FG Contractors Launch Fresh Protest Over N500bn Debt

Local contractors under the All Indigenous Contractors Association of Nigeria on Tuesday staged a fresh protest at the Federal Ministry of Finance in Abuja, demanding payment of over ₦500 billion owed for completed government projects, accusing the Federal Government of repeated delays and broken promises.

12/3/2025
0 views
2 min read

Listen to this story

AI generated voice

FG Contractors Launch Fresh Protest Over N500bn Debt

Abuja, Dec. 3, 2025 — Hundreds of contractors besieged the Federal Ministry of Finance headquarters in Abuja, blocking entrances and disrupting official activities as they pressed for the settlement of debts exceeding ₦500 billion.

Led by the association’s National Secretary, Babatunde Seun-Oyeniyi, the protesters accused the government of reneging on commitments made during earlier negotiations. They claimed that despite multiple assurances from officials, funds for completed and commissioned projects have not been released.

Contractors carried placards with inscriptions such as “No payment, no peace” and “Fake promises won’t feed our families.” They argued that the prolonged non-payment has crippled their businesses, left workers unpaid, and pushed many into debt.

This latest protest follows earlier demonstrations at the National Assembly and other government offices, where contractors issued ultimatums to the Minister of Finance, Wale Edun, and the Accountant-General of the Federation, Shamsudeen Ogunjimi, demanding immediate action.

The Federal Government has previously acknowledged the debts but cited fiscal constraints and budgetary processes as reasons for delays. However, the contractors insist that the funds were already appropriated in the 2024/2025 budgets and accuse officials of mismanagement.

Security operatives were deployed to the ministry to maintain order, though the protest remained largely peaceful. The contractors vowed to continue demonstrations until payments are made, warning that further disruptions to government activities are inevitable if their demands are ignored.

Analysts say the standoff highlights Nigeria’s broader fiscal challenges, with rising debt obligations and limited revenue affecting the government’s ability to meet contractual commitments. The protests also underscore the economic strain on indigenous contractors, many of whom rely on government projects for survival.


Sources:

#FG contractors#protest#N500bn debt#Ministry of Finance#Abuja#Nigeria economy
Share:
Alexander Ore

About Alexander Ore

Alex is a person of few words but volumes with the pen. Tech enthusiast with a passion for knowledge. When he's not imparting knowledge, he consuming it. PRAD professional with a fondness for the journalistic side of the media. Businessman, Serial Entrepreneur, and Musician

Comments (0)

No comments yet. Be the first to comment!