Bola Tinubu Forms Committee to Address N4 Trillion Debt Owed to Contractors

Former Lagos State Governor and political leader Bola Tinubu has established a 7-man inter-ministerial committee to tackle a massive debt of N4 trillion owed to around 2,000 contractors in Nigeria. The decision was announced by presidential spokesperson Bayo Onanuga after a Federal Executive Council meeting in Abuja.

The committee, comprising key ministries and agencies, aims to verify claims, reconcile records, and recommend sustainable financial solutions to clear the backlog. Tinubu emphasized restoring transparency and credibility in contractor payments while ensuring genuine claims are honored.

The move signifies a proactive approach to addressing long-standing financial challenges in the country.