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FG Accelerates Contractor Payments, Clears Over 1,240 Claims Below N100 Million

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The Federal Ministry of Finance says it has approved the payment of more than 1,240 contractors across ministries, departments and agencies (MDAs) following a verification and reconciliation exercise on outstanding obligations.

In a statement on Monday, Mary-Ann Duke, Senior Special Assistant on Communication and Press Secretary to the Minister of Finance, said the exercise was carried out to confirm valid claims and streamline payments.

According to her, contractors with verified claims of N100 million and below were given priority in the latest disbursement.

“The Federal Ministry of Finance has approved payments to more than 1,240 contractors, providing immediate liquidity support to businesses across the country and reinforcing the Federal Government’s commitment to meeting its financial obligations,” the statement reads.

The ministry said the payments are aimed at easing financial pressure on indigenous firms, particularly small and medium-scale enterprises (SMEs), enabling them to return to project sites, settle workers’ wages, and pay suppliers.

“Contractors prioritised for payment in the most recent batch are those with verified claims in the region of N100 million or less,” Duke said.

It added that more than N700 billion in verified obligations owed to local contractors has been processed in recent months.

The statement noted that about N436.6 billion was processed in May alone, describing it as a sharp increase in payment activity designed to improve liquidity and support economic recovery.

The ministry said prioritising smaller contractors was intended to widen the reach of payments across sectors and regions while sustaining jobs and ensuring the completion of ongoing projects.

It also said the latest disbursement would strengthen confidence among contractors, suppliers, and service providers working with the government.

In January, aggrieved contractors blocked access to the Ministry of Finance, preventing former Minister of State for Finance, Doris Uzoka-Anite, from entering the premises.

Six months later, the Senate set up a committee to engage the ministry over outstanding contractor debts.

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ZENITHBANKPARTNERSLAWMA,LASWATOCOMMEMORATEWORLDENVIRONMENT DAY 2026 WITH TWO-PHASE LAGOS CLEAN-UP

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on

Inlinewithitscommitmenttoenvironmentalsustainabilityandresponsiblebusinesspractices,
ZenithBankPlchascommemoratedthe2026WorldEnvironmentDaywithatwo-phase
environmental clean-up initiative in LagosState, held under theglobal theme “Inspired by Nature.
For Climate. For Our Future.”
The first phase was a morning clean-upconducted by staff of the Bank on Wednesday,3 June
2026, along Ajose Adeogun Street, Victoria Island, Lagos. The exercise mobilised employees to
clear waste, sensitise residents on proper disposal practices, and reinforce the Bank’s culture of
community service and environmental stewardship.
Thesecondphase,onThursday,4June2026,featuredawaterwaysclean-upattheFalomo
Waterways, Ikoyi, Lagos, executed in collaboration with the Lagos Waste Management Authority
(LAWMA)andtheLagosStateWaterwaysAuthority(LASWA).Thejointeffortfocusedon
removingmarinedebris,promotingcleanerwaterways,andsupportingtheState’sbroader
climate-resilience agenda.
Speakingontheinitiative,DameDr.AdaoraUmeoji,OON,GroupManagingDirector/CEOof
Zenith Bank Plc, said: “At Zenith Bank, sustainability is integral to how we operate. Clearing our
streetsandourwaterwaysisapracticalreminderthatprotectingtheenvironmentisashared
responsibility – and one we are proud to take up alongside LAWMA and LASWA. Through these
exercises, we aretaking deliberate action topreserve our communities,support climate action,
andinspireotherstoact.Ouroperationswillcontinuetoalignwithglobalenvironmental
standards as we build a more sustainable future for Nigeria and Africa.”
ZenithBankremainscommittedtoembeddingEnvironmental,SocialandGovernance(ESG)
principles across its operations, investing in green initiatives, energy efficiency, and community-
focused programmes. These efforts advance the United Nations Sustainable Development Goals
–particularlySDG7(AffordableandCleanEnergy),SDG11(SustainableCitiesand
Communities)andSDG13(ClimateAction).Sustainabilityremainsanoperationalimperative
across the Bank’s Nigerian base and its broader African, UK and European footprints
Continue Reading

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Shettima, Akume Set for Landmark Nigeria–Poland Football Watch Party; Polish Ambassador Praises Preparations — Adeboye

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Preparations have reached an advanced stage for the historic Nigeria–Poland Football Watch Party in Abuja, with the Ambassador of Poland to Nigeria, His Excellency Michal Cygan, inspecting the venue ahead of the event, while Vice President Senator Kashim Shettima, GCON, and Secretary to the Government of the Federation (SGF), Senator George Akume, CON, have officially confirmed their participation.

The landmark event, scheduled for Wednesday, June 3, 2026, at the VIP Lounge of the Moshood Abiola National Stadium, Abuja, is being organized by the Office of the Senior Special Assistant to the President on Grassroots Sports Development, Hon. Adeyinka Anthony Adeboye, in collaboration with the Polish Embassy in Abuja.

During an inspection visit to the venue, Ambassador Cygan met with Hon. Adeboye and members of the organizing committee to assess preparations and inspect facilities ahead of the highly anticipated football viewing experience, which is expected to attract diplomats, government officials, sports stakeholders, youth leaders, football enthusiasts, captains of industry, and members of the international community.

Expressing satisfaction with the level of preparation, the Polish envoy described the venue as a fitting location for an event designed to strengthen friendship and cooperation between Nigeria and Poland.

“I am very happy with the preparation and I truly love the venue. Everything looks ready for a wonderful event,” Ambassador Cygan said.

He noted that the watch party represents more than football, describing it as an opportunity to deepen friendship, cultural exchange, and cooperation between both nations.

“Tomorrow will be about friendship and unity. We are bringing together friends of Poland, members of the diplomatic community, sports stakeholders, and football lovers to celebrate the beautiful game and our growing relationship with Nigeria,” he added.

The ambassador further disclosed that several friends and partners of the Polish Embassy would attend the event, emphasizing the role of sports diplomacy in strengthening international relations and promoting youth engagement.

Adding further significance to the occasion, Vice President Kashim Shettima will attend as Chairman of the Day, while SGF Senator George Akume will serve as the Special Guest of Honour.

Speaking ahead of the event, Hon. Adeboye described their participation as a strong indication of the Federal Government’s commitment to sports development, youth empowerment, national unity, and international partnerships under President Bola Ahmed Tinubu’s Renewed Hope Agenda.

“The confirmation of the Vice President and the SGF clearly demonstrates the importance this administration places on sports—not merely as entertainment, but as a powerful tool for youth empowerment, diplomacy, peace-building, economic opportunities, and national development,” Adeboye said.

According to him, President Tinubu’s vision continues to prioritize young people through initiatives aimed at creating opportunities, promoting inclusion, and strengthening grassroots engagement across the country.

“Mr. President believes strongly in the potential of Nigerian youths and understands the transformative role sports can play in creating jobs, promoting unity, and projecting Nigeria positively on the global stage,” he added.

Adeboye also commended Vice President Shettima for his commitment to youth inclusion and national cohesion, noting that his presence would further inspire young Nigerians and stakeholders within the sports ecosystem.

He similarly praised Senator Akume for his continued support for developmental programmes that positively impact youths and strengthen national integration.

Describing the initiative as more than a football gathering, the SSA said the watch party is designed to serve as a strategic platform for friendship, cultural exchange, youth engagement, and bilateral cooperation.

“Football remains a universal language capable of bringing people together beyond borders, religion, and ethnicity. Through this event, we are strengthening relationships and creating a platform for unity, friendship, and international cooperation,” he said.

The initiative follows recent engagements between the SSA’s office and the Polish Embassy focused on grassroots sports development, youth empowerment, sports exchange programmes, and broader bilateral partnerships between Nigeria and Poland.

Guests are expected to begin arriving at 6:45 p.m., while kickoff for the Nigeria–Poland international friendly match is scheduled for 7:45 p.m.

With the attendance of Vice President Shettima, SGF Akume, senior government officials, diplomats, and key stakeholders now confirmed, anticipation continues to build for what many observers are describing as one of Abuja’s most significant sports diplomacy events of the year.

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Strona dodała nawet Brazylijskich pokerzystów do swojego składu ambasadora, abyś jako pierwszy poznał wszystkie parametry techniczne tego tytułu. Zakłady na ruletkę niestety, możesz użyć tylko osobistego numeru telefonu. Jak zauważyliśmy na początku naszego przewodnika, kupowanie funkcji będzie najprawdopodobniej jedynym sposobem.

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news

FG Accelerates Contractor Payments, Clears Over 1,240 Claims Below N100 Million

Published

on

The Federal Ministry of Finance says it has approved the payment of more than 1,240 contractors across ministries, departments and agencies (MDAs) following a verification and reconciliation exercise on outstanding obligations.

In a statement on Monday, Mary-Ann Duke, Senior Special Assistant on Communication and Press Secretary to the Minister of Finance, said the exercise was carried out to confirm valid claims and streamline payments.

According to her, contractors with verified claims of N100 million and below were given priority in the latest disbursement.

“The Federal Ministry of Finance has approved payments to more than 1,240 contractors, providing immediate liquidity support to businesses across the country and reinforcing the Federal Government’s commitment to meeting its financial obligations,” the statement reads.

The ministry said the payments are aimed at easing financial pressure on indigenous firms, particularly small and medium-scale enterprises (SMEs), enabling them to return to project sites, settle workers’ wages, and pay suppliers.

“Contractors prioritised for payment in the most recent batch are those with verified claims in the region of N100 million or less,” Duke said.

It added that more than N700 billion in verified obligations owed to local contractors has been processed in recent months.

The statement noted that about N436.6 billion was processed in May alone, describing it as a sharp increase in payment activity designed to improve liquidity and support economic recovery.

The ministry said prioritising smaller contractors was intended to widen the reach of payments across sectors and regions while sustaining jobs and ensuring the completion of ongoing projects.

It also said the latest disbursement would strengthen confidence among contractors, suppliers, and service providers working with the government.

In January, aggrieved contractors blocked access to the Ministry of Finance, preventing former Minister of State for Finance, Doris Uzoka-Anite, from entering the premises.

Six months later, the Senate set up a committee to engage the ministry over outstanding contractor debts.

Continue Reading

brand

ZENITHBANKPARTNERSLAWMA,LASWATOCOMMEMORATEWORLDENVIRONMENT DAY 2026 WITH TWO-PHASE LAGOS CLEAN-UP

Published

on

Inlinewithitscommitmenttoenvironmentalsustainabilityandresponsiblebusinesspractices,
ZenithBankPlchascommemoratedthe2026WorldEnvironmentDaywithatwo-phase
environmental clean-up initiative in LagosState, held under theglobal theme “Inspired by Nature.
For Climate. For Our Future.”
The first phase was a morning clean-upconducted by staff of the Bank on Wednesday,3 June
2026, along Ajose Adeogun Street, Victoria Island, Lagos. The exercise mobilised employees to
clear waste, sensitise residents on proper disposal practices, and reinforce the Bank’s culture of
community service and environmental stewardship.
Thesecondphase,onThursday,4June2026,featuredawaterwaysclean-upattheFalomo
Waterways, Ikoyi, Lagos, executed in collaboration with the Lagos Waste Management Authority
(LAWMA)andtheLagosStateWaterwaysAuthority(LASWA).Thejointeffortfocusedon
removingmarinedebris,promotingcleanerwaterways,andsupportingtheState’sbroader
climate-resilience agenda.
Speakingontheinitiative,DameDr.AdaoraUmeoji,OON,GroupManagingDirector/CEOof
Zenith Bank Plc, said: “At Zenith Bank, sustainability is integral to how we operate. Clearing our
streetsandourwaterwaysisapracticalreminderthatprotectingtheenvironmentisashared
responsibility – and one we are proud to take up alongside LAWMA and LASWA. Through these
exercises, we aretaking deliberate action topreserve our communities,support climate action,
andinspireotherstoact.Ouroperationswillcontinuetoalignwithglobalenvironmental
standards as we build a more sustainable future for Nigeria and Africa.”
ZenithBankremainscommittedtoembeddingEnvironmental,SocialandGovernance(ESG)
principles across its operations, investing in green initiatives, energy efficiency, and community-
focused programmes. These efforts advance the United Nations Sustainable Development Goals
–particularlySDG7(AffordableandCleanEnergy),SDG11(SustainableCitiesand
Communities)andSDG13(ClimateAction).Sustainabilityremainsanoperationalimperative
across the Bank’s Nigerian base and its broader African, UK and European footprints
Continue Reading

news

Shettima, Akume Set for Landmark Nigeria–Poland Football Watch Party; Polish Ambassador Praises Preparations — Adeboye

Published

on

Preparations have reached an advanced stage for the historic Nigeria–Poland Football Watch Party in Abuja, with the Ambassador of Poland to Nigeria, His Excellency Michal Cygan, inspecting the venue ahead of the event, while Vice President Senator Kashim Shettima, GCON, and Secretary to the Government of the Federation (SGF), Senator George Akume, CON, have officially confirmed their participation.

The landmark event, scheduled for Wednesday, June 3, 2026, at the VIP Lounge of the Moshood Abiola National Stadium, Abuja, is being organized by the Office of the Senior Special Assistant to the President on Grassroots Sports Development, Hon. Adeyinka Anthony Adeboye, in collaboration with the Polish Embassy in Abuja.

During an inspection visit to the venue, Ambassador Cygan met with Hon. Adeboye and members of the organizing committee to assess preparations and inspect facilities ahead of the highly anticipated football viewing experience, which is expected to attract diplomats, government officials, sports stakeholders, youth leaders, football enthusiasts, captains of industry, and members of the international community.

Expressing satisfaction with the level of preparation, the Polish envoy described the venue as a fitting location for an event designed to strengthen friendship and cooperation between Nigeria and Poland.

“I am very happy with the preparation and I truly love the venue. Everything looks ready for a wonderful event,” Ambassador Cygan said.

He noted that the watch party represents more than football, describing it as an opportunity to deepen friendship, cultural exchange, and cooperation between both nations.

“Tomorrow will be about friendship and unity. We are bringing together friends of Poland, members of the diplomatic community, sports stakeholders, and football lovers to celebrate the beautiful game and our growing relationship with Nigeria,” he added.

The ambassador further disclosed that several friends and partners of the Polish Embassy would attend the event, emphasizing the role of sports diplomacy in strengthening international relations and promoting youth engagement.

Adding further significance to the occasion, Vice President Kashim Shettima will attend as Chairman of the Day, while SGF Senator George Akume will serve as the Special Guest of Honour.

Speaking ahead of the event, Hon. Adeboye described their participation as a strong indication of the Federal Government’s commitment to sports development, youth empowerment, national unity, and international partnerships under President Bola Ahmed Tinubu’s Renewed Hope Agenda.

“The confirmation of the Vice President and the SGF clearly demonstrates the importance this administration places on sports—not merely as entertainment, but as a powerful tool for youth empowerment, diplomacy, peace-building, economic opportunities, and national development,” Adeboye said.

According to him, President Tinubu’s vision continues to prioritize young people through initiatives aimed at creating opportunities, promoting inclusion, and strengthening grassroots engagement across the country.

“Mr. President believes strongly in the potential of Nigerian youths and understands the transformative role sports can play in creating jobs, promoting unity, and projecting Nigeria positively on the global stage,” he added.

Adeboye also commended Vice President Shettima for his commitment to youth inclusion and national cohesion, noting that his presence would further inspire young Nigerians and stakeholders within the sports ecosystem.

He similarly praised Senator Akume for his continued support for developmental programmes that positively impact youths and strengthen national integration.

Describing the initiative as more than a football gathering, the SSA said the watch party is designed to serve as a strategic platform for friendship, cultural exchange, youth engagement, and bilateral cooperation.

“Football remains a universal language capable of bringing people together beyond borders, religion, and ethnicity. Through this event, we are strengthening relationships and creating a platform for unity, friendship, and international cooperation,” he said.

The initiative follows recent engagements between the SSA’s office and the Polish Embassy focused on grassroots sports development, youth empowerment, sports exchange programmes, and broader bilateral partnerships between Nigeria and Poland.

Guests are expected to begin arriving at 6:45 p.m., while kickoff for the Nigeria–Poland international friendly match is scheduled for 7:45 p.m.

With the attendance of Vice President Shettima, SGF Akume, senior government officials, diplomats, and key stakeholders now confirmed, anticipation continues to build for what many observers are describing as one of Abuja’s most significant sports diplomacy events of the year.

Continue Reading

Trending

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