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THE Senate Committee on Education, yesterday, uncovered N9,982,258,479 hidden in the budget of parastatals by the Federal Ministry of Education.
The committee, which discovered the amount at the commencement of its 2016 budget defence, said the amount was hidden in the ministry’s parastatals.
The parastatals allocation for the year, according to the Senate Committee, increased at geometric progression by almost N10 billion while the entire personnel cost for the ministry and all its subsidiaries including schools and colleges declined drastically when compared to that of last year.
To this end, the committee chairman, Senator Aliyu Wamakko, ruled that the permanent secretary and the ministry should go back to the drawing board and come up with a more sensible overhead cost, saying its discovery was that the huge sum was deliberately hidden under parastatals’ personnel cost.
- Vanguard
The committee, which discovered the amount at the commencement of its 2016 budget defence, said the amount was hidden in the ministry’s parastatals.
The parastatals allocation for the year, according to the Senate Committee, increased at geometric progression by almost N10 billion while the entire personnel cost for the ministry and all its subsidiaries including schools and colleges declined drastically when compared to that of last year.
To this end, the committee chairman, Senator Aliyu Wamakko, ruled that the permanent secretary and the ministry should go back to the drawing board and come up with a more sensible overhead cost, saying its discovery was that the huge sum was deliberately hidden under parastatals’ personnel cost.
- Vanguard