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Home»Business/Economy/Banking & Finance»COVID-19: FG spends N30.5bn in four months – AGF
Business/Economy/Banking & Finance

COVID-19: FG spends N30.5bn in four months – AGF

Abdallah el-KurebeBy Abdallah el-KurebeSeptember 6, 2020Updated:September 6, 2020No Comments3 Mins Read
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…Says  PTF spent N22bn; States N7bn; Police N500m; Air Force N877m

The Accountant General of the Federation, Ahmed Idris has responded to the Freedom of Information, FoI, request by the Socio-Economic Rights and Accountability Project, SERAP, and Connected Development, CODE, saying the federal government, in four months, spent a N30.5 billion on COVID-19 pandemic.

According to him, of the total of N36.3 billion public funds and donations received by it, government spent the N30.5 billion between April and July this year, leaving a balance of N5.9 billion.

However, SERAP in a statement issued by the Deputy Director of SERAP, Kolawole Oludare on Sunday, acknowledged that the AGF took time to provide details of how the fund was spent.

SERAP recalled that “Idris, reportedly said that the Presidential Task Force on COVID-19 spent N22 billion; while 36 states spent N7 billion on COVID-19.”

Also, the Nigerian Air Force spent N877 million on the deployment of assets in support of COVID-19 operations; the police spent N500 million on personal protective equipment; while N17,865.09 was paid as bank charges.

SERAP and CODE also commended Idris for honouring the FoI request, but urged him to respond to other information requested in the FoI letter.

Those included the specific projects on which the Presidential Task Force on COVID-19 spent N22bn and the list of Nigerians who benefited from the projects.

“It is refreshing to note that 115 ordinary Nigerians donated between N1 and N100 to support the authorities’ efforts to fight COVID-19, despite the fact that it is the country’s poorest and most disadvantaged sectors of the population that continue to bear the brunt of the COVID-19 pandemic.

“Of the N36.3 billion public funds and donations received, N1.4 billion came from Nigerians and companies through accounts at the First Bank; Access Bank; GTB, Zenith, and UBA, while N536 million donations were made through the Central Bank of Nigeria. The N536 million donations comprise of N89 million and N279 million from the Senate and House of Representatives, respectively.

“In addition, China General Chambers of Commerce in Nigeria donated N48 million; the Petroleum Equalisation Management Board gave N50 million while the Nigerian Content Development and Monitoring Board donated N70 million.

“We would be grateful if the requested details and additional information are provided to us within seven days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP and CODE shall take all appropriate legal actions under the Freedom of Information Act and the African Charter on Human and Peoples’ Rights to compel you to comply with our request,” SERAP demanded.

Accountability AGF CACOVID CBN CODE COVID-19 FoI Act SERAP
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