Contractors Urge Tinubu’s Intervention Over Nonpayment for 2024 Projects
Local contractors throughout Nigeria are appealing to President Bola Ahmed Tinubu for urgent assistance regarding alleged nonpayment for federal projects completed in 2024. Many contractors assert that although they have received payment vouchers, they are unable to access the funds due to insufficient cash backing, leaving them in difficult financial situations.
During a press conference in Ilorin on Friday, Mr. Ibrahim Bamisaye, a contractor based in Ibadan, expressed that the prevailing circumstances have left many in dire straits. He reported that they are facing increasing debts, unpaid staff, and halted operations.
“We are continuously servicing the loans and bonds we secured to carry out these projects. Our employees are yet to receive their wages, and supporting our families is becoming increasingly challenging,” he stated.
Contractors attribute the situation to a newly implemented policy by the federal government, which consolidates all contractor payments under the Office of the Accountant General of the Federation (AGF). Although this policy aims to improve accountability, it has led to significant delays in payment processes.
“Previously, when funds were available, agencies could swiftly upload and process payments. With the new centralization, everything has come to a standstill. We are pleading with President Tinubu to intervene,” Bamisaye remarked.
He also stressed that governmental entities should refrain from advertising or awarding contracts unless there is verified funding secured, noting that Nigeria has historically honored its budget commitments.
“If there is a shortage of funds, then project advertisements should not be made. We are nearly at May 2025, yet many projects from 2024 remain unpaid,” he noted.
In spite of the difficulties, Bamisaye acknowledged President Tinubu’s recent efforts in managing Nigeria’s external debt and bolstering foreign reserves. However, he insisted that genuine economic growth must result in tangible benefits for the local population.
“GDP growth is meaningless if it doesn’t translate into real experiences for the people. When contractors get paid, that money circulates within the economy. That is when the populace feels the difference, and that is when the president will truly receive praise,” he commented.
As the government proceeds with implementing significant reforms, the contractors affected are urging the Tinubu administration to give top priority to the disbursement of funds, cautioning that continued delays could undermine the construction industry and obstruct ongoing infrastructure projects.
