The minister of trade, industry, and investment, Doris Uzoka-Anite has clarifies that the N1.6 billion in the ministry’s 2024 budget proposal was earmarked for the nation’s trade office in Geneva, Switzerland, and not for foreign trips.

Uzoka-Anite faced criticism on Tuesday when she appeared before the national assembly joint committee on trade and investment to defend her ministry’s 2024 budget proposal.

After presenting the budget, Adams Oshiomhole, a senator representing Edo North raised concerns over a line item in the proposed budget which provides N1 billion for a single trip to Geneva.

Oshiomhole said, “I see that you intend to travel to Geneva next year and you have budgeted over one billion for that.

“We cannot keep going on with over-bloated teams on foreign trips.”

However, the minister in a statement through his media aide, Toluwase Moyan said, “We 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 ‘Foreign Trip to Geneva.

“Rather, the only mention of ‘Geneva’ in the proposed budget is with respect to the maintenance of the Nigerian Trade Office in Geneva, captured as ‘External Trade Sector, Geneva (WTO)’, which may have been misconstrued as ‘Foreign Trip to Geneva.

“In fact, the total amount (for NIGERIA’S 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.”

She maintained that as an active player in global trade, Nigeria needed to maintain an office in Geneva which is responsible for representing and defending the country’s multilateral trade interests.

“In 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’s outstanding debts in Geneva and maintain Nigeria’s respect and global standing amongst the comity of nations.

“Please be assured that the Ministry is committed to prudence, transparency and accountability,” Uzoka-Anite added.