Senate yesterday requested explanation from the Federal Ministry of Industry, Trade and Investment, FMITI on about N275million overhead cost hidden under Infrastructure Development in the 2016 budget of the ministry.
The upper legislative chamber also queried the rationale for over N100million allocated for overseas monitoring and evaluation by the ministry, saying that the figures presented is over bloated with conflicting figures.
Chairman of the Senate Committee on Industry, Senator Sam Egwu, who made discovery during budget defence by the ministry, also frowned at N83million allocated to meals and refreshment by the Standards Organization of Nigeria, SON, an agency under the ministry.
Senator Egwu (PDP Ebonyi North) therefore asked the Minister of State for Industry, Trade and Investment, Mrs. Aisha Abubakar to go back to the drawing board with her team and come back with a more concise and realistic figures.
Director General of Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, Hon. Bature Umar Masari requested for another date for their budget defence.
According to him, the budget as appropriated covered only the purchases and manpower of the agency leaving off the programme aspect which is key in the operation of the agency.
Also, the Standard Organisation of Nigeria, SON, an agency under the Ministry of Industry, Trade and Investment defended the N10.3billion appropriated to the organisation.
In his the defence, the Director General of SON, Dr. Samuel Ike Odumodu said that SON wish to optimally explore its revenue generating arm and would add about N120m into the consolidated revenue account at the end of the fiscal year.


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