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Macroeconomy
FG bans MDAs from awarding contracts without cash backing
Nairametrics
Aug 3, 2026 · 15:35 WAT
The Federal Government has tightened controls on the 2026 capital budget, directing Ministries, Departments and Agencies not to award contracts, sign agreements or incur financial obligations without approved expenditure warrants and cash backing. The measure could influence the timing and execution of government-funded projects.