N511/N516 (updated 20.2.17:close)
buying/selling naira exchange rates per USD
Thursday, 2 February 2017


The issue of padded budget was recently debated on the National Assembly where senators expressed surprise over the frivolous spending on absurd items on the list - ie budgeting of 200m naira for buying computers for the State House yearly.

Some questions presented by the Senate include:

  • "They are requesting N123 million to buy catering equipment, they spent N94 Million to buy catering equipment last year& they are here again"
  • "Every year, they buy computers & equipment N200 Million, what are they doing with computers? Did they throw the ones they bought last year away?"


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