The Nigerian Senate on Tuesday take bold step by constituting a six-member committee to follow up with the Federal Ministry of Finance concerning the huge debts wey government dey owe local contractors for capital projects wey dem don finish across the country.

Senate President Godswill Akpabio announce the committee during plenary and the members go be led by Senator Sani Musa as chairman, with other senators like Adetokunbo Abiru, Kawu Sumaila and others.The committee get one week to submit their report on how far the FG don try to settle the debts.

This action come after plenty protests by contractors under All Indigenous Contractors Association of Nigeria (AICAN) wey claim say government owe dem around ₦4 trillion for projects wey dem execute under 2024 budget.

Many of these contractors borrow money from banks to do the work but now dem dey face serious problem like loan default, business closure and asset seizure.

Although the government say dem don pay more than ₦2 trillion and release ₦152 billion after verification, the contractors still complain say the payment too slow.

This matter dey affect infrastructure development and the economy because when contractors no get their money on time, e go lead to higher costs and delay for new projects.The Senate move show say dem dey concerned about the situation and want to make sure say the debts dey settled properly.As Nigeria dey still borrow money to fund budget, this unpaid debts issue dey create tension between government and local businesses.

The committee go help facilitate better communication and quick resolution so that contractors fit recover their money and continue to contribute to national development.