The Committee, led by Senator
The
Before the Senate Committee adjourned the meeting, its chairman, who recalled that the
He said: 'So, there is no document for IPPS since 2015. You were issued queried three years ago on the same document and up till now , you are yet to present the document.'
On the controversy surrounding the
She said: 'Over the years, the percentages in the ration given to the three tiers of government have changed but currently from 2004 till date, we have a sharing formula of federal government 1 per cent, state government 0.72 per cent, local government 0.60 per cent.
'Totally, it is 2.32 per cent. The 1.32 per cent does not come to the ecological fund office, it is shared directly at Federal Allocation Committee, every month. We don't know the amount. The only thing the ecological fund office knows is what is in 1 per cent accruable to the federal government, of which our office is part of.
'Within the one per cent meant for the federal government, the act setting up NEMA gives them 20 per cent of the accruable of monthly basis from the ecological fund to NEMA to discharge its functions in addition to whatever appropriation they are given from the
'Also, the national agency for the great green wall also had an act that gives them 15 per cent of federal share from the ecological fund.
'The third layer which is the
'So the Federal Government 1 per cent share, this is what happens to it and it is not housed in the ecological fund office, but in the CBN under the custody of the office of the
'So what comes to the Ecological fund office in SGF's office is the fund meant for the specific projects the President has approved.
'That approval is what I will send to the Minister of Finance who will process and send to the Accountant General of the Federation and then the SGF's ecological fund account in CBN also will then be credited with the project funds.
'The ecological fund office cannot answer for the whole Federation funds because it is not in our custody and our job is to implement these projects.'
© Pakistan Press International, source