Ngozi Okonjo Iweala Defends N43m Fumigation Budget… Says It Is Within ‘Industry Standards’

Must Read

Nigerian Newspaper Headlines Today: 24th February 2020

Good Morning, welcome to Information Nigeria's Newspaper headlines for today, 24th February 2020. Here are the major headlines. Community Policing is...

‘It Is A Gang Up On People’s Right – Nigerians Reject Hate Speech, Social Media Bills

It is unarguably true that social media is a platform that has given voice to the voiceless and has...

Before We Grant Amnesty To Boko Haram, By ‘Fisayo Soyombo

I’ve been observing with keen interest the National Assembly’s recent efforts to solidify President Muhammadu Buhari’s offer of Nigeria-Delta-like...

Arsenal Defeats Everton In 5 Goals Thriller

Arsenal has defeated Everton 3-2 to move further up on the domestic league table after an evenly contested clash...

I Live In Fear Everyday- Peter Obi Raises Alarm

Peter Obi, the Peoples Democratic Party(PDP) Vice presidential candidate during the last general poll has stated that he constantly...
daniel
Ardent Reader, News Freak, Socio-Political Commentator, Archaeologist & Pro-Democrat.

Despite the widespread condemnation that greeted the planned fumigation of the Ministry with N43 million, the Ministry in a statement on Monday stated that “the proposed annual budget for cleaning and fumigating the premises of the ministry at N43,381,673 is certainly within the parameters of industry standards.”

The statement signed by the Senior Special Assistant to the Coordinating Minister for the Economy and Minister of Finance, Mr Paul C Nwabuikwu, noted that “it is also important to keep in mind that the ministry is facing serious structural and environment challenges which have made these services very necessary” as he seeks to explain the need for the fumigation.

The Ministry has faced a massive outcry following a breakdown of the 2013 budget that revealed that the nation’s treasury will be spending that much on fumigation.

Responding to the backlash, the Ministry claimed it total budget proposal of N5,599,576,180, “represents 0.11% of the entire budget estimates”, while “the budget for the Ministry together with its agencies is N14,759,952,111.”

“This comes to 0.30% of the total budget” it explained, adding that “the provisions made for personnel, overheads, sitting allowances and travels, training and so on are modest and justifiable.”

The statement listed the agencies as Debt Management Office, Budget Office of the Federation, Office of the Accountant-General of the Federation, Investment and Securities Tribunal and the National Insurance Commission.

The statement from the Ministry, urged Nigerians to “keep in mind that the ministry pays for a lot of studies and investigations done for other parts of government in various areas of economic reform, including pensions, public service reforms, housing and mortgage etc.”

“It also hosts experts from within and outside the country in technical sessions and meetings in line with its mandate” Mr Nwabuikwu stated.

The statement concluded that the Ministry under the leadership of Dr Ngozi Okonjo-Iweala is “very conscious of its key role and will continue to lead by example in areas under its mandate.”

“The focus as always is on managing the finances of the country in a manner that protects and enhances the interests of the country” it concluded.

-CHANNELSTV

- Advertisement -
Ad ==> Discover how a young Nigerian graduate now makes a consistent 40k per week doing a legitimate online business. You too can start yours now, click here!!!

1 COMMENT

  1. I honestly don’t get the arguement of this SSA because he has only digressed from the allegatiions and just vomiting rubbish. How come he wants to fummigate and clean for paultry 43million. Haba, this is just so unfair. Let’s bear in mind that it is cleaning and not renovation. God is definitely watching you guys on 3D and shall surely act accordingly. I only pity there generation and unborn grandchildren.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More Articles Like This

- Advertisement -