{"id":9733,"date":"2016-07-02T22:09:49","date_gmt":"2016-07-02T22:09:49","guid":{"rendered":"http:\/\/newsroom247.com.ng\/?p=9733"},"modified":"2016-07-04T17:27:13","modified_gmt":"2016-07-04T17:27:13","slug":"fg-spends-n64b-on-foreign-trips-this-year-but-only-n18b-on-road-construction-minister-of-finance","status":"publish","type":"post","link":"http:\/\/newsroom247.com.ng\/?p=9733","title":{"rendered":"FG spends N64b on foreign trips this year, but only N18b on road construction &#8211;  Minister of Finance"},"content":{"rendered":"<p><code><script src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\" async=\"\"><\/script><br \/>\n <!-- www.deltanewsroom.com --><br \/>\n <ins class=\"adsbygoogle\" style=\"display: block;\" data-ad-client=\"ca-pub-2163942495525027\" data-ad-slot=\"1411897411\" data-ad-format=\"auto\"><\/ins><br \/>\n<script>\/\/ <![CDATA[\n(adsbygoogle = window.adsbygoogle || []).push({});\n\/\/ ]]><\/script><\/code><\/p>\n<p>The Minister of Finance, Mrs. Kemi Adeosun has informed members of the <a href=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/04\/Kemi-Adeosun.jpg\" rel=\"attachment wp-att-8706\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-8706\" src=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/04\/Kemi-Adeosun-300x173.jpg\" alt=\"Kemi-Adeosun\" width=\"300\" height=\"173\" srcset=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/04\/Kemi-Adeosun-300x173.jpg 300w, http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/04\/Kemi-Adeosun.jpg 400w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>House of Representatives that the federal government spent N64 billion on foreign trips. The minister, who addressed the lawmakers at plenary on the ongoing sectorial debates on how to diversify the economy, said government<br \/>\nwas trying to reduce the huge amount of money being spent on foreign trips<br \/>\non government officials.<\/p>\n<p>She revealed that government spent N4 billion yearly on rent, pointing out<br \/>\nthat they would turn all its agencies that deal on rent to recovery<br \/>\nagencies. The minister disclosed that government inherited N60 billion as<br \/>\na result of fertiliser supplied and were not paid for.<\/p>\n<p>Adeosun lamented that while N165 billion were being spent monthly on<br \/>\npersonnel cost, N18 billion had been spent on road construction thus far.<br \/>\nShe said in view of the dwindling economy, government had started growing<br \/>\nthe non-oil sector of the economy, adding that the country could not<br \/>\ncontinue relying on oil proceeds. The minister hinted that over 99.6<br \/>\npercent of what government agencies generate was spent, stressing that<br \/>\nwhat they were doing at the moment was to block unnecessary spending and<br \/>\nwastages.<\/p>\n<p><code><a href=\"https:\/\/market.jumia.com.ng\/personal-care\/?utm_source=pap&amp;utm_medium=aff&amp;utm_campaign=5380e993&amp;a_aid=Omafume&amp;a_bid=5380e993\" target=\"_top\"><img loading=\"lazy\" decoding=\"async\" title=\"\" src=\"\/\/kaymu.postaffiliatepro.com\/accounts\/default1\/a72f75b38\/5380e993.png\" alt=\"\" width=\"336\" height=\"280\" \/><\/a><img loading=\"lazy\" decoding=\"async\" style=\"border: 0;\" src=\"http:\/\/kaymu.postaffiliatepro.com\/scripts\/a72f75i38?a_aid=Omafume&amp;a_bid=5380e993\" alt=\"\" width=\"1\" height=\"1\" \/><\/code><\/p>\n<p>While saying they were trying to control these government agencies to<br \/>\nreally know how much they generate, Adeosun admitted that they do not know<br \/>\nthe true size of government revenue. She wondered why some of the oil<br \/>\ncompanies they pay subsidy were not paying tax to the Federal Inland<br \/>\nRevenue Service, FIRS. On capital projects, the minister assured the<br \/>\nlawmakers that they would invest more on power, housing, transport and<br \/>\nroads.<\/p>\n<p>Adeosun, however, expressed optimism that investing in capital projects<br \/>\nwould drive industrialisation and grow the economy. She further disclosed<br \/>\nthat government was trying to reduce the counterpart funding to states<br \/>\nfrom 50 percent to 10 percent. The minister noted that they were cleaning<br \/>\nup the pension reform to ensure that as people retire, they get their<br \/>\npension as at when due.<\/p>\n<p>\u2013 Nigerian Pilot<\/p>\n<p><!-- BEGIN JUMIA --><a href=\"http:\/\/marketing.net.jumia.com.ng\/ts\/i3556158\/tsc?amc=aff.jumia.44339.52450.49920&amp;tst=!!TIMESTAMP!!\" target=\"_blank\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/marketing.net.jumia.com.ng\/ts\/i3556158\/tsv?amc=aff.jumia.44339.52450.49920&amp;tst=!!TIMESTAMP!!\" alt=\"NG-[C:G.Mobi,B:Allbrand,Wk:2516,Dim:3000X600]:Smartphones\" width=\"300\" height=\"600\" border=\"0\" \/><br \/>\n<\/a><\/p>\n<p><!-- END JUMIA --><\/p>\n<p><script src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\" async=\"\"><\/script><br \/>\n <!-- www.deltanewsroom.com --><br \/>\n <ins class=\"adsbygoogle\" style=\"display: block;\" data-ad-client=\"ca-pub-2163942495525027\" data-ad-slot=\"1411897411\" data-ad-format=\"auto\"><\/ins><br \/>\n<script>\/\/ <![CDATA[\n(adsbygoogle = window.adsbygoogle || []).push({});\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Minister of Finance, Mrs. Kemi Adeosun has informed members of the House of Representatives that the federal government spent N64 billion on foreign trips. The minister, who addressed the lawmakers at plenary on the ongoing sectorial debates on how to diversify the economy, said government was trying to reduce the huge amount of money [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":8706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"ngg_post_thumbnail":0,"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[1],"tags":[1134,2216],"class_list":["post-9733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-kemi-adeosun","tag-minister-of-finance"],"jetpack_featured_media_url":"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/04\/Kemi-Adeosun.jpg","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4oswh-2wZ","_links":{"self":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/9733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9733"}],"version-history":[{"count":2,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/9733\/revisions"}],"predecessor-version":[{"id":9763,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/9733\/revisions\/9763"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/media\/8706"}],"wp:attachment":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9733"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}