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    Chronicle NG

    National Assembly’s N128b budget shrouded in secrecy – Minister

    Chronicle EditorBy Chronicle EditorApril 16, 2020No Comments2 Mins Read
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    Nigeria Finance Minister, Zainab Ahmed Federation Account
    Nigeria Finance Minister, Zainab Ahmed
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    The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that the N128 billion budget of the National Assembly is shrouded in secrecy.

    The Minister said this in an interview with Kadaria Ahmed on radio, which was monitored by The Eagle Online.

    Ahmed explained that the Ministry is not aware of the recurrent expenditure, capital expenditure and overheads expenditure in the budget of the National Assembly for 2020.

    The Minister said: “The President directed us that we should protect salaries and pensions and we must cut expenditure.

    Speaker Femi Gbajabiamila and Senate President Ahmed Lawan
    Speaker Femi Gbajabiamila and Senate President Ahmed Lawan

    “But we are asked to cut expenditure by 20 per cent and we have reduced the recurrent expenditure from the Ministries, Departments and Agencies by 16 per cent on the capital expenditure side.

    “What we did is to bring out and remove administrative expenditures.

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    “For instance, buying of vehicles, rehabilitation of buildings, building of new offices and so on.

    “As for the budget of the National Assembly, we have had engagement with them and they are supposed to do that rationalisation themselves because we don’t have details of what is the component of salaries, which has been directed that it should be protected, and what component is recurrent and what is in the capital.”

    When she was asked whether it was a constitutional thing for the budget to be shrouded in secrecy, Ahmed said: “It is not constitutional.

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    Former CBN Governor Godwin Emefiele appears in court as an EFCC witness testifies about the alleged $6.23 million withdrawal case in Abuja.

    Emefiele Trial: Witness says alleged $6.2m withdrawal pushed CBN dollar account into negative balance

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