President Buhari orders alleged discrepancies in 2016 Budget to be investigated

President Muhammadu Buhari has ordered an investigation into alleged discrepancies in the country’s 2016 budget, ordering that all errors be resolved promptly. Following shortly after the suspension of deliberations around the budget ordered by the National Assembly on Tuesday, the Nigerian government has been on a scramble to try and clean up embarrassing allocations within the document.

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According to Newsmen, a top administration official revealed that both the ministry of finance and the ministry of financial planning were determined to effect necessary changes to the document in order to turn in a clean document to the National Assembly for approval.

News24 previously reported that a state governor, Ayodele Fayose, had urged Buhari to withdraw the budget due to the embarrassment it had already caused the government.

The presidency had more back-peddling to do, with reports indicating that criminal elements within the civil service, referred to as the “budget mafia”, had “smuggled” frivolous allocations into the budget.

It remained unclear what sanctions the government would impose on those found guilty of padding the document. Meanwhile, the government is alleged to have sought assistance from China to finance the country’s budget.

It was also gathered that, officials from the Central Bank of Nigeria as well as the ministry of finance would pay China a visit soon into order to secure a $2bn loan. The loan seeks to make up a record N2.2 trillion deficit within the budget.

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2 Comments

  1. In Nigeria, there are always investigations upon investigations without any outcomes or sanctions!! I can’t see any CHANGE at all!! Political gimmicks!!!

  2. PMB is TOO Bureaucratic. He has good intention, but He is TOO SLOW as Snail.
    No Actions, Only Stories !!!
    No Capital Investment, Only We will… !!!
    No Jobs Creation, Only We Will … !!!
    Nigerian Should be Patience Till When ???
    All These Recovery Money from EFCC are ENOUGH to create 10-millions JOBS.

    PMB, We are in 2016, NOT 1985 !!!

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