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Federal Government allegedly released over N1trillion to the Nigerian Army in 2 years – Finance Minister

Chief of Army Staff, Maj Gen I Attahiru

The Federal Government has stated that a total sum of N1.008.47trillion was released to the Nigerian Army between January 2019 and April 2021.

This was revealed by the Minister of Finance, Budget and National Planning, Zainab Ahmed, when she appeared before the Senate Committee on Army.

The Senate had summoned the finance minister following complaints by the Nigerian Army that it had outstanding N50billion to receive from the ministry.

However, the Finance Minister stated that the Army has received even more that the budgetary provision in the period under review.

“In 2019 what was budgeted for the Nigerian Army was N19.6bn and N12.84bn was released representing 64.37 per cent.

“In 2020, the total capital budget for the Nigerian Army was N34.37bn and this amount was released 100 per cent.

“In 2021, that is this current year, the total budget for the Nigerian Army is N29bn. As at April, we have released N17.98bn of that, which is 68.92 per cent. It means we are on course to also release 100 per cent.”

Minister of Finance, Zainab Ahmed
Minister of Finance, Zainab Ahmed
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