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Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has said the Federal Government will enforce recovery of N5.2 trillion debt owed by over 5,000 debtors through various Ministries, Departments and Agencies, MDAs.
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this at the launching of the Project Lighthouse Debt Analytics & Reporting Platform, in Abuja, yesterday.
Ahmed said that the discovery of the debt follows a 2019 Finance Circular directing all MDAs as well as Federal Government Owned Enterprises (FGOEs) to provide the government’s credit portfolio in all such organisations.
She revealed that N53.5 billion has been recovered in the last one and a half years.