The House of Representatives expressed displeasure over the way some Ministries, Departments and Agencies conceal their revenues, thereby denying the federal government the much-needed fund to fund its annual budget.
The Chairman, House Committee on Finance, Hon. James Faleke also condemned the federal government’s plan to borrow N5.62 trillion to finance the 2022 budget, while the MDAs starve the government of funds.
The lawmaker says the House of Representatives would be more interested in how much government agencies could save, saying the major problem facing the country was revenue generation.
He stressed that if the committee discovered that any of the agencies’ capital projects were unnecessary, they would be removed in a bid to get revenue for the country.