SOMETHING IS SMELLING IN THE FINANCE MINISTRY AND ONLY TINUBU COULD PERCEIVE THE SMELL.
The same lady, Dr. Doris Uzoka-Anite as Minister of State for Finance who failed to answer questions about undisbursed funds during a budget defence hearing has now being moved to budget and planning.
She failed to explain why these monies that were approved could not be disbursed and where are the funds?
Note: (all information below was lifted from a report from an online platform):
$1.2 billion Digital infrastructure
$500 million Economic stimulus
$500 million MSME support (Dec 2025)
$500 million (AfDB) Economic governance/Energy transition Approved Nov 2025
$21M + ¥15B + €4B Recent executive loan request
₦1.15 trillion 30% of 2025 capital budget Approved but Not Disbursed
Despite this avalanche of borrowed money and record-breaking revenues from agencies like FIRS and Customs, Hon. Ikwechegh noted that capital projects remained at zero disbursement.
“With all these funds put together… I want you to enlighten us on why the 2024 budget is yet to be fully implemented, and why the 2025 budget has only been funded 34%—most of which is recurrent expenditure.”
Then came the question that silenced the room:
“I want you to enlighten us on why our capital projects still remain at zero. Talking about our country. This is our country. Are you not in Nigeria? Why the capital of the Nigerian government remains at zero in 2026?”
When pressed, Minister of Finance Wale Edun shifted responsibility to his Minister of State, Doris Uzoka-Anite, claiming she handled disbursements.
The committee adjourned to Thursday, February 26th, summoning Uzoka-Anite to provide answers.
She appeared. She confirmed that ₦1.15 trillion was indeed approved. But she claimed “pre-disbursement conditions” had not been met by some ministries.
Hon. Ikwechegh was ready. He rose and asked:
“Mr. Chairman, can the minister tell this committee which specific ministry met all conditions and still did not receive funding? If none existed, why was ₦1.15 trillion approved when the government knew conditions weren’t met?”
The minister could not name a single ministry.
The room understood the implication: either the money was approved without proper verification, or it was being withheld without justification.
TINUBU’S BUDGET IMPLEMENTATION CRISIS IS EQUIVALENT TO THE INSECURITY CRISIS.
Dear Readers, Good and credible news reportage is tedious task and requires huge finances.
We are soliciting your Noble support for as low as N1,000 your support would go a long way in assisting us to continue to guarantee our readers quality news.
Bank transfers can be made to:
Account Name: Harvest and Commercial
Bank: Sterling Bank
Account Number: 0078627735