The House of Representatives on Wednesday queried the growing number of intervention projects executed by the Central Bank of Nigeria in various sectors of the economy and running into over N1.233tn.
The House observed that the bank had been executing the intervention projects from the sum of N2.02tn it had set aside for such purpose.
In spite of the huge spending on intervention projects, the House noted that there was no noticeable impact on the sectors that had benefited from the funds.
Lawmakers resolved to set up an ad hoc committee to investigate the disbursement of these funds, assess their impacts on the relevant sectors of the economy and also the performance of the various schemes undertaken by the CBN within six weeks.
Author
