Unspent N118b 2017 capital vote consequence of bad fiscal governance — Experts (Guardian)

Unspent N118b 2017 capital vote consequence of bad fiscal governance — Experts (Guardian)

With a list of abandoned and delayed projects scattered all over the country, last month’s return of N118b to the Treasury of the Consolidated Revenue Fund (CRF) of the Federal Government by some of its Ministries, Departments and Agencies (MDAs), has further questioned the Federal Government’s transparency quotient.

This is heightened by the fact that the return only came to light after strident, repeated demands for explanation of capital vote expenditure for 2017 (which is still not ready), and only after the Auditor General of the Federation gave his verdict that poor bookkeeping, profligacy and gross abuse of extant financial regulations still characterised expenditure pattern in fiscal year 2016, Read more

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