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    LASTMA Introduces Drone Technology to Improve Traffic Management in Lagos

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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

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    South Africa’s CureRoot Leverages AI to Unlock New Medicines from African Medicinal Plants

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    Egypt’s Enza Secures $6.75M to Drive Financial Inclusion in Africa

    Egypt’s Enza Secures $6.75M to Drive Financial Inclusion in Africa

    South African Prop-Tech Startup Preferental Unveils Innovative Tenant-Screening App

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    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

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    Stitch Teams Up with Standard Bank’s Shyft for Instant Wallet Top-Ups in South Africa

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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

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    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

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    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

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    Pick n Pay Set to List Boxer Business in Africa’s Largest IPO of 2024

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    It’s important to set boundaries in entertainment industry – Reminisce

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Power: Senate To Grill Minister Over N147bn Projects

by Eucharia Egwuma
November 3, 2022
in National
Reading Time: 1 min read
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Nigeria To Borrow Another N4.89trn To Fund 2022 Budget
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The Senate Committee on Power has summoned Minister of Finance, Zainab Ahmed, over N147 billion included in the capital project of the Ministry of Power.

The Chairman of the Committee, Senator Gabriel Suswam, who invited the Minister during the budget defence of the Ministry of Power, claimed that the committee could not explain how the funds for the multilateral projects in the power sector were being expended.

Suswam said, “The actual capital budget of the Ministry of power for the 2023 is N44 billion while N147 billion is meant for bilateral and multilateral projects

“We can’t explain how they are expended. You can’t lay your hand on the projects,  and we cannot oversight it. The Ministry of Power does not know about it.

“We are inviting the Minister of Finance to come and explain to us. The money has been put in the budget year in, year out without specifying the purpose.”

The Minister of Power presented a total budget of N250bn on behalf of the ministry.

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