Finance minister clears air on N424bn budget padding

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The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has cleared the air over the N424bn that was said to have been padded by the minister into the 2023 Appropriation Bill.

“Most of these sums are bilateral or multilateral loans captured in the budget of agencies selected for project execution for the sole purpose of transparency.

“Had heads of the affected MDAs carried out thorough scrutinisation of their approved budgetary proposals, the issue of insertion or budget padding wouldn’t have arisen at all, a realisation of which made the Minister of Defence, Bashir Magashi apologise after feigning ignorance of N8.6 billion in his Ministry’s budget during an interface with Senate Committee on Defence,” she said.

She stressed, “And also there’s also a gap of coordination even with the Minister of Finance, Budget and National Planning. We will be taking necessary measures to make sure that going forward these gaps are addressed on our site and also work with the ministers to make sure that the gaps that they have between the Project Implementation units on the CEOs are also bridged.

Satisfied by her submission, the Chairman of the Committee, Senator Jibrin Barau , said the clarifications made by the Minister were well understood by all the committee members and commended her for ensuring transparency with capturing of such loans or grants in the budget.

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