Nigeria's Ministry of Finance: We are not retaining Nigeria's Army budget

 

The Ministry of Finance, Budget and National Planning has denied retaining reserves appropriated for the Nigerian Army. 


The Ministry which expressed that the assets were delivered at the opportune time, said N1trn had been delivered for the Nigerian Army from 2019 till April 2021. 


Minister of Finance, Zainab Ahmed made the divulgence during an intuitive meeting with individuals from the Senate Committee on Army led by Senator Ali Ndume. 


Ahmed likewise uncovered that separated from financing the spending plan of the military right around 100%, there had been a great deal of occurrences where the security administration went to the president, got unique endorsements and still got the assets. 


Giving a breakdown of the cash dispensed to the Nigerian armed force among 2019 and April 2021, the Minister said N129.69bn was for capital; N39.76bn, overhead; N681.79bn, faculty and N157.6bn, extraordinary deliveries. 


Ahmed added; 


"So maybe the thing we're giving isn't sufficient, however the truth of the matter is we give what's planned and we give what's endorsed."

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