Minister Of Foreign Affairs Speaks On Why They Are Yet To Appoint Ambassadors. Pegs Reason On Funds.

The reason why ambassadors have not yet been appointed to serve in overseas missions has been provided by Yusuf Tuggar, Minister of Foreign Affairs.

Speaking on Tuesday, May 28, at the ministerial briefing to commemorate President Bola Tinubu's one-year anniversary of taking office, Tuggar stated that a shortage of funding is causing a delay in the appointment of ambassadors to serve in overseas missions.

He also revealed that the federal ministry of foreign affairs was underfunded when it was passed down to the current administration.

He stated: “We met a situation where foreign affairs was not being funded the way it should be. And secondly, there were loopholes being exploited by the likes of binance.

There is no point in sending ambassadors if we don’t have the funds to even travel to their missions. To run the embassies effectively and judiciously, we need funds.

Part of the problem is the situation that the new administration came and inherited. Of course, you know, President Tinubu focused on removing fuel subsidy. 

The whole idea was for us to stop subsidising consumption and start subsidising production. At the same time, the government faced other challenges. Even as the economic reforms were taking shape, we were beginning to see the impacts and then came the likes of Binance and crypto, which started undermining the gains. So we have a problem with our currency.”