The All Indigenous Contractors Affiliation of Nigeria (AICAN) on Monday resumed its protest in Abuja over an alleged N4 trillion debt owed to its members by the Federal Authorities for accomplished capital initiatives.
Talking with journalists throughout the protest on the Ministry of Finance, AICAN President, Mr Jackson Nwosu, warned that the affiliation is likely to be pressured to take drastic motion if the excellent funds weren’t settled.
Nwosu stated the funds used to execute the 2024 capital initiatives have been largely sourced from industrial banks, inserting contractors underneath extreme monetary strain.
In line with him, solely about 40 per cent of the excellent quantity was paid after the affiliation’s protest in December 2025, including that members wouldn’t vacate the ministry’s premises till the steadiness was launched.
“We’re speaking about over ₦4 trillion in unpaid capital initiatives executed for the Federal Authorities in 2024. These initiatives have been accomplished, but contractors are nonetheless unpaid.
“Our subsequent line of motion is that if they don’t kill us, the economic system of this nation will die,” he stated.
Nwosu defined that many contractors had defaulted on financial institution loans, resulting in the seizure of properties, whereas some members had reportedly died on account of the monetary pressure.
“Most of our members borrowed from banks to execute these initiatives and are actually unable to repay. Some banks have seized their properties, and a few contractors have even died.
“We’re prepared for the worst, however we’ll proceed to be law-abiding and peaceable in our protest till each contractor is paid,” he added.
He accused the Federal Authorities of reneging on agreements reached with the affiliation, noting that AICAN had submitted a listing of contractors who had accomplished their initiatives, but there was no tangible consequence.
Nwosu additionally quoted the Minister of State for Finance, Dr Doris Uzoka-Anite, as promising that warrants can be launched as soon as the checklist of eligible contractors was supplied, however stated no cost had adopted the submission of the checklist.
He additional acknowledged that members had but to obtain any cost alerts, regardless of President Bola Tinubu’s directive to settle the debt.
Additionally talking, the Vice President of the affiliation, Mr Ode Agada, appealed to the Federal Authorities to honour its settlement with the contractors.
Agada stated indigenous contractors had contributed considerably to the nation’s financial development and described their present remedy as unlucky.
“We’ve got contributed to the expansion of the economic system of this nation. We’re indigenous individuals who supported the federal government, but we’re being handled this fashion,” he stated.
He added that though President Tinubu had directed that contractors be paid, related authorities had but to behave on the directive.
Agada additionally referred to as on the worldwide neighborhood to intervene, describing the contractors’ scenario as dire since June 2025.
In a associated improvement, the FCT Chairman of Indigenous Contractors, Mr Adebola Benson, appealed to the FCT Minister, Mr Nyesom Wike, to clear excellent funds owed to contractors within the territory.
Benson stated many FCT contractors additionally relied on financial institution loans to execute initiatives and have been now going through threats of arrest over unpaid money owed.
He urged the minister to low cost allegations that civil servants within the FCT administration executed the contracts.
The Information Company of Nigeria (NAN) studies that, as on the time of submitting this report, representatives of the contractors have been in a gathering with the Minister of State for Finance, Uzoka-Anite.
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