Senate panel faults FG's N2.9bn monthly funding for North Central commission, seeks increased allocation
Nigeria, July 15 -- The Senate Committee on the North Central Development Commission (NCDC) has criticised the federal government's monthly release of N2.9 billion to the commission, describing the funding as grossly inadequate compared to its N140 billion budget for the 2026 fiscal year.
Chairman of the committee, Senator Titus Zam, made the remarks on Tuesday after an interactive session with the commission's management, noting that the current funding level would amount to less than half of the commission's approved annual budget if maintained throughout the year.
He said while the allocation was insufficient, it should be viewed as an initial take-off package for the newly established commission.
"Every month, they are given N2.9 ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.