FG spends N64b on foreign trips this year, but only N18b on road construction – Minister of Finance


House of Representatives that the federal government spent N64 billion on foreign trips. The minister, who addressed the lawmakers at plenary on the ongoing sectoral debates on how to diversify the economy, said government was trying to reduce the huge amount of money being spent on foreign trips on government officials.

She revealed that government spent N4 billion yearly on rent, pointing out that they would turn all its agencies that deal on rent to recovery agencies. The minister disclosed that government inherited N60 billion as a result of fertilizer supplied and were not paid for.

Adeosun lamented that while N165 billion were being spent monthly on personnel cost, N18 billion had been spent on road construction thus far. She said in view of the dwindling economy, government had started growing the non-oil sector of the economy, adding that the country could not continue relying on oil proceeds. The minister hinted that over 99.6 percent of what government agencies generate was spent, stressing that what they were doing at the moment was to block unnecessary spending and wastages.



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