Nigerian govt approves debt payment to 1,240 contractors

The Nigerian authorities has yet approved the outgo of debts owed to much than 1,240 contractors.

This was disclosed successful a connection by the spokesperson for the Federal Ministry of Finance, Mary-Ann Duke, on Monday.

In the statement, the authorities announced that it would prioritise the colony of debts beneath N100 million.

The Federal Government explained that the approvals came aft a thorough verification and reconciliation process to corroborate outstanding obligations to the contractors.

This comes aft section contractors protested the non-payment of debts amounting to N4 trillion since 2024.

On respective occasions, contractors barricaded the Ministry of Finance implicit the prolonged hold successful settling the debts.

Nigerian govt approves indebtedness outgo to 1,240 contractors