Monday, 2 March 2015

Outrageous! Annual budget equal 20 trillion, not 4.6tn-Rep reveal






The house of representative has alleged that the annual budget is far more than the amount pubicised for the consumption by Nigerians
Reports reaching us say the house has summed up yearly expenditure to the tune of “over N20tn,” contrary to the N4.6tn (2014) or N4.3tn (2015) disclosed to Nigerians as the country’s annual public budget.

The information was told Nigerians by the Public Accounts Committee, after a thorough examination of governments spending in its 601 agencies.
The Chairman of the committee, Mr. Adeola Solomon-Olamilekan, who spoke on the issue, explained that, unknown to Nigerians, the N4.3tn, for example, did not include the expenditure of many “statutory and extra-ministerial departments” of government.
PUNCH

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