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Local contractors demand payment of N760 billion debt

by Achojah Aruegodore
November 4, 2025
in Lead of the Day, National news
0
Local contractors demand payment of N760 billion debt
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The All Indigenous Contractors Association of Nigeria (AICAN) has reiterated its call on the Federal Government to settle outstanding payments for completed 2024 projects valued at more than N760 billion.

AICAN President, Jackson Ifeanyi, expressed frustration over the delayed payments at a protest held by the group on Tuesday in Abuja.

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He cited the severe economic strain the delayed payments had caused members who executed government projects with borrowed funds.

Ifeanyi said, “We are no longer able to endure this unfair treatment, which has left our members heavily indebted and financially crippled.

“We urge the government to prioritise payment for these projects and ensure transparency in contract financing.”

He said that AICAN would continue to embark on nationwide protests if the payments are not made promptly.

The association’s Vice-President, Fredrick Agada, blamed the government of favouring foreign contractors over local firms, saying, “while foreign contractors are cashing out, our members are dying in penury.”

He said the delayed payments have had severe consequences for local contractors, with many facing financial ruin, bankruptcy, and even death.

“AICAN is calling on the government to take immediate action to resolve the issue and ensure that local contractors are treated fairly .

“ The government has promised to settle the outstanding payments, with the Office of the Accountant General of the Federation stating that efforts are underway to pay for contracts duly awarded and completed according to specifications.

“ However, AICAN remains skeptical, citing previous broken promises,’’ Agada said.

A group of lawyers also expressed their solidarity with AICAN in their demand for payment of outstanding contracts.

Aquila Akindo, said the government’s failure to pay contractors is a breach of contract and a violation of their rights.

“ We as lawyers have joined AICAN in calling on the government to settle its debts to contractors.

“ We stand in solidarity with AICAN and demand that the government pays its debts to contractors,’’he said.

In response to the protesters, Director of Sergeant-at-Arms of the National Assembly, retired Brig.-Gen. Etido Ekpo, emphasised the importance of dialogue and negotiations to resolve such issues.

He acknowledged the challenges faced by indigenous contractors and expressed understanding of their frustrations.

Ekpo appealed for calm and promised to invite AICAN representatives to discuss their grievances with relevant authorities.

He reiterated the government’s commitment to supporting local contractors and addressing their concerns through established channels.

 

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