Bomshell:1 trillion Naria Wasted On Constituency Projects In the Last 10 Years - The Insurance and Finance Scope <!-- tosinakinde_sidebar(1)_AdSense6_160x600_as -->

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Wednesday, November 20, 2019

Bomshell:1 trillion Naria Wasted On Constituency Projects In the Last 10 Years

•ICPC arrests 59 directors for N3.3bn fraud
President Muhammadu Buhari





President Muhammadu Buhari yesterday thumbed down constituency projects, for which the federal government has appropriated N1 trillion in the last 10 years without corresponding impact on the lives of the people.

Buhari said at a national summit on ‘‘Diminishing Corruption in the Public Service,’’ organised by the Independent Corrupt Practices and other Related Offences Commission (ICPC) in collaboration with the Office of the Secretary to the Government of the Federation (OSGF), yesterday in Abuja that a report had confirmed the federal government’s worst fear that constituency projects had no trickle-down effects on the common man.

Constituency projects are initiated by lawmakers in the National Assembly to be sited in their respective constituencies as a way to attract development to their people. Funds to finance the projects, which are to be executed by MDAs and under the supervision of the sponsoring lawmakers, are included in the federal government’s budget for the fiscal year that covers the projects.

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