Nigeria may be losing over N1 trillion to non-remittance of operating surplus through deliberate wrong computations by agencies of government, direct diversion of funds, application of wrong accounting standards and non-inclusive listing of all government corporations.

Following damning revelations from the trial of some Air Force chiefs in the past administration, the Minister of Finance, Mrs. Kemi Adeosun has ordered investigation into all military formation payroll in the country.

The Lagos Chamber of Commerce and Industry (LCCI), has lauded the passage of the 2016 budget into law, describing it as a good development for the private sector.