The federal government is being owed a whooping sum of N5.2 trillion. The Minister of Finance, Budget and national Planning, Mrs. Zainab Ahmed, disclosed this at the launching of the Project Lighthouse Debt Analytics & Reporting Platform, in Abuja this morning.
“Sequel to the issuance of the Finance Circular, the Ministry through the consolidation efforts of the project, has been able to aggregate monumental debts of approximately N5.2 trillion.
“These debts came to the spotlight from data aggregated from over 5,000+ debtors across ten (10) Ministries, Departments and Agencies (MDAs). Working in collaboration with the Office of the Accountant General of the Federation (OAGF), we have been able to recover the sum of N53.5 billion within the last 12-18 month, through the Government Integrated Financial Management Information System (GIFMIS) as a recovery touch point.
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