Eko Hot Blog reports that the Senate Committee on Special Duties has summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed.
This medium gathered that the insertion of N206 billion into the 2023 budget of the Ministry of Humanitarian Affairs, Disaster Management and Social Development necessitated the summon.
Chairman of the committee, Yusuf Yusuf, made the summon when the Minister of Humanitarian Affairs, Disaster Management and Social Development, Mrs Sadiya Farouq, appeared before the committee for defence of the ministry’s 2023 budget on Monday.
A member of the committee, Ishaku Abbo, had asked Mrs Farouq about N206 billion in the budget that the minister intended to borrow.
“In 2023, you intend to borrow N206 billion for a project. What are the projects to be implemented and is it captured in the Medium Term Expenditure Framework,” the senator queried.
“If it is, what are the specific projects location and activities attached to this.”
Responding to Abbo, the minister said: “Yes, we made mention of the projects for 2022 which was not released and part of it was part for the North East Development Commission (NEDC).
“The money was not released and now we have seen it recurring by almost 10 folds.
“We are also going to clarify from the ministry of finance to know why this increase in spite of the fact that the previous year, the money was not even released for the project.
“So we will get the details then send to you on that.
“On upscaling of the National Social Safety-Net Project (NSSNP); These projects under the National Social Safety-Net, the Condition Cash Transfer, the updating of the National Social Register and the Rapid Response Register (RRR) are to cushion the effect of inflation.
“This is all I can say for this. I cannot really give full details of how this amount is going to be utilised because it is something that was negotiated between the ministry of finance and world bank.”
Minister of Finance, Zainab Ahmed
Consequently, the panel’s chairman approved the motion to summon the finance minister to appear before the committee to give explanation about the N206 billion because she appeared to be in the best position to give the full details of how the money will be spent.
Click here to watch our video of the week:
USYk Vs Fury all important Rematch USYk inflicted second loss on Fury Fury lost bases…
The President of Epe Club and Member of the Lagos State House of Assembly, Hon.…
Panic erupted on Saturday at a concert in Lagos when the stage collapsed during Odumodublvck’s…