Minister of finance, budget and national planning, Zainab Ahmed says the federal government has recovered N49.7 billion debt owed to it by contractors and other third parties through Project Lighthouse, out of N5.2 trillion worth of debts.
Ahmed disclosed this in Abuja at the Executive Intelligence Management Course 14 of the National Institute for Security Studies (NISS).
According to the minister, the Project Lighthouse was one of the initiatives spearheaded by the finance ministry and its agencies, in line with the present administration’s commitment to sustainable development, governance and security.
“Project Lighthouse is a data driven artificial intelligence engine that provides the Federal Ministry of Finance, Budget and National Planning with an intelligence and profiling platform to aid in policy formulation, implementation and impact assessment,” Ahmed explained.
“It enables the aggregation of data from a variety of sources to give us the capability to develop an intelligent data-driven revenue mobilization model.”