Nigeria: Breaking - Federal Govt Settles Debts Owed 1,240 Local Contractors
The ministry said verified claims of N100 million or less will be paid first as disbursements aim to restore contractor confidence and keep projects moving.
- The Federal Government announced on Monday it has validated and approved payments to more than 1,240 contractors across various agencies to resolve verified outstanding obligations.
- This initiative follows months of growing concern over unpaid government contracts that previously led to frustrated contractors staging protests at the Ministry of Finance headquarters in Abuja in January.
- Minister of State for Finance Doris Uzoka-Anite stated the current batch prioritizes contractors with verified claims of N100 million or less to support small businesses and safeguard jobs nationwide.
- These disbursements, part of over N700 billion in processed obligations, provide immediate liquidity enabling firms to return to project sites, pay workers, and settle supplier debts.
- The Senate committee, constituted last July to engage the ministry regarding debt backlogs, continues oversight, though the ministry maintains no record of local contractors for the $460m Abuja CCTV Project.
25 Articles
25 Articles
Finance Ministry, contractors clash again over outstanding debt
•We processed N700bn payments to 1,240 local contractors – Ministry •We have not received any money – Contractors By Emma Ujah, Abuja Bureau Chief & Progress Godfrey At the backdrop of a resumption of protests by contractors, the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has said it approved payments to more than 1,240 contractors. According to a statement signed by Efe Ovuakporie, Head Information and Pu…
Federal Government approves payments for 1,240 contractors across ministries and agencies
According to the statement signed by Mary-Ann Duke, the senior special assistant on communication and press secretary to the minister of finance, contractors with verified claims of N100 million or below were given priority in the latest round of disbursement. The post Federal Government approves payments for 1,240 contractors across ministries and agencies appeared first on Premium Times Nigeria.
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