Nigerian Army Collected N1trn From 2019 to 2021- Finance Ministry

Nigerian Minister of Finance, Zainab Ahmed straightnews
Nigerian Minister of Finance, Zainab Ahmed

The Federal Ministry of Finance, Budget and National Planning has denied withholding funds budgeted for the Nigerian Army.

The Ministry, which stated that the funds were released at the right time, said N1trillion had been released to the Nigerian Army from 2019 to April 2021.

Minister of Finance, Zainab Ahmed stated this during an interactive session with members of the Senate Committee on Army chaired by Senator Ali Ndume.

Ahmed also revealed that apart from funding the budget of the army almost 100 per cent, there had been a lot of instances where the security service went to the President, got special approvals and still got the funds.

Giving a breakdown of the money disbursed to the Nigerian Army from 2019 to April 2021, the Minister said N129.69 billion was for capital; N39.76 billion, overhead; N681.79 billion, personnel and N157.6 billion, special releases.

Ahmed added “So perhaps what we’re providing is not enough, but the fact is we provide what is budgeted and we provide what’s approved.”