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How N424bn error in 2023 budget escaped detection across ministries – Finance Ministry

The Federal Ministry of Finance, Budget and National Planning has indicated that the N424 billion allegedly included in the 2023 budgets of the Ministry of Humanitarian Affairs, Disaster Management and Social Development, Ministry of Defense, and Ministry of Power were the result of tabulation errors.

However, the ministry said that the data were accurate and had been confirmed by all appropriate authorities.

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A statement signed by Yunusa Tanko Abdullahi, Special Adviser, Media and Communications, to the Minister of Finance, Budget, and National Planning, also noted that all the concerned ministries and authorities had the opportunity to detect and remedy the problem, but did not.Information Guide Nigeria

The ministry of finance was responding to allegations of budget padding insinuating that the Finance Ministry inserted the amounts in the budgets of the Ministries of Humanitarian Affairs and Defence, with the Minister of Humanitarian Affairs Sadiya Umar Farouq telling the National Assembly last week that she did not know how the figures entered her ministry’s budget, a statement that alarmed the legislators.NYSC portal

Responding to the insinuations in a statement titled, ‘‘Where The Allegation Goes Wrong In Project NSSNP-SU Budget’’, Abdullahi stated:  ‘‘The story in a national daily alleging budget padding entitled ‘Finance Ministry on the spot over N424bn ‘padding’ is fabricated and misleading, because the said insertions allocated to the said items and sources in the budget proposal is also unfounded.

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Emediong Ekpe

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing.

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