FG Will Renegotiate Contracts Awarded Under Jonathan – Fashola

Minister of Power, Works and Housing, Babatunde Fashola, at the weekend ended speculations that the current administration will revoke contracts awarded under former President Goodluck Jonathan.

Fashola spoke in Abuja at the Nigerian Pension Industry Strategy Implementation Roadmap meeting.

The former Lagos governor lamented how successive governments revoked contracts of previous regimes, noting that the practice destroyed investor confidence in an economy.The minister stated that if approved contracts must be touched, the best approach was to renegotiate rather than outright revocation.

“We must not play politics with our economy. Investors want continuity,” he said.

Fashola warned against playing politics with economic survival, as investors want continuity of government policies.