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Olympic funds ready — DG Budget

With 17 days to the commencement of the 2016 Olympic Games in Rio de Janeiro, Brazil, the Ministry of Youth and Sports is expected to receive its budgetary allocation for the Rio Olympics by Wednesday July 20, 2016.

The Director General, Budget   Office of the   Federation Mr   Ben Akabueze gave the assurance on Monday at a meeting of the House committee on Sports held with the Ministry of Youth and Sports, the Account General of the federation, the Nigeria Olympic Committee and the Director- General, Budget office of the federation at the House of Representatives, National Assembly, Abuja.

Mr Ben Akabueze stated that his office had a budgetary allocation of N600m for the Olympics. N415.6m was for preparations of Olympic and Paralympic Games and an allocation of N184.6m to the Nigeria Olympic Committee to facilitate the games proper out of which the ministry had sought the release of N503, 977,710m.

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