The Senate Committee on Public Accounts has queried the Nigeria Extractive Industries Transparency Initiative over a N960m personnel cost in the 2022 budget allotted to 43 employees.
While presenting the budget before the committee, Executive Secretary of NEITI, Dr. Orji Ogbonnaya, said N960m was allotted to personnel cost while N760.9 m was allocated for overhead cost. Also, N344m was devoted to capital expenditure, he said.
Explaining further, he said 51 per cent of personnel cost had been spent. He noted that 58 per cent of overhead cost had been expended, revealing that only 50 per cent of capital had been released. But the Chairman of the committee, Mathew Urhoghide, in his response, expressed concerns over the frivolous spending of the agency, claiming that the agency spent 51 per cent of its personnel cost as of November 2022. He said this was the case of over-bloated personnel cost in the agency.
He said, “You have only taken 51 per cent of your personnel cost in November. Your personnel cost is too high; you have only two months, and you have just collected 51 percent of your personnel cost. “This is one case of a personnel budget over-bloated. What we are saying is that it is systemic leakage. We will reduce your personnel cost to less than N500 million.”
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ruling Democratic Party Retains Control Of US Senate After Crucial Victory In Nevada | Sahara ReportersDemocrats retained control of the Senate after a crucial race in Nevada was declared in their favour, cementing the party's midterm election performance that far exceeded expectations. According to the Associated Press, Democratic US Senator Catherine Cortez Masto has defeated Republican challenger Adam Laxalt, a former state attorney general who was endorsed by former President Donald Trump.
Read more »
Mid-term Polls: How Democrats Retained Control Of US SenateDemocrats defied historical trends and defeated several candidates backed by former President Donald Trump to keep control of the Senate, providing enormous
Read more »
N30bn N’Assembly Renovation Project: Senate Threatens to Arrest Contractors – THISDAYLIVE
Read more »
'I feel good', Biden reacts as Democrats retain control of US SenateUS President Joe Biden said Sunday that the Democrats' unexpected midterm election successes sent him into crunch talks with China's Xi...
Read more »
Senate Insists on COREN’s Removal from 2023 Budget – THISDAYLIVE
Read more »
Vandals Destroy Newly Installed Solar Panels in Abuja, Senate Committee Laments – THISDAYLIVE
Read more »