The Guardian Nigeria News·4 min read·hard
FG denies operating shadow budgets, spending N8tr outside fiscal plan
O
Oluyemi Ogunseyin
✦AI Summary
Nigeria's Minister of Finance, Taiwo Oyedele, has formally denied allegations by the IMF that the government is operating 'shadow budgets' or spending ₦8 trillion outside of official fiscal plans. The government maintains that all expenditures are constitutional and authorized by the National Assembly.
The Federal Government has denied operating shadow budgets and the International Monetary Funds (IMF)’s claims alleging that approximately two percent of Gross Domestic Product (GDP) amounting to over ₦8 trillion was spent outside the fiscal plan.
politicseconomybusiness
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in