Nigeria, June 8 -- The Federal Government has approved payments to more than 1,240 contractors across various Ministries, Departments and Agencies (MDAs), following a verification and reconciliation exercise aimed at validating outstanding obligations.

This was disclosed in a statement issued on Monday by Mary-Ann Duke, Senior Special Assistant on Communication and Press Secretary to the Minister of Finance.

According to the statement, contractors with verified claims of N100 million or less were given priority in the latest round of payments.

"The Federal Ministry of Finance has approved payments to more than 1,240 contractors, providing immediate liquidity support to businesses across the country and reinforcing the Federal Governmen...