Senate scores Finance Ministry F9 in budget releases to FCT in 2018

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By Henry Umoru

ABUJA—THE Senate, yesterday, scored Ministry of Finance F9, which is West African Examinations Council, WAEC, standard, in budget releases to the Federal Capital Territory, FCT, in 2018.

Senate in the assessment gave the ministry 31.9 per cent for the releases from N30.4 billion approved in the budget.

Meanwhile, the Senate has kicked against what it described as yearly drastic reduction in the capital component of budgetary allocations to the territory.

Senate e1553644824794 Senate scores Finance Ministry F9 in budget releases to FCT in 2018
Senate

Speaking, yesterday, in Abuja when Minister of FCT, Muhammed Bello, appeared before the Committee on FCT to defend the 2019 budget, Chairman, Senate Committee on FCT, Senator Dino Melaye (PDP Kogi West), said capital component of FCT’s budget allocations has plummeted over the years from N109 billion in 2008 to N30 billion in 2019

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He said it was even worrisome that of the N30.39 billion approved for capital projects in the 2017…



Source: Vanguard Newspaper