The All Indigenous Contractors Association of Nigeria (AICAN) has vowed to continue its protests until the Federal Government pays its alleged outstanding debt of N4.7 trillion.
On Monday, the contractors were at the premises of the Federal Ministry of Finance to protest the non-payment of the alleged debts, but the association’s president, Jackson Ifeanyi, has warned that they will continue to push for payment of the money.
“Most of our members borrowed heavily from banks and are now losing their properties,” Ifeanyi claimed yesterday, adding: “We will continue to occupy until all verified payments are settled.”
The AICAN boss alleged that the Federal Government issued payment “warrants” which had no cash backing, claiming that they were “dud cheques.”
During Monday’s protest, the contractors claimed that the Federal Government did not release the funds earmarked for them in the 2024 and 2025 budgets.
The protest was the continuation of demonstrations by the contractors over the alleged non-payment og fund for projects executed. In November 2025, they were at the National Assembly and the ministry’s complexes.
According to them, most of the executed and commissioned projects are yet to be paid for.
Last month, President Bola Tinubu set up a committee to liquidate the debt, which was then pegged at N1.5 trillion. However, Ifeanyi accused the government of trying to divert attention from the matter.