The Federal Government says it is taking steps to resolve outstanding payments owed to local contractors. The announcement is made by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, who says the government is initiating a structured approach to clear contractors’ unpaid obligations. Officials also state that the process will be handled fairly and transparently, with the aim of rebuilding business confidence and supporting ongoing economic reforms. Both outlets frame the move as part of efforts to stabilize the operating environment for contractors and related supply chains, which rely on timely payments to sustain production and jobs. While the reports do not provide specific timelines or payment amounts, they emphasize that addressing the debts is expected to improve economic stability. The government’s position is that settling the obligations is necessary to maintain confidence in public procurement and government contracting, and to reduce uncertainty for businesses affected by delays.