Discover and read the best of Twitter Threads about #OpenTreasury

Most recents (3)

PRESS STATEMENT

BudgIT and CISLAC applaud @NigeriaGov as payments made to personal accounts on the #OpenTreasury Portal reduce by 94% from N5.8bn to N308m.

Payments without description have also reduced by 50.9% from N794m to N389m.

This is commendable!

THREAD #AskQuestions
On December 9, 2019, @nigeriagov launched the #OpenTreasury Portal to increase transparency and accountability in government spending. #AskQuestions
In June 2020, BudgIT released a detailed report titled. “OpenTreasury.gov.ng: Nigeria’s Spending Platform: Review, Gaps & Recommendations”, in which it analysed data uploaded on the portal from September 2018 to May 2020. #AskQuestions
Read 14 tweets
In Jun, 2020, we discovered payments totalling N278bn without descriptions, N51bn paid into personal acts & other loopholes for abuse of public funds on the #OpenTreasury Portal.

As a result of this, @Nigeriagov set up a committee with a mandate to resolve these issues.

Thread!
@BudgITng was nominated as a member of the Transparency Portal, Quality Assurance & Compliance Committee which also includes @ICPC_PE & @officialEFCC in response to our letter to the @OAuGF on the issues.

Our participation comes at no cost to @nigeriagov

#EndBadGovernance
Since the committee's intervention, payments without description have reduced from N40.76bn with about 500 transactions in March to N601.3m with 44 transactions in October 2020.

#EndBadGovernance
Read 11 tweets
Our virtual press conference on the Open Treasury Portal is now live!

Stay tuned for updates!
#OpenTreasury
On the 9th of December, 2019, the Federal Government launched the Open Treasury Portal for the purpose of increasing transparency in government spending
We appreciate this great effort by the government to ensure fiscal transparency. Our review highlights the functionality, advantages and some of the defects that we noticed - Ojiugo Uche
Read 28 tweets

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