No Money To Fund All Projects in 2016 Budget – Minister

The Minister of Finance, Kemi Adeosun, yesterday, said that due to the paucity of funds, agencies should not expect to get completely what was appropriated in the 2016 budget, as the government would only release funds based on necessity.

The minister also warned heads of ministries, departments and agencies, MDA, in the habit of lobbying for the release of funds to their various sectors to stay away from her office as there was no room for such lobby.

ALSO READ CHAMPIONS LEAGUE FINAL: We Cannot Afford To Concede First – Gareth Bale

Kemi Adeosun
Kemi Adeosun

The minister, who stated this when she appeared on the floor of the House of Representatives at the on-going sectoral debates, said the interest of government was to reduce cost of living and create employments to for 500,000 Nigerians.

In her words: “So what we are now doing is project first. Tell us what you are going to do with the money, give us your milestones. I can’t promise you that every single agency will receive every single Naira in the budget, that will be untrue and that will be a misleading impression.

“However, what I will assure is that there will be no favouritism, there will be no need for anybody to come and lobby in our office for the release of funds. Funds will be released first on priority of projects, MDAs must make request for the capital and we must measure how the capital is spent.” She said.

Previous ArticleNext Article
Daniel Enisan is a content writer at With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

Leave a Reply

Your email address will not be published. Required fields are marked *