8,185,575,2111.50 debt to “to sustain the existing mutual and cordial relationships with the owed firms. This is still being awaited”.
The reports say the N8.1bn  debt is outside the other cost of expenses on the renovation of the Defence House,  main residence/ president’s office, Aguda House/ Vice President’s office and other guest houses under the transition programme.

 “The primary challenge facing the State House has been the inadequacy of successive budgetary appropriations. The State House annual appropriations do not match its actual activities, thereby leading to regular recourse to additional funding from Intervention Fund from the Federal  Ministry of Finance.

“About 283 of the temporary staff not found eligible for regularisation were with the approval of His Excellency, the President given contract. appointments renewable annually based on performance and fitness.

“ However, payment of their salaries(an average of N8million per month) is from State House overheads provision, which remains a huge challenge to State House.

“The existing infrastructure for mechanical, electrical and associated components have aged and are performing well beyond their design lives.

“The proposal for their replacement/ upgrade has been reviewed and certified by the Bureau of Public Procurement in the total sum of N3,647,793, 305.76. However due to paucity of funds, phased implementation is being adopted for the most vital and critical works, starting with Phase I in the sum of N693, 119,509.55

“Inadequate office space to accommodate staff of the State House and inadequate operational vehicles for the efficient discharge of the activities of the various departments and units of the State House, including shuttle buses within the State House Complex and between the State House and the State House Medical Centre.”