The Federal Government has sanctioned payments to over 1,240 local contractors as part of an initiative to enhance liquidity within businesses and boost economic activity. This decision was announced by the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, who confirmed that the approval followed a thorough verification process of the contractors' financial obligations. The government's action underscores its commitment to fulfilling verified financial commitments to support local enterprises.
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