COUNTDOWN TO MAY 29… 2 DAYS TO GO Defence budget declines in four years by N171.47b, says report:
Ministry incursN26.8b debts
•2,833 troops deployed in Liberia, Sudan, Mali, Lebanon, others
If the report of the Namadi Sambo-chaired Federal Government Transition Committee is anything to go by, the votes allocated to Defence Ministry has been on the decline in the past four years. Managing Editor YUSUF ALLI takes a look at the report.
DESPITE lingering insurgency in three northern states of Adamawa, Borno and Yobe and security challenges in at least 30 states, the defence vote has maintained a steady decline under the President Goodluck Jonathan administartion since 2011.
Out of N445.309 billion allocated to the Defence Ministry in the past five years, about N273.831 billion was actually released as capital and recurrent expenditures.
It was learnt that about N171.478 billion, though earmarked, was not released to the ministry, which also has an outstanding liability of N26, 830,532,161.24,including N2,618,509,462.05 and $20,962.96 incurred on capital and overhead expenditures and N24,212,022,699.19 excess commitment on Peace Support operations.
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