FG To Partly Fund 2018 Budget With N500bn Recovered Loot ~ Sagay


The Federal Government is to partly fund the proposed N8 .6 trillion budget for 2018 with N500 bn recovered through its anti - corruption efforts , the Chairman of the Presidential Advisory Committee Against Corruption, Prof . Itse Sagay , has said.

Sagay, who spoke on Friday in Abuja during his committee’ s ‘ interaction with stakeholders’ , said the Federal Government’ s anti - corruption efforts had, so far , been extremely successful.

“Regardless of what some elites , who I think are the beneficiaries of corruption, are saying , the anti - corruption efforts have been extremely successful, ” he said.

He said Nigerians had never witnessed the recovery of looted funds as huge as the quantum the President Muhammadu Buhari Administration had achieved in the last two years .

“In 2018, N500 bn from what has been recovered is going to be used to fund the budget, ” he said .

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