FG Proposes N100bn in 2026 Budget to Clear Debts Owed to Local Contractors
[NigerianEye - Nigeria] - 9/01/2026
The Federal Government has set aside N100 billion in the proposed 2026 Appropriation Bill to pay off outstanding debts owed to indigenous (local) contractors nationwide, as part of measures to address persistent payment delays in the public sector.The allocation, listed under “Payment of Local Contractors’ Debts/Other Liabilities” in the service-wide vote, is aimed at providing much-needed relief to Nigerian-owned companies for work already executed on government projects. Contractors have repeatedly highlighted how delayed payments have affected their cash flow, led to loan defaults, and (…)
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