FG to Recover Debt Owed by Ministry Department and Agencies

The Minister of Finance, Budget and National Planning Zainab Ahmed has said that the Ministry was leveraging on data mining effort to recover huge debts owed the Federal Government.

Ahmed disclosed this at the formal launch of Project Lighthouse Debt Analytics and Reporting Platform in Abuja on Monday.

The Minister noted that through the consolidation efforts of the project, the government has been able to aggregate monumental debts of approximately N5.2 trillion owed by MDAs, out of which N53.5 billion has been recovered in the last 12-18 months.