Umahi Vows to Award Contracts Below ₦20 Billion to Local Contractors
Minister Umahi announced that all contracts below ₦20 billion would be awarded to local contractors to promote the "Nigeria First" policy. This decision was disclosed during an inspection visit to a road project in Rivers State.
The federal government aims to prioritize local contractors for projects, emphasizing the utilization of tax credit funding strategies. The Minister highlighted the importance of proper monitoring to ensure quality project delivery by local contractors.
This move signifies a shift towards empowering indigenous contractors and boosting the Nigerian economy through increased local participation in infrastructure development projects.
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