We conducted an analysis on the quality of @nassnigeria’s FG Budget reviews. Our findings point to gross abuse of appropriation powers, fueling inefficiency & waste that contribute to poor service delivery and ineffective economic policy.
See more: yourbudgit.com/data/ 1/5
1,522 projects with a cumulative cost of N186.61bn were inserted into the #2022budget of @FmardNg. Key allocations to projects that are crucial to achieving the strategic goal of the Nat Devt Plan were drastically reduced to create fiscal space for the @nassnigeria insertions.2/5
Worrisomely, a number of projects in the 2022 approved budget can be directly linked to principal officers of the National Assembly. It would seem that National Assembly members are becoming more emboldened to put their names on public projects funded with taxpayers' money. 3/5
If change must be in sight, the Judiciary, though ordinarily not part of the budgetary process, can make a significant impact, specifically in Nigeria’s case. There needs to be a final judicial pronouncement on the scope of the powers of appropriation granted to the National…4/5
...Assembly in the constitution, especially as it regards the authority to arbitrarily insert new capital projects in the annual budget. The @officialEFCC & @icpcnigeria need to prosecute cases of abuse, corruption, & financial recklessness associated with the budget process. 5/5
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