In the midst of the #COVID19 pandemic that has rattled most nations of the world, there is no better time to emphasize the need to prioritize and invest in healthcare infrastructure and improved healthcare service delivery across all levels of Government in Nigeria
The government should not only be able to provide adequate health care infrastructure, its citizens should also be able to afford it, thus, there is a need to scale up investments in health infrastructure and health insurance reforms
Funds allocated to the health sector have been consistently poor, less than the African Union benchmark of 15% of total budget. The total allocation to the Health Sector has always been below 10% despite the steady rise in total budget from N4.4tn in 2015 to N10.33tn in 2020.
In 2019, out of the 36 states, Kwara was the only state with a health sector allocation of 17% of total budget, above the 15% benchmark. 8 states including Katsina, Bauchi, Sokoto, Borno and Osun had above 10% while the others had below 10%. Disappointing!
Regionally, Nigeria had the lowest Health Expenditure per Capita in comparison with other African countries like Egypt, Angola, Morocco and South Africa according to data released by the World Bank in 2016.
Nigeria cannot afford to continue underfunding its tertiary health institutions and agencies like the @NCDCgov, otherwise we would always have ill-equipped and grossly inadequate facilities for health issues and emergencies like #COVID19.
The priorities must now include increasing investments and funding to tertiary health institutions and primary healthcare centers, ensuring basic health insurance for all Nigerians, and investing in hygienic environments.
🗣️🗣️ It is worrisome that the Federal Government is drafting a 2024 Supplementary Budget to be implemented alongside the 2023 Approved Budget, 2023 Supplementary Budget, and 2024 Approved Budget.
FOUR budgets at once—an unprecedented anomaly.
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Press Statement!
Recall that the 2023 Approved Budget of N21.83 trillion, signed into law by President @MBuhari in January 2023, was designed to run for 12 calendar months from January to December, as is the practice globally.
In addition, while the 2024 Appropriation Bill was being drafted, the 2023 Supplementary Budget of N2.17 trillion was passed by the National Assembly and assented to by President @officialABAT barely two months before the end of the 2023 fiscal year.
Hello Nigerians, our extensive analysis of the 2024 FG Budget is finally out!
Details?
The Budget is anchored on N28.78tn in total expenditure & N19.60tn in revenue, a Debt service of N8.27tn, Recurrent (Non-Debt) expenditure of N8.77tn, & Capital expenditure of N10tn.
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The fiscal deficit is currently N9.18tn. The projected deficit represents about 50% of the federal government’s expected revenue and 3.88% of the projected GDP.
#2024BudgetNG
A look at the sector allocations shows the highest share of the total budget going to Security and Defense (13.38%), followed by Education (8.21%), Infrastructure (6.63%)…
Our findings on Senator Ningi’s allegations of N3.7 trillion budget padding for 2024 budget shows that a breakdown of N25.4tn was provided for the budgets of the Ministries, Departments and Agencies…
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#AskQuestions
…while the comprehensive budget breakdown of GOEs, @nassnigeria, National Judicial Council, Public Complaints Commission, INEC, and TETFUND totaling N3.32tn was excluded from the budget that was passed and published.
This does not mean the country operates two separate budgets.
There’s only one final 2024 budget known to us.
However, the summary budget of the aforementioned agencies was passed by the National Assembly and included in the published approved budget.
🗣️ @BudgITng's State Fiscal Transparency League project reveals findings on Nigeria's procurement websites👇
- 7 states have functional e-procurement portals with accessible data
- 16 states have portals, but data isn't up to date.
- 13 states lack both portals & data.
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BudgIT, under its State Fiscal Transparency League project, has extensively assessed the procurement websites of Nigeria’s 36 states to evaluate the level of transparency and accessibility of procurement-related information to the public. #SFTLProject #AskQuestions
The assessments, categorized into three categories—Green, Yellow, & Red—are as follows: green indicates that a state’s e-procurement portal is operating and data is available;
Having reviewed the proposed 2024 Appropriation Bill breakdown, it’s unfortunate that the @officialABAT administration has continued with some harmful budget practices from previous regimes that have fostered corruption, underdevelopment, unemployment, and multidimensional poverty.
PRESS STATEMENT
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#Budget2024NG
In August 2023, we itemized ten plagues that the Tinubu administration should avoid in the 2024 budget and budget process to ensure value for money, curb expenditure inefficiency and waste, enforce accountability, and put Nigeria on the pathway of prosperity, economic growth, and development.
Unfortunately, having reviewed the proposed 2024 Appropriation Bill breakdown, we observed that the Bola Ahmed Tinubu administration has continued with some deleterious budget practices from previous regimes that have fostered corruption, underdevelopment, unemployment, and multidimensional poverty.
The Fiscal Options & Post-election Governance series was an interesting exploration of Nigeria's economic opportunities in the current post-election environment. From insightful discussions to eye-opening presentations; here are a few takeaways!