Nigerian Senate rejected N98.5bn FCT supplementary budget due to transparency and detail concerns.
The Nigerian Senate rejected a N98.5bn FCT supplementary budget due to lack of transparency and insufficient details on fund sourcing and allocation. The bill's reintroduction aimed to accommodate additional IGR inflow but was met with resistance due to concerns about previous fund usage and revenue sources. Senate President Akpabio agreed the bill lacked necessary details, and it was postponed until a detailed breakdown is provided.
June 05, 2024
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