Discover and read the best of Twitter Threads about #2020Budget
Most recents (3)
THREAD: Cuts to UBEC, Basic Healthcare Fund etc.
Here are 10 Things you should know about the Proposed Revised 2020 Budget
1. FG proposes $25 per barrel as new oil benchmark price. Revised Oil Revenue target is N924bn as against N2.64tn earlier approved by NASS, a 65% reduction
Here are 10 Things you should know about the Proposed Revised 2020 Budget
1. FG proposes $25 per barrel as new oil benchmark price. Revised Oil Revenue target is N924bn as against N2.64tn earlier approved by NASS, a 65% reduction
2. FG proposed a revised Non-Oil Revenue target as N1.62tn as against N1.81tn in Appropriation Act, a 10% decrease.
3. A significant cut was made to Customs revenue target from N618bn as approved to N450bn in the revised proposal, a 27% decrease.
#2020Budget
3. A significant cut was made to Customs revenue target from N618bn as approved to N450bn in the revised proposal, a 27% decrease.
#2020Budget
4. While allocations NASS and NJC were by 10%, revised proposal allocations for UBEC and Basic Healthcare Fund (BHCF) were cut from 54% and 43%.
UBEC & BHCF budgets are tied to revenue performance but govt is not augmenting the shortfall for these budget lines.
#2020Budget
UBEC & BHCF budgets are tied to revenue performance but govt is not augmenting the shortfall for these budget lines.
#2020Budget
THREAD: Nigeria is facing multiple threats of insecurity but how MUCH does the country spend on SECURITY?
Our security buget is N1.78tn. Do you feel more secured?
Let us take a look at 2020 Budget as related to security. #AskQuestions #AccessNG
Our security buget is N1.78tn. Do you feel more secured?
Let us take a look at 2020 Budget as related to security. #AskQuestions #AccessNG
The Nigerian Army & Nigerian Police take the biggest chunk of the security budgets.
Personnel and overhead costs make the chunk of recurrent expenditure. Nigeria still spends too low on capital expenditure (helicopters, tanks, guns) for security agencies. #AccessNG #2020Budget
We take a deep dive into the #2020budget to highlight some critical issues ranging from opaque line items, duplication of agencies & parastatals to repetition of line items every year. THREAD!
#AskQuestions
#AskQuestions
There is a need to look into the number of agencies under Nigerian ministries. With about 856 agencies under 27 ministries a lot of these only exist drawing recurrent expenditure every year without any meaningful impact. #AskQuestions
Nigeria has a number of agencies with duplicate functions. For example, we have a National Space Research & Development Agency in Abuja, a Centre For Space Transport Propulsion in Epe, a Centre For Basic Space Science in Nsukka, and an Advanced Aerospace Engine Laboratory, Oka.
