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Nigeria forms committee to address $4.7B in unpaid contractor debts from completed projects.
President Bola Tinubu has formed a seven-member inter-ministerial committee to tackle an estimated N4 trillion in unpaid contractor debts for completed federal projects, following protests and reports of financial collapse among affected businesses.
The committee, including top ministers and officials, is tasked with verifying claims, reconciling records, and recommending sustainable financing solutions.
It held its first meeting and is expected to deliver recommendations soon.
The government emphasized transparency and due process, stating only legitimate claims will be honored.
Related approvals include Nigeria’s Industrial Policy 2025, 200 electric buses, and airport infrastructure upgrades.
Nigeria forma un comité para abordar $4.7B en deudas de contratistas no pagadas de proyectos completados.