At a press conference in Abuja on Sunday, the Spokesman of the House of Representatives Zakari Mohammed stated that only implemented 34 percent of the budget has been implemented.
The Federal Executive Council on Wednesday via the Minister of Finance confirmed that the implementation of the 2012 budget has reached 56% from 39% as at the end of May.
Dr. Ngozi Okonjo Iweala further revealed that the 56% represents N324 billion of the N404 billion so far released.
Reacting to the planned impeachment threats by the lower legislative chamber to President Jonathan if the budget implementation is not at 100% before September, the former World Bank Manager stated that “there is nowhere in the world where budget is implemented 100% by September” insisting that from her experience the least any country has done is 80%.
Mr Mohammed at the press conference also noted that contrary to claims by the Minister of Finance, the introduction of constituency projects by the National Assembly is not the reason for the slow pace of the implementation of the budget.
The House of Representatives had two weeks ago, threatened to impeach President Goodluck Jonathan over the failure to implement the budget.
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