In case you have been wondering, the federal government plans to spend part of the monies recovered from political thieves to fund the 2017 budget.
This came straight from the horse’s mouth, President Muhammadu Buhari himself.
Buhari, who spoke at the 22nd Annual Conference of the Association of National Accountants of Nigeria in Abuja on Tuesday, was represented by the Accountant General of the Federation, Alhaji Idris Ahmed.
“My administration has practically done much in delivering on its core focus of diversifying the economy. Part of the stolen funds recovered is being used by the government to finance the 2017 budget.
“Power generation peaked at an all-time high of 7,001 megawatts in the third quarter of 2017,” Buhari said.
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The President also disclosed that his administration was aiming to produce 10,000MW of electricity by the year 2020.
He said the firm implementation of the Treasury Single Account since September 2015 had significantly enhanced transparency in the Federal Government’s public financial management system.
Also speaking at the conference, Chairman of Council, ANAN, Alhaji Shehu Ladan, pledged the support of the association to the government’s economic agenda.
“The accountant is key. We are calling on our members to increase their integrity quotient. As an association, we are strengthening our discipline mechanism to ensure that members found wanting do not go unpunished,” Ladan stated.