The All Indigenous Contractors Association of Nigeria (AICAN) has pledged to continue demonstrations in Abuja until the Federal Government settles alleged outstanding debts totaling N4.7 trillion.
Speaking on The Morning Brief on Tuesday, AICAN President Jackson Ifeanyi said many members borrowed heavily from banks and are now at risk of losing their properties.
He accused the government of issuing “warrants” with no cash backing, describing them as “dud checks.”
The protest, held at the Federal Ministry of Finance on Monday, followed earlier demonstrations at the National Assembly in November 2025.
Contractors claimed payments for executed and commissioned projects under the 2024/2025 budgets remained unpaid.
President Bola Tinubu had previously set up a committee to address contractor debts, initially estimated at N1.5 trillion.
Ifeanyi criticised the move, alleging it was intended to divert attention, and maintained that the real debt exceeds N4.7 trillion.
Policy analyst Chibuzo Okere attributed the delays to breaches of the 2007 Procurement Act, which required that contract funding be secured before awards are made.
Okere warned that repeated violations of these regulations have worsened the problem.
AICAN said it would maintain its street presence until all verified payments are made.
