Business Nigeria 2015: LCCI Demands Cut in Presidential Meal Budget

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The amount of money allocated for meals and refreshments for the offices of the President and the Vice President in the 2015 budget should be halved in order to cushion the effects of the fall in oil prices, Director -General, Lagos Chamber of Commerce and Industry, Mr. Muda Yusuf, believes.

Punch reports that the Federal Government has set aside N498.1m in the 2014 budget for foodstuffs, catering material supplies, canteen/kitchen equipment for the President while N37.2m was allocated to the Vice President’s office for the same purpose.

"All these budget heads have substantial amounts voted for them in the budget annually. Some of the provisions do not reflect the desired prudence in the management of public funds. Huge savings will be made if a proper scrutiny of these budget heads is made" he added.

#Nigeria #Punch


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