Mrs Zainab Ahmed, Minister of Finance, Budget, and National Planning Mrs Zainab Ahmed, Minister of Finance, Budget, and National Planning, said on Friday that the Federal Government had not recovered N5.15 trillion in debts owing to it by third parties.
According to Ahmed, the government was able to recoup 49.7 billion of the N5.2 trillion debt due to it by third parties.
She stated this again on Friday at the National Institute for Security Studies’ Executive Intelligence Management Course 14, which was conducted in Abuja.
Project Lighthouse, she added, was one of many efforts the government had done through her ministry to ensure good governance and security in the country.
She claimed that the President’s administration, led by Major General Muhammadu Buhari (retd. ), has proved its strong commitment to long-term development, governance, and security by allocating financial resources.
“The security agencies are prioritized in the allocation of our limited revenues,” Ahmed said. “For example, to supplement the allocations in the 2021 Amended Budget, about 86 percent of the 2021 Supplementary Budget was dedicated to the capital and recurrent expenditure needs of the security agencies.
“The Federal Budget also funds a number of programs to enhance good governance, which are supported with the help of development partners.”
Project Lighthouse, she explained, is a data-driven artificial intelligence engine that gives the ministry an intelligence and profiling platform to help with policy creation, implementation, and evaluation.
“The Federal Executive Council has approved the second phase of Project Lighthouse implementation, and so far, we have been able to aggregate N5.2 trillion in debts owed to the government by third parties, of which N49.7 billion has been recovered,” the minister stated.
She stated that her ministry would continue to collaborate with relevant stakeholders in order to “make Nigeria a safe and secure environment conducive to long-term development.”