Senate Worried over Low Release of 2018 Budget to MDAs - THISDAYLIVE via thisdaylive
The Senate Thursday expressed deep concern over the low release of the 2018 Appropriation to Ministries, Departments and Agencies , saying some of the MDAs received as little as 10 per cent of the approved allocation during the period under review.
“Releases to some agencies are hovering between 40 and 45 per cent. So, the 2018 budget implementation, in our opinion is not very encouraging and capital releases are what really ginger the economy.” Nigerians, he explained, are not feeling the impact of government because of the failure of the executive to adequately fund the budget.
The Minister of Mines and Steel Development, Hon. Bawa Abubakar, made this known Thursday when he appeared before the Senate Committee on Power, Steel Development and Metallurgy to defend his ministry’s 2019 budget.
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