The Federal Government on Tuesday claimed that it is using part of the stolen funds recovered from those that looted the economy to finance the 2017 budget.
This was disclosed by President Muhammadu Buhari, who spoke at the 22nd Annual Conference of the Association of National Accountants of Nigeria in Abuja.
He was was represented by the Accountant General of the Federation, Alhaji Idris Ahmed.
According to the president, his government had resolved to use some of the recovered stolen funds to finance the 2017 budget.
He said, “My Administration has practically done much in delivering on its core focus of diversifying the economy.
“Part of the stolen funds recovered is being used by government to finance the 2017 budget.
“Power generation has peaked at an all-time high of 7,001 Megawatts in the third quarter of 2017.”