FG to fight Corruption with ₦31 billion Naira in 2017

Follow us on Social Media

Social sharing

From Basil Obasi, Abuja

Further to its resolve towards rooting out corruption in the country, the President Muhammadu Buhari led Federal Government has devoted a total of N31.1billion to anti-corruption agencies and anti-graft crusade in the 2017 budget.

The amount represents a whopping 15 percent increase in the allocation to curb the social vice when compared with the N27.7 billion voted for anti-corruption expenditure in the 2016  .

Reviewing the budget document obtained  from the National Assembly, almost all the ministries, departments and agencies of government voted some funds towards the fight against corruption in the 2017 budget.

The core agencies saddled with the responsibility of fighting the menace of corruption include Economic and Financial Crime Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC); the Code of Conduct Bureau (CCB) and the Code of Conduct Tribunal (CCT).

Others are the Nigeria Extractive Industries Transparency Initiatives (NEITI), Public Complaints Commission, Fiscal Responsibility Commission (FRC), Bureau of Public Procurement  (BPP) and the Office of the Auditor General of the Federation.

Among these agencies, the EFCC would receive what appears a lion’s share of N17.2 billion, which represents 55 per cent of the N31.1 billion cumulative allocation to anti-graft agencies. The EFCC voted N7.127 billion for personnel cost, N3 billion for overhead and N7.074 billion for capital expenditure.

READ ALSO  Ukraine Exposes Western Double Standard in Response to Iran and Russia Attacks

Also, the review showed the ICPC got about N5.93 billion; N2.73 billion was allocated to the CCB, while CCT got N1.09 billion.

The analysis also showed the 2017 budget for the Bureau of Public Procurement increased by 5 percent from N1.42 billion in 2016 to a total of N1.49 billion for the upcoming fiscal year.

The NEITI budget decreased from N1.4 billion in 2016 to N1.2 billion in the 2017 budget.

The sum total of the budget for core anti-graft agencies amounts to N30.1 billion while the remaining N0.99 billion represents funds earmarked for anti-corruption initiatives across other ministries, departments and agencies of government in the 2017 budget.

For instance, the Federal Ministry of Power, Works and Housing devoted about N18.2 million to support the President’s war against the bad eggs, while the Niger Delta Ministry proposed to spend N22 million to fight the scourge

Sun

Leave your comment on this post

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

READ ALSO  El-Rufai In Trouble As Lawmakers Set Up Committee To Probe Him

The economic crisis and hardship in Nigeria are parts of the discussion.


Watch, leave your comments, and share to create more awareness on this issue.


#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com

Leave your comment

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel
About 9News Nigeria 13335 Articles
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: info@9newsng.com Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng

1 Comment

Leave a Reply