Home Finance “Federal Government have not recovered N5.15tn debt”- Minister of Finance

“Federal Government have not recovered N5.15tn debt”- Minister of Finance

by Jibson
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According to report reaching oyogist.com, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, indicated on Friday that the Federal Government had not recovered N5.15tn owed to it by third parties.

She reiterated this on Friday at the Executive Intelligence Management Course 14 of the National Institute for Security Studies held in Abuja.

She said the regime of the President, Major General Muhammadu Buhari (retd.), had demonstrated its strong commitment to sustainable development, governance, and security by the allocation of financial resources.

Ahmed said, “The security agencies are prioritized in the allocation of our limited revenues and as an example, about 86 percent of the 2021 Supplementary Budget was dedicated to the capital and recurrent expenditure needs of the security agencies to supplement the allocations in the 2021 Amended Budget.

“Several initiatives to promote good governance are also funded through the Federal Budget supplemented with the assistance of development partners.”

“The second phase of implementation of Project Lighthouse has been approved by the Federal Executive Council and so far, we have been able to aggregate N5.2tn worth of debts owed to Government by third parties, of which N49.7bn of this amount has been recovered,” the minister added.

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