Federal Government of Nigeria Pays N152bn to Local Contractors for Verified Projects

The Federal Government of Nigeria has paid out N152 billion to local contractors for projects that have been verified. This payment is part of the government's efforts to settle outstanding debts to contractors and ensure the completion of various infrastructure projects across the country.

The disbursement is aimed at boosting economic activities, creating jobs, and enhancing the overall development of Nigeria. The payment is expected to facilitate the timely completion of ongoing projects and stimulate economic growth in the country.

The government's commitment to honoring its financial obligations to contractors is crucial for sustaining infrastructure development and improving the overall business environment in Nigeria.