The defaulting companies and individuals cut across 19 ministries, departments and agencies and have refused to honor their obligations according to the report.
The Minister who disclosed this during a two-day sensitization workshop on Project Lighthouse organized for ICT and account staff in federal ministries also confirmed the debt in question was being owed by over 5,000 companies and individuals.
“The ministry, through the consolidation efforts of the Debt Analytics and Reporting Application, has been able to aggregate monumental debts of approximately N5.2 trillion. These debts came to the spotlight from data aggregated from over 5,000+ debtors across 10 Ministries, Departments, and Agencies (MDAs). The debt aggregation effort is still ongoing”
