Federal Government sets up committee to address foreign missions’ debt

BREAKING NEWS: Did You Miss The 400 $ex T4pe of Equatorial Guinea senior official Baltasar Ebang Engonga? Quickly W4tch! Before They Are deleted Be The First Person To See The Full Videos. Now!The Federal Government has set up a committee to assess and confirm the debt profile of Nigeria’s foreign missions with a view to ensuring that payments are justifiable and carried out based on equity and fairness to all those affected.

In a statement issued Monday by the Spokesperson, Ministry of Foreign Affairs, Kimiebi I. Ebienfa, the exercise was to ensure that monies remitted to the missions are judiciously utilized and prudently managed in line with President Bola Ahmed Tinubu’s administration’s financial discipline policy.

According to FG, based on responses from missions and evidence provided, more than 80 per cent of the available funds have been cleared for payments, with priority given to service providers, salaries of locally recruited staff, and arrears of claims due to officers.

The Ministry of Foreign Affairs said it had also engaged the Office of the Accountant General of the Federation in obtaining refunds for the shortfall in missions’ allocations in the 2024 fiscal year due to foreign exchange differentials associated with the new monetary policy and the harmonisation of exchange rates.

The government had, in the statement, acknowledged the financial and operational constraints experienced by diplomatic and consular missions abroad. It, however, insisted that the country’s diplomatic missions were not immune to the economic situation at home and its attendant challenges to government operations.

According to the government, the financial situation confronting the missions stemmed from budgetary limitations over the years, which resulted in shortfalls in allocations, and have significantly impacted the optimal functioning of many missions abroad and their ability to deliver on their core diplomatic and consular mandates effectively.

The Federal Government has remained mute on the replacement of substantive heads of missions, who were recalled precisely on September 1, 2023.BREAKING NEWS: Did You Miss The 400 $ex T4pe of Equatorial Guinea senior official Baltasar Ebang Engonga? Quickly W4tch! Before They Are deleted Be The First Person To See The Full Videos. Now!