Companies, individuals owe FG N5.2tn - Minister

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The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has revealed that the Federal Government is owed approximately N5.2 trillion in debts.

He stated that the Project Lighthouse initiative has enabled the aggregation of relevant economic and financial information from multiple agencies that hitherto did not share data.

“An important part of our policies and strategies is to leverage big data technology to help block revenue loopholes, recover debts, identify new revenue opportunities, optimize existing revenue streams, especially non-oil revenue as well as improve fiscal transparency,” he stated. The Secretary to the Niger State government, Ibrahim Matane, said that Project Lighthouse is a laudable initiative by the Federal Government as he expressed dismay over the quantum of debts owed by individuals and companies even at the local level.

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Who owns all d hidden bad naira notes we are discovering in d Country?

Mention those individuals name or u go after them. Pls stop complaining here. Everything going on at the ministry of finance u are aware. U deserve probe also.

It's very bad to lead on falsehood

Olodo Minister

Ask FIRS, and all colluding accounting and Audit firms. I know what I'm talking...

Then how much does FG owe the people Pls calculate it and publish

Ehhh, they are your lackeys. Tag the crony big boys and their sponsors in Aso Rock. Vile government.

By the way what the money is used for? Nothing

Una wan cover una matter, see osun state

Give Nigerians a full comprehensive list, don't come and dish out words without proof

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