Politics

Federal Government still servicing $460million loan for failed Abuja CCTV project

Minister of Finance, Zainab Ahmed

Mrs. Zainab Ahmed, the Minister of Finance, Budget and National Planning, has revealed that the Federal Government is still servicing the $460million loan received for the failed Abuja CCTV project.

“Before this administration, we have collected some loans and the one that strikes me the most is the $460 million for CCTV installation in Abuja. I want to know the position of this loan,” James Faleke, the Chairman of the House Committee on Finance, asked the Finance Minister on Thursday at the defence of the 2020 budget.

In her response, Mrs. Zainab said; “We are servicing the loan; but on the project, we will have to ask the FCT authority because the project was deployed in the FCTA. I have no information on the status of the CCTV project.”

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