Details of the Federal Ministry of Trade, Industry and Investments budget for 2024, released recently have showed that the N1.6billion earmarked for the World Trade Organisation office in Geneva was meant to cover the personnel and overhead costs of the staff of the department as well as providing capital for its operation for the year.
However, a breakdown of the Ministry’s budget on Wednesday showed that out of the total amount, N806,379,820 is to cover personnel cost, N204,058,434 will go for overhead while N600,745,345 will be set aside for capital, which brings their total proposed budget to N1,611,183,599 which the ministry said is in line with the total budget of the Geneva Trade Office published on the Nigerian Budget Office website.
