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SGF: No money to execute budget (despite ‘recovered loot’)

SGF Babachir Lawal, has said that the federal government may not fully implement the 2016 budget

Available indications show that Nigerians are yet to hear the last of the 2016 budget after all the attendant hullabaloo associated with it.

The Secretary to the Government of the Federation [SGF], Mr Babachir Lawal, has said that the federal government may not fully implement the 2016 budget.

According to the SGF, this is owing to scarcity of funds, despite claims of huge recoveries from the ongoing anti-corruption war.

Mr Babachir cited a sharp drop in revenue by over 60% as the bane.

The SGF gave the revelations when he appeared before a joint senate committee on ethics, privileges and public petitions and that of appropriation and finance.

He was there to defend his comments in an interview he granted to one of the national dailies that the federal government may not implement constituency projects in the 2016 budget.

He blamed the development on the activities of militants in the Niger Delta region.

He said that the oil benchmark of the federal government has been drastically affected by activities of militants.

He added that currently the country was producing about 800,000 barrels per day.

Some members of the committee insisted that the provision of the constituency allowance would go a long way in providing basic amenities for Nigerians.

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