FG clears payments for over 1,240 contractors, prioritises claims under ₦100m

The federal government has approved payments for more than 1,240 contractors working with various ministries, departments and agencies. The approval follows a thorough verification and reconciliation exercise to confirm genuine outstanding debts. Under the new arrangement, contractors with verified claims below ₦100 million will receive priority attention. The move aims to improve cash flow for businesses, settle long-standing obligations and boost confidence in government contracts. The Ministry of Finance says this initiative will help contractors continue operations, support job creation and contribute to economic growth. It reflects the administration’s commitment to financial accountability and prompt payment of verified debts.

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