 The House of Representatives Committee on Finance has queried the adoption of the exchange rate of 425 Naira. This is as against the official exchange rate of 410 Naira adopted by the presidency for the 2022 budget year. This came to the notice of the committee when the chairman Honourable Falakis sought to know what exchange rate the AGF intends to use for maintenance of its foreign missions abroad. It was during the budget defense of the Parastatel at the National Assembly on Tuesday. Emmanuel Ahejene completes this report. Accountant General of the Federation, Ahmed Idris, had explained the sudden increase in the 2022 budget proposal of the Parastatel. That was before the House Committee during its budget defense presentation. He explained that this was so since the Ministry of Foreign Affairs transferred the responsibility of running Nigeria's foreign missions abroad to the Office of the Account and General's Office. We are now responsible for payment of salaries and allowances and ester codes of all the finance attaches assigned to Nigerian missions abroad. And that submission is that that amount was taken away from the budget of Ministry of Foreign Affairs and assigned to us. This is largely what is responsible for the sharp increase of over 100 percent. My concern is your exchange rates. You have put $425 dollar to Inaira, $425 dollar to Inaira. Mr. President's presentation is fall 10. You are aware of that, that this, of course, does not fall in line with the presentation of Mr. President to this National Assembly. The Committee also took presentation from the Nigerian bulk electricity trading PLC and BED, but they were not pleased with its performance in 2021, apparently due to its inability to dispense its budget. Percentage utilized against releases, zero percent. Honourable Chairman, the releases that we have utilized so far within 2021 are the Power Reform Programme for Paying Generation Companies, which you can see is at 100 percent. That is the money that is used to bridge the gap between what distribution companies remit to us and what pay generation companies it has for us. So what happens with the other releases? Honourable Chairman, the other releases are in the course of implementation. As the Honourable Chairman is aware, the implementation of the 2020 budget stretched up to almost half of the year before releases that are coming in for 2022. We are at an advanced stage of implementation, and in short order, these releases will be populated. The Committee threatened to map up its unused fund, but later changed its decision to give EMBED two weeks' grace. It's to explain the status of all projects across the country and the take-off duration. The Committee budget defence continues on Wednesday.