The
Federal Government, under the leadership of President Goodluck
Jonathan, has spent at least N1.732trn on intervention funds in
different sectors of the economy, SUNDAY PUNCH investigation has found.
The figure represents the
sum of the amounts approved by the Federal Government as intervention
funds between 2010, when Jonathan became President and December 2012.
Some of the intervention
funds include the N200bn Small and Medium Guarantee Scheme, N200bn
Restructuring and Refinancing Facility Scheme and the N300bn Power and
Airline Intervention Fund.
Others are the N75bn
Grooming Enterprise Leaders Business Intervention Fund, N32bn
Entertainment Intervention Fund and N10.71bn Commercial Agriculture
Credit Guarantee Scheme to six banks by the Central Bank of Nigeria.