The minister noted that the Federal Government has recovered about N78 billion, and 3 million dollars.
The minister said this on Friday when he appeared on a News Agency of Nigeria Forum in Abuja.
According to him, the amount of money recovered is always being made public.
He said, “What we have recovered and if my record is right is about N78 billion, and 3 million dollars.
“We have been able to block various accounts in which about 9 billion dollar is found but those are not money available to us because we are still in court over them.
“The government spends N165 billion every month to pay federal civil servants, even what has been so far recovered will not even pay 50 per cent of the salaries in a month.’’
Mohammed assured Nigerians that every penny recovered will be judiciously spent and nobody could re-loot what had been recovered under the administration.
The minister further explained that Nigerians should understand that what had been recovered was so little compared to what the people needed on a continuous basis.
On budget release, he recalled that the Federal Ministry of Finance released N400 billion for capital projects, mostly on roads, railway, and power.
“N400 billion seems a lot, but you must also understand that for three or four years contractors were not paid.
“So, when we paid this money to contractors, they also use part of it to settle their own debt, they use part of it to recall laid off staff.
“But the truth of the matter is that many of them have been paid, they are yet to mobilise to site and they cannot do so until the rains are over.
Mohammed said that what the government owed the contractors was about N2 trillion. Click to signup for FREE news updates, latest information and hottest gists everyday
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FOOLISH, EVEN YOUR NAME EXPLAINS YOU, LAI THAT BIS LAIR, YOU PPLE ARE OVER AGED BRAINS, ONLY GOD WILL JUDGE, NIGERIAS ARE PASSED TRU HELL FIRE, BCOS U PPLE GETS UR PAY, NO BODY CARES HOW THE COMMON MAN IS FEEDING, GOD WILL REWARD YOU PPLE ACCORDING. APC IS HELL IN NIGERIA IN DISGUISE.
ReplyDeleteYou are right @anonymous. Apc has missed completely. Honesty my foot. Is he the only one that is honest? Are we all liars? Who is asking you of your honesty. Simply fix the economy on time period. If you are out of ideas resign! Bunch of mediocres.
ReplyDeleteUseless old liar. Shameless fool.
ReplyDeleteHonest people that say they are fighting corruption but are only going after their enemies. What is Amaechi doing as a minister when even CNN revealed he is a thief. Same goes for Tinubu. We started without a first lady, now we have one, not in nomenclature but in practice. Honest people indeed. Animal farm!!
ReplyDeletePls this is an old man you pll should repect him small nah. I know se all of us d sufa d hunger but God no go allow us die. Ejo lets respect our leaders n elders as well. God bless u all.
ReplyDelete