• Advert Rate
Wednesday, July 2, 2025
  • Login
TVC News
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Health
  • Entertainment
  • Show
    • Election 2023
    • Journalist Hangout
    • Issue With Jide
    • Trending Video
  • TVCNews-AI
    • AI TVC News Yoruba
    • AI TVC News Hausa
    • AI TVC News Pidgin
    • AI TVC News Igbo
No Result
View All Result
No Result
View All Result
TVC News
No Result
View All Result

Fed Govt releases N2.5tr from 2016 budget

October 28, 2016
in Latest Nigeria News, Politics News
Fed Govt releases N2.5tr from 2016 budget
Share on FacebookShare on Twitter

The Federal Government has so far released N2.5 trillion from the N6.06 trillion 2016 budget, Minister of Budget and National Planing Udoma Udo Udoma has said.

With Udoma, who was answering questions from the Senate Committee on Appropriation yesterday, was Minister of Finance Mrs. Kemi Adeosun.

Mrs Adeosun said N753 billion was for capital projects; N117 billion went into statutory transfer.

She added that N135 billion was for service wide; N108 billion was for over head; consolidated pensions got N142 billion and personnel,  N1.2 trillion.

In her brief to the committee, Mrs. Adeosun said her ministry had discovered that some revenue generating agencies inflated their expenses just to fritter the funds away.

According to her, the agencies’ books revealed overbloated travel expenses, medical allowances and others that could not be justified.

She told the committee that many of the cases had been referred to the Economic and Financial Crimes Commission (EFCC).

Next Post
NCC mulls cyber security response team

NCC mulls cyber security response team

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

YouTube player
Get Breaking News Alerts on WhatsApp! Subscribe now and never miss an update
ADVERTISEMENT

Headlines

  • Live-Stream
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Entertainment

Shows

  • Issue With Jide
  • Journalist Hangout
  • This Morning
  • TVC Breakfast
  • Today in the news
  • Documentaries

Live TV

  • Windows & Mac
  • iPhone & iPad
  • Android & IOS

App Download

  • Download Android App
  • Download for iOS
  • HOME
  • ADVERT RATE
  • Contact

© 2022 TVC Communications - Owner of TVC News

No Result
View All Result
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Health
  • Entertainment
  • Show
    • Election 2023
    • Journalist Hangout
    • Issue With Jide
    • Trending Video
  • TVCNews-AI
    • AI TVC News Yoruba
    • AI TVC News Hausa
    • AI TVC News Pidgin
    • AI TVC News Igbo

© 2022 TVC Communications - Owner of TVC News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In