The Federal Government has assured contractors of continuous funding for road infrastructure projects under the Nigerian National Petroleum Corporation Limited (NNPCL) Tax Credit Scheme.

The Minister of Works, David Umahi, made the disclosure at a meeting with affected contractors at the Ministry’s headquarters in Abuja.

The Works Minister explained that the President has approved that funding of NNPCL projects from 1st August 2025 will continue on a new sustainable funding mechanism, and that all such projects must continue.

Umahi further assured contractors, particularly those working on concession-bound roads, that before such projects are handed over to prospective concessionaires, who have proof of funds and capacity to perform, all debts and outstanding entitlements to such contractors will be fully paid for.

While directing the contractors to return to the site, he advised them to submit updated and accurate project documentation within seven days to avoid delays in execution.

Umahi while stating that the Ministry is engaging with NNPCL to clear all outstanding verified certificates earned before 1st August 2025, he however emphasised the need for accurate reconciliation of certified amounts with payments received, including VAT, other taxes, and 5% retention fee.

To ensure proper oversight and accountability, Umahi constituted a committee with representation from the Directors of Highways, Construction and Rehabilitation (C&R), Highways, Bridges and Design, Press and Public Relations, and Public Procurement to collate and verify all necessary information within the stipulated deadline.