Senate uncovers ‘illegal’ firm under Industry ministry - The Nation Nigeria

  • 📰 TheNationNews
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 69%

Business News News

Business Business Latest News,Business Business Headlines

Senate uncovers ‘illegal’ firm under Industry ministry

According to the committee, the ministry proposed to draw over N42 billion for the firm from its vote in this year’s budget.

Trouble started when Industry, Trade & Investment the Minister Okechukwu Enelamah appeared before the committee to defend his ministry’s 2019 Budget. At the end of the presentation, Committee Chairman Senator Sabo Mohammed, referred him to item 2 on page 7 of the booklet which has N42.091 billion budgetary allocation for Nigeria Special Economic Zone Company not known to be one of the 17 agencies under the ministry.

He said: “One of the areas that this government has focused on is infrastructure. The second area is industrialization and the two have something in common.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Senate uncovers ‘illegal’ firm under Industry Ministry - The Nation NigeriaThe Senate Committee on Trade and Investment on Monday uncovered a Special Economic Zone firm allegedly floated illegally by the Ministry of Industry, Trade
Source: TheNationNews - 🏆 6. / 69 Read more »