FG yet to recover 5.15 trillion Naira debt, says minister

Written by on August 28, 2021

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, indicated on Friday that the Federal Government had not recovered 5.15 trillion Naira owed to it by third parties.

It was reported on March 31, 2021 that Ahmed disclosed that the government had been able to recover 49.7bn out of the N5.2tn debt owed to it by the third parties.

 She reiterated this on Friday at the Executive Intelligence Management Course 14 of the National Institute for Security Studies held in Abuja. 

The minister said the Project Lighthouse was one of the many initiatives the government, through her ministry, had implemented to ensure good governance and security in the country.

 She said the regime of the President General Muhammadu Buhari had demonstrated its strong commitment to sustainable development, governance and security by the allocation of financial resources.

Credit: Punch

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