FG Clears Over 1,240 Contractors Under N100m Claims
The federal government has cleared over 1,240 contractors with verified claims under N100 million, marking a major step in addressing the government's payment backlog to indigenous construction firms. The clearance follows sustained protests by the All Indigenous Contractors Association of Nigeria (AICAN) over an estimated debt backlog for capital projects executed during recent fiscal years. The Federal Ministry of Finance maintains that payments were only authorised following a rigorous multi-stage verification process to ensure claims were genuine and properly documented. The clearance exercise includes contractors across various sectors including infrastructure development, housing projects,道路 construction, water supply systems, and electricity generation facilities. Minister of State for Finance Dr. Doris Uzoka Anite confirmed the disbursement in a statement issued after sustained protests at the Federal Ministry of Finance headquarters by indigenous firms. The payment aims to address a portion of the estimated […]
