FG Rejects World Bank Hidden Spending Claims
By Oluwakemi Kindness The Federal Government has rejected claims of hidden spending and diversion of federation revenue, saying recent reports misinterpret the World Bank’s Nigeria Development Update. Minister of State for Finance, Taiwo Oyedele, said suggestions that funds are being “diverted” reflect a misunderstanding of Nigeria’s fiscal system. “These interpretations misrepresent the World Bank’s analysis […]