Govt approves payment to 1,240 contractors, prioritizing debts below ₦100m

The Nigerian government has approved payment to 1,240 contractors, prioritizing debts below ₦100 million. Federal Ministry of Finance spokesperson Mary-Ann Duke announced the approval Monday after a thorough verification and reconciliation process. This follows months of protests from contractors who barricaded the Ministry over N4 trillion in unpaid debts dating back to 2024. The payment threshold suggests small and medium contractors will receive priority relief. Business experts note this could reduce tensions but doesn't address the full debt claims. Contractors should check with their banks for payment processing timelines. Will this payment restore trust in government procurement practices for your business operations?

SOURCE: https://dailypost.ng/2026/06/08/nigerian-govt-approves-debt-payment-to-1240-contractors/