Contractors Block Finance Ministry Over Long-Standing Debts

By SANI BATURE

THE All Indigenous Contractors Association of Nigeria (AICAN) on Monday renewed protests over unpaid government contracts valued at more than ₦4 trillion, accusing the Federal Government of diverting the funds to finance political activities ahead of elections.

The protesters blocked access to the Federal Ministry of Finance, demanding the immediate release of payment warrants for completed capital projects.

AICAN National President, Jackson Ifeanyi Nwosu, said the association had exhausted all formal channels before resorting to protest.

He said assurances given by the Minister of State for Finance, Dr. Doris Uzoka-Anite, regarding the release of warrants had not been honoured.

“We were told to submit our lists, which we did. But till today, no warrants have been approved,” Nwosu said.

He also dismissed claims by Finance Minister Wale Edun that most outstanding debts had been settled.

“Only a fraction has been paid. Payments stopped around May, and nothing has come since then,” he said.

According to Nwosu, only about ₦230 billion had been released, covering obligations up to February.

“There are over 200 capital projects. Many have been completed and remain unpaid,” he added.

He said the prolonged delay had pushed many contractors into financial distress.

“Banks have taken over properties. Contractors are collapsing under debt,” he said.

Nwosu accused the government of deliberately withholding payments for political reasons.

“The President knows what is happening. Contractors’ funds are being used for re-election,” he alleged.

He warned that continued neglect of indigenous contractors could further weaken the economy.

The association vowed to remain on the streets until the government addressed their demands, insisting that their protest would remain peaceful and lawful.