Tinubu Orders ₦1.5tn Contractor Debt Settlement in Nigeria, Sets Up Panel

Former Lagos Governor Tinubu directs the settlement of a ₦1.5tn contractor debt in Nigeria, setting up a panel to resolve payment delays. The move follows protests by contractors over unpaid obligations.

The panel will devise a payment strategy and seek sustainable funding solutions. The directive aims to address the backlog of unpaid debts and ensure prompt payments to contractors, impacting the nation's infrastructure development.