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Finance Minister Reacts To Allegation Of Withholding Nigerian Army Funds

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Zainab Ahmed

Nigeria’s Ministry of Finance, Budget and National Planning has denied withholding funds appropriated for the Nigerian Army.

According to the ministry, the funds were released at the right time.

The ministry stated that the sum of N1trn had been released for the Nigerian Army from 2019 till April 2021.

The disclosure was made by the Minister of Finance, Zainab Ahmed during an interactive session with members of the Senate Committee on Army chaired by Senator Ali Ndume.

Ahmed also revealed that apart from funding the budget of the army almost 100 per cent, there had been a lot of instances where the security service went to the president, got special approvals and still got the funds.

Giving a breakdown of the money disbursed to the Nigerian Army between 2019 and April 2021, the Minister said N129.69bn was for capital; N39.76bn, overhead; N681.79bn, personnel and N157.6bn, special releases.

Ahmed added;

 

“So perhaps what we’re providing is not enough, but the fact is we provide what’s budgeted and we provide what’s approved.”

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