The Senate, yesterday, accused the minister of finance and coordinating minister of the economy, Dr Ngozi Okonjo-Iweala, of failure in implementing the 2014 budget and withholding funds meant for executing capital projects.

The senators made this known during the consideration of the 2015 budget proposals of the various ministries, departments and agencies (MDAs) of government as well as their budget performances for 2014.

The lawmakers, who had earlier met behind closed doors for about two hours, concluded that they have to improve their oversight function to ensure that funds are released by the officials of government as and at when it is due this year and to take appropriate steps against any official who deliberately refuses to release funds to execute projects already approved.

A senator who spoke on the executive session on conditions of anonymity said, “Most of the MDAs could not execute any reasonable capital projects this year because the little money released to them by the finance minister was not enough to pay the contractors who had executed projects for them in the past.”

Also of concern to the senators was the meagre allocation of N387 billion for capital projects in the 2015 budget while the recurrent component was allocated over 90 per cent of the N4.3 trillion budget. At the close of the meeting, the lawmakers resolved that the committees should liaise with the various MDAs to cut down on the recurrent votes in order to make more fund available for projects.

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http://monitor9ja.com/2015/02/senators-accuse-okonjo-iweala-poor-implementation-2014-budget/

Can any of them boast of been able to run the Nigeria economy bunch of fools.

Kwashiokor Budget by Kwashiokor Government= Capital(N387 billion) vs (N4.3 trillion) Recurrent.

Senators accuse her of not bribing them their own share of budget

witchcraft party



Buhari is a terrorist
Apc is boko haram
Thiefnu.bu is a pedophile and a cocain sniffer

Buhari can only be president in sambisa and shekau would hand over to him.