Nigeria: Fillip for 2018 Budget As Govt Plans Injection of Fresh $500m Abacha Loot

The 2018 budget has received a major boost in terms of funding as the federal government announced yesterday that it is almost concluding the processes of repatriating additional $500 million (about N180 billion) Abacha loot and others.

On different occasions, the federal government had listed stolen funds recovered from those that looted the economy among its source of funding the budget. The chairman of the Presidential Advisory Committee Against Corruption, Prof. Itse Sagay, had also disclosed that the federal government is to partly fund the proposed N9.12trillion budget for 2018 with N500billion recovered through its anti-corruption efforts.

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