Senate. The presidency, in a document made available toNewsmen on Monday in Abuja, said that Special Economic Zones wasdiscussed and approved by the Federal Executive Council . The Senate had recently rejected the N15.63 billionbudget proposals of the Federal Ministry of Industry, Trade andInvestment for 2019 because of the Nigeria Special Economic Zones InvestmentCompany listed for N42 billion appropriation. The document said there was a firm resolve in theExecutive arm of government to clarify issues and keep the SEZ plansand the strategy adopted and already approved by the FEC. The document said that when the Minister ofIndustry, Trade and Investment, Okechukwu Enelamah presented the ministry’s2019 Budget details to the relevant Senate committee,questions were raised about the creation of a limited liability companywith 25 per cent of Federal Government interest.
Mining Brief
Special Economic Zones: Presidency Raises Concern Over Misrepresentation Of 42 Billion Naira
Tags