Senate clears finance minister of allegations of budget padding - The Source

ADVERTISEMENT
  • Landing Page
  • Shop
  • Contact
  • Buy JNews
  • Login
The Source
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
The Source
No Result
View All Result
Home News

Senate clears finance minister of allegations of budget padding

The Source by The Source
December 5, 2022
in News
0
Mrs Zainab Shamsuna Ahmed, 2023 budget defence: FG tackling nation's growing inflation trend squarely ― Minister, FG not planning to restructure debt, NAICOM to deepen insurance penetration , Amid outrage, FG justifies N1.4bn vehicle purchase to Niger Republic, FG to train 12,000 civil servants on financial literacy, FG to convene food, FG to convene food meeting, FG uncovered N5.2trn debts, improve revenue generation, Resources put in critical sectors of economy not yielding desired progress ― Finance Minister, Federal Ministry of Finance, Women represent 50 of my team, contempt suit against finance minister, FG explains N6.39trn deficit, Subsidy probe: Reps summon
0
SHARES
38
VIEWS
Share on Facebookshare on whatsappShare on Twitter

[ad_1]

The Senate Committee on Appropriation on Monday gave the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, a clean bill of health on alleged insertions in budgetary provisions of some ministries, departments and agencies (MDAs).

This is as it frowned at the shoddy implementation of the National Social Investment  Programme (NSIP) based on a lack of records of verifiable beneficiaries.

The finance minister got her clearance on alleged series of paddings in the proposed N20.51 trillion 2023 budget from the Senate Committee on Appropriation when she appeared before the committee to make clarifications on the alleged insertions.

She expressed shock to the committee that some heads of agencies feigned ignorance of the sum in their budget during their interface with relevant committees for budget defence.

She explained that money was approved by the Federal Executive Council (FEC), before the budget presentation itself by President Muhammadu Buhari on Friday, October 7, 2022.

“All the proposed budgetary sums like the N206 billion in the Ministry of Humanitarian Affairs, Disaster Management and Social Development, the N8.6 billion in the Ministry of Defence, N195.468 billion in the estimates for the Ministry of Power, were all captured before the presentation by Mr President.

“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.

“The totality of such loans captured in the proposed budget of the relevant agencies is N1.771 trillion.

“Had heads of the affected  MDAs carried out thorough scrutinization of their approved budgetary proposals, the issue of insertion or budget padding wouldn’t have arisen at all.

“In fact after realisation of their mistakes, one of the ministers,  the Minister of Defence, Bashir Magsshi has to apologise after feigning ignorance of N8.6billion in his Ministry’s budget during interface with Senate Committee on Defence,” she said.

Satisfied by her submission, the Chairman of the Committee, Senator Jibrin Barau (APC Kano North), 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 national budget.

Earlier, at an interface with the Senate Ad-hoc committee on the uneven disbursement of N500 billion Development fund by the Development Bank of Nigeria (DBN), the Minister of Humanitarian Affairs, Hajiya Sadiya Umar Farouq, failed to supply the committee with verifiable evidence of beneficiaries of various intervention programmes of the ministry.

She said about 9.8 million pupils nationwide are already benefiting from the school feeding programme at the rate of N100 per meal, aside from beneficiaries of other clusters of the programme.

But the chairman of the Committee, Senator Sani Musa, and other members like Ayo Akinyekure, Uche Ekwunife, and Mathew Urhoghide, told the minister that her presentation and that of the Coordinator of the programme, Dr Umar Bindir, were beautiful on paper but lacked substance.

The implementation of the programme, according to them, is a nullity.

Consequentially, the Committee directed her to furnish it with the names of beneficiaries of different clusters of the programme, their contact address, telephone numbers on the basis of states, local government and wards within the week.

The minister promised the committee that all the information would be provided, but cautioned that the ministry believes in the policy of confidentiality and would not allow the details of the beneficiaries to go public.

ALSO READ FROM NIGERIAN TRIBUNE 

 

[ad_2]

Be the first to read it our next BREAKING NEWS, POLITICS, METRO. Click here to join our WhatsApp group

Previous Post

Effective controls, key to investor protection ― SEC

Next Post

Accord Federal Lawmaker Candidate Dies Weeks After Escaping Assassination Attempt

The Source

The Source

Related Posts

Floods FEC East-West road ,East-West road to gulp over N500 billion, complete East-West road
News

Aduramigba Residents Hail Governor Adeleke’s Road Initiative

by The Source
May 18, 2025
Magic Of Good Governance In Osun State, By Olawale Rasheed
News

Osun: Adeleke’s Spokesperson Accuses Sen. Bashiru of Spreading Fake News

by The Source
May 18, 2025
Olowu of Kuta Inducted into Nigerian Book of Records Hall of Fame for Outstanding National Contributions
News

Olowu of Kuta Inducted into Nigerian Book of Records Hall of Fame for Outstanding National Contributions

by The Source
May 18, 2025
You’re dependable, Durojaye rejoices with Adisa Maruf on his birthday
News

You’re dependable, Durojaye rejoices with Adisa Maruf on his birthday

by The Source
May 18, 2025
Faith, Harmony, and Leadership Take Center Stage at Ijesa North Synod in Iloko
News

Faith, Harmony, and Leadership Take Center Stage at Ijesa North Synod in Iloko

by The Source
May 18, 2025
Next Post
Oyo Accord Reps candidate dies weeks after escaping assassination attempt

Accord Federal Lawmaker Candidate Dies Weeks After Escaping Assassination Attempt

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tags

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke IGP INEC Kaduna Lagos Muslims Naira Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Categories

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tag

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke IGP INEC Kaduna Lagos Muslims Naira Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Recent Posts

  • Aduramigba Residents Hail Governor Adeleke’s Road Initiative
  • Osun: Adeleke’s Spokesperson Accuses Sen. Bashiru of Spreading Fake News
  • Olowu of Kuta Inducted into Nigerian Book of Records Hall of Fame for Outstanding National Contributions

© 2022 The Source Nigeria.

No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament

© 2022 The Source Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In