Nigeria's Federal Ministry of Arts, Culture and Creative Economy has projected a whooping sum of N3.7 billion for 'research and development' amid calls for cut in governance costs. This was reflected in the 2024 budget of N28.7 trillion signed by President Bola Tinubu in January this year and sighted by
on Wednesday in Abuja. recalls that the budget presented by President Tinubu was N27.5 trillion, but was increased by lawmakers by a difference of N1.2 trillion. The budget came under public discourse when Senator Abdul Ningi representing Bauchi Central Senatorial District alleged the padding of the budget to the tune of N3 trillion for which he was sent on suspension. The ministry was carved out by Tinubu from the old Ministry of Information, Culture and National Orientation.
Source: Financial Digest (financialdigest.net)
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