The Federal Ministry of Finance has approved the settlement of outstanding payments to more than 1,240 contractors working with various Ministries, Departments, and Agencies (MDAs), with priority given to verified claims below ₦100 million.
In a statement issued on Monday, Mary-Ann Duke, Senior Special Assistant on Communication and Press Secretary to the Minister of Finance, said the approvals followed a thorough verification and reconciliation process to confirm legitimate obligations.
The exercise prioritises smaller verified claims under ₦100 million as part of efforts to clear legacy debts, ease cash flow challenges for businesses, and enhance transparency in government payments.
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