The Senate Committee on Local and Foreign Debts has frowned at what it described as lopsided payment to local contractors.
He requested for explanation from the Ministry of Finance on the criteria used in carrying out such payment.“Budget defence is an integral part of the budgetary process and works by powers conferred by the Constitution. Responding, the Minister of Finance, Mrs Zainab Ahmed said in the 2018 Appropriation Act, a provision of N15 billion was made under the local debt and the ministry was able to pay about N5.4 billion to date and a total of 15 Ministries Department and Agencies had benefitted from it.
“This repayment plan is dedicated to contractors who have N10 million and below and the total money expected to be disbursed for this category of contractors is about N34 billion. Oniha said out of that, N453.76 was for recurrent expenditure, which formed the bulk of the appropriation. The director pointed out that the 2019 budget proposal was N697.31 million, which was a decrease from the 2018 appropriation.
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