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FG Terminates Abuja-Kaduna Road Contract with Julius Berger over Non-Performance
Nov 05, 2024•over 1 year ago
Contract Type
contract
Description
The Federal Government has terminated the ₦740bn contract for the rehabilitation of the Abuja-Kaduna dual carriageway with Julius Berger (Nig.) Plc over non-performance. The contract was terminated after the company failed to meet the completion deadline despite receiving approved funds from the Federal Executive Council, causing hardship to road users.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months