WE ARE USING RECOVERED LOOTED FUNDS TO FINANCE 2017 BUDGET – NIGERIAN GOVERNMENT
WE ARE USING RECOVERED LOOTED FUNDS TO FINANCE 2017 BUDGET –
NIGERIAN GOVERNMENT
The Federal Government has stated
that it was using part of the recovered stolen funds to finance the 2017
budget.
President Muhammadu Buhari made this
disclosure at the 22nd Annual Conference of the Association of National
Accountants of Nigeria in Abuja on Tuesday.
The president, who was represented by
the Accountant General of the Federation, Alhaji Idris Ahmed, said the
government had resolved to use some of the recovered stolen funds to finance
the 2017 budget.
Buhari said, “My Administration has
practically done much in delivering on its core focus of diversifying the
economy.
“Part of the stolen funds recovered
is being used by government to finance the 2017 budget.
“Power generation has peaked at an
all-time high of 7,001 Megawatts in the third quarter of 2017.”
Buhari also added that his
administration was aiming at the production of 10,000 Megawatts of electricity
by the year 2020.
Speaking at the conference, ANAN
Chairman of Council, Alhaji Shehu Ladan, pledged the support of the association
to the government’s economic agenda.
Ladan said, “The accountant is key.
We are calling on our members to increase their integrity quotient. As an
association, we are strengthening our discipline mechanism to ensure that
members found wanting do not go unpunished.”