The federal government has approved the payment of outstanding fees to more than 1,240 contractors for various projects executed.
According to a statement on Monday by the Federal Ministry of Finance, the approval covers contractors working with various Ministries, Departments, and Agencies (MDAs).
The statement, signed by the Senior Special Assistant on Communications and Press Secretary to the Minister of Finance, Taiwo Oyedele, Mary-Ann Duke, disclosed that contractors with outstanding payments of less than ₦100 million received priority consideration.
It added that the approvals came after a thorough verification and reconciliation process to confirm outstanding obligations to the contractors.
The move is part of government efforts to address legacy debts, ease cash flow challenges for businesses, and promote greater transparency in government payments.
Details later…
