Finance Minister Engages Contractors to Resolve Payments

On May 5, 2026, Finance Minister Mr. Taiwo Oyedele held a high-level meeting in Abuja with representatives from the Indigenous Contractor Association Nigeria to address prolonged disputes regarding outstanding payments owed to local contractors. The minister reaffirmed the Federal Government's commitment to resolving these obligations in a fair, transparent, and structured manner as part of broader efforts to sustain economic reforms and strengthen public confidence.

Discussions focused on clarifying the accounting framework necessary to resolve verified claims while balancing the government's fiscal realities and legitimate obligations. Mr. Oyedele acknowledged contractors' concerns about payment delays and the impact on ongoing fiscal reform projects.

He assured stakeholders that the government would work closely with relevant institutions to reconcile outstanding claims and establish a sustainable payment structure. The meeting included key officials such as Mr. Raymond Omachi, Mr. Moham Sanusi Danjuma, and Mr. Shamseldeen Ogunjimi, who emphasized the importance of local contractors in infrastructure development and economic growth.