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Tag Archives: FOCI

Construction companies downsize workforce over projects’ debt

According to ngrguardiannews, fresh facts emerged last week that construction operatives may have started to downsize their workforce due to the inability of the Federal government to offset a debt of N500 billion owed the industry players. The President, Federation of Construction Industry (FOCI), Mr. Solomon Ogunbusola who lamented that the construction industry is in a comatose because Federal government ...

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FG indebted to FOCI members to the tune of N500bn

FOCI

According to the body, Federation of Construction Industry (FOCI), which is the umbrella group for building and civil engineering contractors, sub-contractors, and plant and equipment suppliers, the Federal Government alone is indebted to its members to the tune of N500bn. The Federation of Construction Industry has expressed concern over the high level of indebtedness in the construction industry, saying its ...

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