Why we inserted N1.7 trillion projects in MDAs budget — Finance Minister

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The Minister of Finance, Zainab Ahmed, has disclosed that N1.7 trillion projects were inserted in the budget of 14 ministries, departments and agencies.

It would be recalled that some agencies during budget defence sessions in the Senate, claimed that projects worth billions were inserted in the budget without their consent.

She explained that in the past, loans were not included in the budget, however, for transparency, the federal government now includes loans in the budget. “To improve transparency and the comprehensiveness of the FGN budget, consistent with global best practice, we decided to fully capture these project tied loans in the FGN budget,” she said.

Ahmed added that N195 billion sources from different multilateral agencies is also domiciled in the budget of the Ministry of Power.

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 /  🏆 11. in MY
 

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NigeriaIsAMess

Free money

The occasional vandalism of this clueless administration lead the country into a mired financial collapse, moral decay, lawlessness, division, lack of leadership and direction.

The so-called cabal have really use this woman to loot Nigeria's treasury

Oh God luk at how dix ppl saying it out 1.7 trillion we poor ppl don't even have 100k, oh Allah look over us

From borrowed money. No repayment plan, sobriety or critical thinking. prodigalleaders on a 200 km/h speed towards Zimbabwe.

I remembered she said redesigning the naira without their consultation will be back with consequences now budget padding is path of the consequences she mention

It's called PADDING and APC introduced it

She know how to give reason this woman na waaaa oh

Free money

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