Reps query NIPC over N3.15 billion expenditure despite low revenue

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A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc

The House of Representatives on Thursday queried the Nigeria Investment Promotion Commission over an expenditure of N3.15 billion, despite submitting revenue of N2.89 billion in the first quarter of 2024.

However, the chairman of the Committee, Hon James Faleke wondered how the agency could budget for what it had not done yet. “I would like to see letter that authorized you to spend that 20 percent else we would charge all of you personally.

 

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