FG might not implement 2016 budget fully – Minister says

chika ebuzor

May 27, 2016 6:05 AM

Adeosun told the lawmakers that the implementation of the budget is dependent on the revenue available in the government coffers.

Minister of Finance-Kemi Adeosun.

The minister of finance,

She told the lawmakers that the implementation of the budget is dependent on the revenue available in the government coffers.

The minister said “I cannot promise that every single agency will receive every money appropriated for them. The budget is an estimate and funds will be released based on revenue.”

Adeosun however assured the Reps that every money the government generates will be used judiciously.

The minister said this on Thursday, May 26, 2016, while fielding questions from the lawmakers on the 2016 budget.

She also said there are measures that have been put in place to go through the projects every ministry wants to embark upon, before funds are released.

Speaking on the recovery of the Abacha loot, Adeosun said “These countries, that have enjoyed the benefits of being in custody of the funds, are not in a hurry to return them to Nigeria’s coffers.”

She also assured the lawmakers that the government is looking into the issue of minimum wage.

undefinedthat the Buhari administration inherited an empty treasury.

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chika ebuzor