Monday, May 26, 2014

Fight against terrorism: Military has received N130b from Jan - April - Okonjo-Iweala

While presenting the 2014 budget signed last week by Pres.
Jonathan to newsmen, the Coordinating Minister of the
Economy and Finance Minister revealed that the Nigerian
military has received N130.7billion from the Federal
Government from January to April 2014 and that another N3.8b
has been approved by the president but was still being
processed and will soon be released to the military.
She revealed this to deny claims by the Nigerian military and
other security agencies that poor funding was undermining
ongoing war against terrorism. Defending the huge amount
being spent in the military, Dr Okonjo-Iweala said;
"Defence spending is top in everything. You know that
military establishments need new things to assist them in
their work, and ours will not be different. No budget will
be enough to meet their demands but for now, I think the
sector takes almost a trillion of the budget.”
"The defence budget in 2014 is about N968.127 billion and
we have disbursed N130.7 billion between January and
April 2014, N85.9billion out of what has been disbursed is
for personnel cost.

No comments:

Post a Comment