By Suleiman Anyalewechi
After protracted agitations and protestations respite has finally come the way of financially distraught contractors. The Federal Government has approved the settlement of financial obligations to 1,240 of them.
The Source reports that some protesting contractors had, in January, 2026, barricaded the entrance to the Finance Ministry Headquarters in Abuja preventing workers, including then Minister of State Finance, Dr, Doris Uzoka-Anite from accessing their offices in protest against alleged backlog of unpaid contract sums.
A statement on Monday June 8, 2026 from Mary-Ann Duke, the spokesperson for the Federal Ministry of Finance, informed that the approval was sequel to a verification exercise to authenticate and validate outstanding obligations and claims.
According to the statement, the Ministry in the latest payment schedule paid attention to contractual obligations ranging from N100 million to less.
The Ministry noted that over N700 billion has so far been verified as contractual obligations to local contractors in the last couple of months.
“The Federal Ministry of Finance has approved payments to more than 1,240 contractors, providing immediate liquidity support to businesses across the country and reinforcing the Federal Government’s commitment to meeting its financial obligations.
“Contractors prioritised for payment in the most recent batch are those with verified.claims in the region of N100 million or less”,the Ministry stated.
It emphasized that over N436.6 billion of the financial obligations was processed in May alone thus underscoring the Federal Government’s unflinching commitment towards unlocking liquidity and supporting economic growth.
The Ministry explained that its emphasis on small and medium scale contractors was intentional and geared towards widening the expected impacts of the funds disbursement across multiple sectors and regions.
It also expressed the hope that the policy will assist significantly in boosting business operations, preserve jobs, and complete ongoing projects.
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