A report from the Public Interest and Accountability Committee’s Annual Report on the management and use of Petroleum revenues for the period of 2018 revealed about 99 percent of oil cash was usedfor the payment of school fees in respect of the government’s FreeSHS.
Petroleum revenue contribution to the national budget over the last 10 years has been estimated at US$2.6billion,
PIAC therefore recommended the labelling of Annual Budget Funding Amount (ABFA)-funded projects for identification.