‘Some officials have no business there’ — FG to cut COP29 budget by N10b

  • 📰 thecableng
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

The Presidency has announced its plan to cut down expenditure for the upcoming 29th edition of the conference of parties (COP29).

August 20, 2024 6:59 pmThe presidency has announced plans to cut down the budget for the upcoming 29th edition of the conference of parties .Last year, Nigeria hadat the COP28 in Dubai, United Arab Emirates , making it the country with the highest number of participants from Africa alongside China.

He said the audit revealed unnecessary spending and attendees who “had no business” at the conference.“Many Nigerians would recall that as President Bola Ahmed Tinubu and the Federal Government of Nigeria’s delegation went to COP28 in Dubai, UAE, last year, there were some elements of outcry concerning the size of the delegation,” Ngelale said.

He added that the federal government has implemented several cost-cutting measures for COP29, including the introduction of a climate accountability and transparency portal, the elimination of the showcase pavilion, and a reduction in consultancy and subcontracting fees.“Elimination of showcase pavilion—the government will not purchase a showcase pavilion, which cost nearly $500,000 at COP28.

 

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:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines