House Queries Finance Minister Over Zero Capital Budgets
The House of Representatives conducted a session where Finance Minister Wale Edun and Atiku Bagudu, Chairman of the Nigerian Revenue Service, were queried about the zero capital budgets in the 2025 budget. The session, led by Abubakar Bichi, aimed to probe the non-release of funds for capital projects despite an increase in revenue.
The committee discussed the need for transparency in financial methodologies, with Edun emphasizing the importance of addressing unsustainable practices in managing public funds. The proposed budget for 2025 included a revenue target of N28 trillion, with a request for N1.15 trillion for capital components.
The session turned rowdy as lawmakers expressed dissatisfaction with the financial plans, leading to a plea from Dori Uzoka for colleagues to maintain decorum. The committee adjourned until Thursday at 1:00 PM to summon the Minister of State for Finance for further discussions.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
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