Nigerian Indigenous Contractors Protest Unpaid N500bn Debt at Finance Ministry

Indigenous contractors, led by Babatunde Oyeniyi of the Indigenous Contractors Association of Nigeria (ICAN), protested at the Ministry of Finance headquarters in Abuja over unpaid contract fees exceeding N500 billion for federal projects completed by 2024. Despite promises, delays in payments have caused frustration, with contractors demanding immediate settlement to avoid financial setbacks.

The contractors fear being pushed into debt if payments are deferred to the next fiscal year, emphasizing the urgency of resolving the outstanding debts.