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FG servicing loan on failed $460m CCTV – Minister

1 min


Finance Minister, Zainab Ahmed

October 25, 2019
Leke Baiyewu, Abuja

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Federal Government is still servicing the $460 loan got for failed Abuja CCTV project.

She spoke on Thursday at the defence of the 2020 budget proposed by her ministry.

The House Committee on Finance had queried the project.

The Chairman of the committee, James Faleke, said, “Before this administration, we have collected some loans and the one that strikes me the most is the $460 for CCTV installation in Abuja. I want to know the position of this loan.

Responding, the minister said while Nigeria was already serving the loan, she had no explanations on the status of the project.

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Ahmed said, “We are servicing the loan; but on the project, we will have to ask the FCT authority because the project was deployed in the FCTA. I have no information on the status of the CCTV project.”

Copyright PUNCH.

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Jake Clifford

Jake Clifford is a Nigerian Born blogger and a fast growing Journalist, whose aim is to inform Nigerians with happening across Nigeria. Send story tips to him via [email protected] or

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