{"id":130962,"date":"2023-12-14T08:34:54","date_gmt":"2023-12-14T08:34:54","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/12\/14\/n1-6bn-budget-is-for-nigerias-trade-office-in-geneva-not-foreign-trip-minister\/"},"modified":"2023-12-14T08:34:54","modified_gmt":"2023-12-14T08:34:54","slug":"n1-6bn-budget-is-for-nigerias-trade-office-in-geneva-not-foreign-trip-minister","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/12\/14\/n1-6bn-budget-is-for-nigerias-trade-office-in-geneva-not-foreign-trip-minister\/","title":{"rendered":"N1.6bn Budget Is For Nigeria\u2019s Trade Office In Geneva, Not Foreign Trip \u2014 Minister"},"content":{"rendered":"

<\/p>\n

\"Doris
Doris Uzoka<\/figcaption><\/figure>\n

Minister of Trade, Industry, and Investment, Doris Uzoka-Anite, says the ministry’s proposed budget of N1.6 billion is meant for the country\u2019s trade office in Geneva, Switzerland, and not for a trip to the country.<\/p>\n

Recall that Uzoka-Anite came under scrutiny on Tuesday when she appeared before the National Assembly Joint Committee on Trade and Investment to defend her ministry\u2019s 2024 budget proposal.<\/p>\n

After presenting the figures in the budget, Adams Oshiomhole, Senator representing Edo North and a member of the committee, questioned a line item in the budget proposal which provides N1 billion for a single trip to Geneva.<\/p>\n

\u201cI see that you intend to travel to Geneva next year and you have budgeted over one billion for that.<\/p>\n

\u201cWe cannot keep going on with over-bloated teams on foreign trips,” Oshiomhole had said.<\/p>\n

However, in a statement on Wednesday, Toluwase Moyan, Media Aide to the Minister, quoted Uzoka-Anite as saying that such a line item does not exist.<\/p>\n

READ ALSO:<\/p>\n

\u201cWe wish to categorically state that there is no line item in the proposed budget of the federal ministry of industry, trade, and investment referring to ANY \u2018Foreign Trip to Geneva.’<\/p>\n

\u201cRather, the only mention of \u2018Geneva\u2019 in the proposed budget is with respect to the maintenance of the Nigerian Trade Office in Geneva, captured as \u2018External Trade Sector, Geneva (WTO)\u2019, which may have been misconstrued as \u2018Foreign Trip to Geneva\u2019.<\/p>\n

\u201cIn fact, the total amount (for NIGERIA\u2019S TRADE OFFICE IN GENEVA) in the appropriation for 2024 is N1,610,183,599 with the breakdown as follows: Personnel Cost, N805,379,820; Overhead, N204,058,434; Capital, N600,745,345,” the statement read.<\/p>\n

The minister said as an active player in global trade, Nigeria needed to maintain an office in Geneva which is responsible for representing and defending the country\u2019s multilateral trade interests.<\/p>\n

\u201cIn fact, the current debt owed by the Nigeria Trade Office in Geneva as captured in the budget is N499,000,000.00, and it was deemed necessary to propose a budget that will service Nigeria\u2019s outstanding debts in Geneva and maintain Nigeria\u2019s respect and global standing amongst the comity of nations,\u201d she said.<\/p>\n

The post N1.6bn Budget Is For Nigeria\u2019s Trade Office In Geneva, Not Foreign Trip \u2014 Minister appeared first on Information Nigeria.<\/p>\n","protected":false},"excerpt":{"rendered":"

Doris Uzoka Minister of Trade, Industry, and Investment, Doris Uzoka-Anite, says the ministry’s proposed budget of N1.6 billion is meant for the country\u2019s trade office in Geneva, Switzerland, and not for a trip to the country. Recall that Uzoka-Anite came under scrutiny on Tuesday when she appeared before the National Assembly Joint Committee on Trade […]<\/p>\n","protected":false},"author":1,"featured_media":130602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-130962","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria-news"],"yoast_head":"\nN1.6bn Budget Is For Nigeria\u2019s Trade Office In Geneva, Not Foreign Trip \u2014 Minister - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/12\/14\/n1-6bn-budget-is-for-nigerias-trade-office-in-geneva-not-foreign-trip-minister\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"N1.6bn Budget Is For Nigeria\u2019s Trade Office In Geneva, Not Foreign Trip \u2014 Minister - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Doris Uzoka Minister of Trade, Industry, and Investment, Doris Uzoka-Anite, says the ministry’s proposed budget of N1.6 billion is meant for the country\u2019s trade office in Geneva, Switzerland, and not for a trip to the country. 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