Activity

70 MDAs of the Federal Government of Nigeria were indicted for several fiscal abuses in the Auditor-General’s 2019 audit report, hence the sum of N455bn representing 20% of the 2019 budget was not accounted for. The report revealed a total of 394 audit issues, 603 risks on PFM, 342 management responses and 1,528 audit recommendations contained in the 2019 Audit Report. While approved budgets for all 70 agencies analyzed was N3.79tn, funds released to the MDAs in 2019 stood at N2.2tn.