Contractors Demand N760bn Payment From Finance Ministry
The All Indigenous Contractors Association of Nigeria (AICAN) has urged the Minister of Finance, Mr Wale Edun, to honour his promise to release N760 billion as the first tranche of payment owed to local contractors.
AICAN President, Mr Jackson Nwosu, made the call during a protest in Abuja on Tuesday. He spoke through the association’s Secretary-General, Mr Babatunde Oyeniyi.
Oyeniyi said the minister gave the assurance during several meetings held after the association suspended its Nov. 6 protest following the intervention of the Senate spokesperson, Sen. Adeyemi Adaramodu.
Nwosu said the minister had pledged to release N760 billion out of the N4 trillion he reportedly said the Federal Government owed the contractors.
“After our protest on Nov. 6, which we suspended because of the Senate’s intervention, we have been in dialogue with the minister of finance on how he is going to pay us.
“But unfortunately, he has failed to honour his promise. He keeps saying he will pay, but nothing is forthcoming. That is why we are here protesting again,” he said.
He added that the ministry appeared to be considering combining their payment with other outstanding funds and postponing disbursement to 2026, which the association does not support.
“Our next line of action is what we are doing now. We will not leave these premises. We will continue every day until we are paid,” Nwosu added.
Also, AICAN Vice President, Mr Fredrick Agada, said he was concerned that the minister had not honoured the commitments made in previous meetings.
“He asked us to compile a list of our members entitled to the payment, which we submitted in hard copy.
“Unfortunately, he later asked us to interface with stakeholders. We asked who these stakeholders are, but he has refused to answer us,” Agada said.
A member of the association’s Media and Publicity Committee, Mr Innocent Asuelimen, said contractors invested heavily in the projects for which government had already taken credit, yet payment remained outstanding.
“All we want is for our money to be released. The first phase of the project was funded 100 per cent, and the government has showcased it to Nigerians.
“We have lost members and veterans. Interest is running every day. Government should pay our money,” he said.
Deputy National President (North Central), Alhaji Abdullahi Yamani, also called for immediate payment, saying the delays were worsening the contractors’ plight. #Contractors Demand N760bn Payment From Finance Ministry#
