Abuja - The senate has uncovered N9 982 258 479 hidden in the budget of parastatals by the Federal Ministry of Education.
The committee, which discovered the amount at the commencement of its 2016 budget defence, said the amount was hidden in the ministry’s parastatals.
The parastatals allocation for the year, according to the Senate Committee, increased at geometric progression by almost N10 billion while the entire personnel cost for the ministry and all its subsidiaries including schools and colleges declined drastically when compared to that of last year.
To this end, the committee chairman, Senator Aliyu Wamakko, ruled that the permanent secretary and the ministry should go back to the drawing board and come up with a more sensible overhead cost, saying its discovery was that the huge sum was deliberately hidden under parastatals’ personnel cost.
The ministry’s parastatals’ personnel cost rose from N88.1 billion in 2015 to as high as N98.1 billion in 2016 estimate proposals while the personnel budget of universities reduced by as much as N16.245 billion, declining from N227.2 billion in 2015 to N211.0 billion in 2016.
Similarly, colleges of education budget decreased from N40.2 billion in 2015 to N37.6 billion, while polytechnics’ personnel cost which previously stood at N61.44 billion in 2015 was trimmed to N58.23 billion just as unity colleges’ budget had been cut from N288.7billion to N7.588 billion.
- News 24