The Federal Government has confirmed the payment of N152 billion to contractors for verified contracts, as indigenous contractors resumed protests in Abuja over alleged unpaid debts running into trillions of naira.
The confirmation was contained in a statement issued on Thursday by the Federal Ministry of Finance and shared by presidential aide Dada Olusegun on X (formerly Twitter).
The development comes as contractors accuse the government of failing to fully settle obligations for completed capital projects, despite repeated assurances and recent budgetary provisions.
The Federal Ministry of Finance said the N152 billion payment followed due verification processes in line with existing financial regulations. It stressed that payments are only made after thorough checks to ensure accountability and protect public funds.
- “This is to confirm that the FMF has paid N152bn to contractors for verified contracts.”
- “The process of payment for contracts goes through various verification processes in line with extant laws and regulations, to protect taxpayers’ money and ensure accountability and transparency.”
- “While the Ministry acknowledges the financial strain the delay in payment has caused contractors, we also plead for continuous dialogue and engagement for effective resolution of all conflicts,” the statement added.
The ministry maintained that although payment delays have created difficulties for contractors, adherence to due process remains non-negotiable in managing public finances.
