The Federal Ministry of Trade, Commerce and Funding will spend N2.5 billion in 2024 on the procurement of furnishings and new fittings, creation and partitioning of recent places of work, commerce intelligence, funding promotion, picture rebranding, and roadshows.
That is in line with an evaluation of the lately signed N28.7 trillion 2024 Appropriation Invoice by President Bola Ahmed Tinubu.
The Ministry plans to spend N500 million on funding promotion, picture rebranding and roadshows.
One other N500m is earmarked for the procurement of workplace furnishings and fittings, whereas a further N500m might be spent on creating new places of work and partitioning on the new FMITI headquarters constructing.
In December 2023, the commerce ministry got here underneath the storm after senators questioned about N1 billion price range allocation for a visit to Geneva.
This occurred throughout a price range defence earlier than the Senate Committee on Commerce by the Minister of Commerce, Trade and Funding, Doris Nkiruka-Anite Uzoka.
A former Governor of Edo State and Senator representing Edo North, Adams Oshiomhole, had criticised the allocation, describing it as a waste of public funds.
Oshiomhole tasked the minister to shelve the Geneva journey and use specialists in her Ministry.