1 Mins
share

by Joy Job: The Senate has Summoned the Minister of Finance Over 147 Billion Naira Project

SENATE SUMMONS MINISTER OF FINANCE OVER 147 BILLION NAIRA PROJECT

In order to foster transparency and accountability in the economic sector of the country, Zainab Ahmed, the Minister of Finance, Budget and National Planning has been summoned by Senate for a clear explanation of over N147 billion for the capital project of the Ministry of Power.

Senator Gabriel Suswam, the chairman of the committee complains that Zainab Ahmed could not give a clear explanation on how the funds meant for multilateral projects in the power sector was expended.
The Senator says the Capital budget of the Ministry of Power for 2023 is N44 billion while N147 billion is meant for bilateral and multilateral projects, therefore inviting the Minister of Finance to come for an explanation on how money has been expended in the budget every year without any specifying purpose.

Other Article

What Does Depreciation in Accounting Mean Understanding The Basics

What Does Depreciation in Accounting Mean? Understanding The Basics

As businesses acquire assets, they depreciate in value over time. Depreciation is an accounting method that allocates the cost of an asset over its useful life. Understanding how to calculate

CBN new Directives: N100,000 Cash Withdrawal per Week kicks in from 9th January, 2023.

The Central Bank of Nigeria (CBN) has reduced the number of cash individuals can withdraw through the Automated Teller Machine (ATM) to a total of N100,000 a week against the

Virtual Assistant What Is It and What Its Role

Virtual Assistant : What Is It and What Its Role?

One of freelance jobs with no skill is virtual assistant. Many people has started to earn side income by doing this job. But do you know what is virtual assistant