Suggestions




Reps Threaten To Cut Off MDAs Funding

August 19, 2021
by
The Nigeria Ports Authority (NPA), the Nigeria Customs Service (NCS) and three other agencies have been accused of illegal auction of Federal Government properties. 

THE House of Representatives Committee on Finance has threatened that any Ministries, Department and Agencies (MDA) head that fails to appear before the committee will be sanctioned, while the agency will be blocked from getting government funding.

The committee led by Hon. James Faleke, had at the ongoing public hearing on the 2022-2024 Medium-Term Expenditure Framework and Fiscal Strategy Paper, turned back representatives sent by heads of various MDAs insisting that their chief accounting officers must appear in person.

Join our WhatsApp Channel

Faleke dismissed representatives of the Nigeria Maritime Administration and Safety Agency (NIMASA) and Nigeria Civil Aviation Authority (NCAA), among others.

The Committee Chairman said, “Each time we call for Medium-Term Expenditure Framework (MTEF) consideration, it is expected that we look back to what happened in the last three years before going forward. We don’t need to write this down in black and white because you should know you are coming to defend MTEF, the procedure is very straightforward.

“The only difference in this one is that we are looking at capital. So, it is a standard. For all other agencies, we are saying that we are looking at all the projects as submitted that make up your capital projects the way you submitted it to the budget office. The same way you submitted it, you bring it to us.”

+ posts

Kayode Shopekan

Related Posts

PENCOM
Previous Story

PenCom Evaluates Pension Fund Investment In FG Securities

Babangida, His Memoir, And His Critics
Next Story

NMA Congratulates Babangida As He Turns 80

Featured Stories

Related Posts

Latest from News

CPPE Highlights What Must Be Done To Sustain Disinflation In Nigeria

CPPE Welcomes CBN Rate Cut, Flags Potential Limitations

The Centre for the Promotion of Private Enterprise (CPPE) has welcomed the Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) by 50 basis points to 26.5 percent, describing it as a positive signal for growth. In a
Tinubu Approves

Tinubu Targets N40.7tn in Tax Revenue for 2026

President Bola Ahmed Tinubu’s administration is aiming to collect N40.7 trillion in revenue for 2026, Executive Chairman of the National Revenue Service (NRS), Zacch Adedeji, told the House of Representatives on Wednesday. The target covers taxes, petroleum earnings, mineral royalties, and other

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce its workforce by up to 20 percent, following widening annual losses linked to US tariffs and weak demand in China. The cuts will affect around 600 employees, out of the company’s 3,000-strong
PENCOM
Previous Story

PenCom Evaluates Pension Fund Investment In FG Securities

Babangida, His Memoir, And His Critics
Next Story

NMA Congratulates Babangida As He Turns 80

Don't Miss

UAE Introduces 10-Year Golden Visa For Content Creators

UAE Introduces 10-Year Golden Visa For Content Creators

The United Arab Emirates (UAE) has introduced a new initiative
Chevening, Commonwealth

Step By Step Guide On How To Apply For 2023/2024 Chevening Scholarships, Applications Opens September 12

Aspiring students across the globe are gearing up for an