Your ministry's budget too high - Senate blasts Finance Minister - Daily Post Nigeria

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 59%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Your ministry’s budget too high – Senate blasts Finance Minister

The Senate Committee on Finance, on Monday queried the Federal Ministry of Finance for high budgetary releases to itself and some of its parastatals.

According to its budget performance report for 2018, the ministry has so far recorded 76 per cent overall performance in terms of fund released in the outgoing fiscal year. This did not go down well with the Chairman, Senate Committee on Finance, Sen. John Enoh, and other members of the committee. For instance, the senators noted that whereas N667 million was released to the ministry for capital projects, only N209 million or 31 per cent had been utilised.

“We prioritised their releases so they had more than eight months, because of payment of corps members’ allowances in case of the NYSC, and feeding of prisoners for the prison service,” she said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

just look at this hypocrites

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:

 /  🏆 11. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

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

Senate scores Finance Ministry F9 in budget releases to FCT in 2018 - Vanguard News NigeriaABUJA—THE Senate, yesterday, scored Ministry of Finance F9, which is West African Examinations Council, WAEC, standard, in budget releases to the Federal Capital Territory, FCT, in 2018.
Source: vanguardngrnews - 🏆 5. / 75 Read more »