Latest stories tagged “public expenditure”
The Human Rights Writers Association of Nigeria (HURIWA) has requested an independent investigation into claims that approximately ₦8.8 trillion in public spending occurred outside Nigeria's official budget framework. The call for inquiry was made in a statement by HURIWA's National Coordinator, Comrade Emmanuel Onwubiko, who characterized the allegations as serious.
The International Monetary Fund (IMF) has reported that the Federal Government of Nigeria did not include public expenditure amounting to approximately N8.8 trillion, or 2% of the country's Gross Domestic Product (GDP), in its recent national budgets. This omission has led to a discrepancy between the reported fiscal deficit and the actual financing requirements of the country, according to the IMF's Resident Representative.