FG Confirms ₦152bn Payment to Contractors After Contract Verification

The Federal Government has confirmed the disbursement of ₦152 billion to contractors following the completion of contract verification processes, reaffirming its commitment to due process, transparency and accountability.

In a statement released by the Federal Ministry of Finance (FMF), the government said the payment was made strictly for verified contracts, stressing that all disbursements undergo multiple layers of checks in line with existing laws and regulations.

“This is to confirm that FMF has paid ₦152B to contractors for verified contracts. The process of payment for contracts goes through various verification processes in line with extant laws and regulations, to protect taxpayers’ money and ensure accountability and transparency,” the ministry stated.

While acknowledging the financial strain delays may have caused contractors, the ministry appealed for dialogue and cooperation to resolve outstanding concerns.

“While the Ministry acknowledges the financial strain the delay in payment has caused contractors, we also plead for continuous dialogue and engagement for effective resolution of all conflicts,” it said.

The FMF further assured contractors of its willingness to engage constructively and condemned acts of intimidation directed at its staff.

“FMF assures all contractors of our continuous support and openness to constructive dialogue and urge all contractors to respect the process and the personnel of the FMF, who have had to endure different levels of intimidation and harassment.”

The ministry reiterated its commitment to processing outstanding obligations promptly.

“We will continue to process all payment requests in line with due process in a timely and consistent manner.”