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The Federal Government has dismissed claims that implicit ₦8 trillion was spent extracurricular the 2025 budget, insisting that each nationalist expenditures were made wrong Nigeria’s law and ineligible framework.
In a connection issued on Sunday by Taiwo Oyedele, Minister of Finance, the authorities said reports alleging that astir 2 percent of Nigeria’s Gross Domestic Product, GDP, estimated astatine implicit ₦8 trillion, was spent extracurricular the approved fund were based connected a misrepresentation of the International Monetary Fund’s, IMF, 2026 Article IV Consultation Report.
The ministry maintained that the Federal Government does not run a “shadow budget” oregon walk nationalist funds without legislative approval.
It explained that nether Sections 80 to 83 and 162 of the 1999 Constitution, each nationalist funds tin lone beryllium withdrawn and spent successful accordance with the Constitution and laws passed by the National Assembly. According to the ministry, authorities expenditure is undertaken done duly enacted Appropriation Acts, Supplementary Appropriation Acts and different statutory authorisations.
The ministry added that multi-year superior projects are impleme...
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