BudgIT Nigeria Profile picture
Jun 4, 2020 28 tweets 8 min read Read on X
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
From our report, we summarized the defects, issues and faulty lines into 10 important questions

#OpenTreasury
Question 1: How can interested citizens along with stakeholders reliably reach out with questions about the platform and its contents?

#OpenTreasury
We discovered that, though the phone number provided on the platform does not connect to any individual and the contact form cannot be successfully submitted.

#OpenTreasury
2. What is the basis of prioritizing spend?

#OpenTreasury
@FinMinNigeria received 158,05% of their allocation in 2019 but the @NCDCgov only received 44%. Nevertheless, there is nowhere either on this platform or on other platforms, the rationale that informed this spend prioritization decision is indicated.
3. Why are the budget figures different from those in the Appropriation Act?

#OpenTreasury
There is a discrepancy between the figures noted as “2019 Budget” and the budget figure as contained in the 2019 Appropriation act without any explanation provided for this
discrepancy.

#OpenTreasury
4. What is the explanation for making several payments on the same day to the same beneficiary?

#OpenTreasury
While some of these payments appear to be duplicates (e.g. with the same amount paid), others reflect different payment amounts made to the same beneficiary on the same day with different amounts and with the same descriptions.

#OpenTreasury
5. Why are large payments being made to personal accounts as opposed to company accounts?

#OpenTreasury
Since government contracts are with companies, the
expectation is that payments are likewise made to companies and not individuals. Where this is not the case, an explanation is required to ensure full transparency

#OpenTreasury
One of such payments is that of N 157m, made to an individual account with the description “For transfer to NCDC for emergency Lassa Fever Response’’ which begs the question of why the beneficiary account did not read “NCDC”.
This particular example doubly needs an explanation as the payment record was also duplicated in that day’s record.

#OpenTreasury
6. How can the public easily view all payments made to a particular beneficiary?
7. Why are there capital payments at the end of the year when project implementation is then impossible?

#OpenTreasury
8. What are these payments amounts which do not indicate ministry name, organization and beneficiary name?

#OpenTreasury
Having payment records without corresponding information on ministry, organization and beneficiary is akin to stating that millions of naira were spent but are not traceable.
9. What are explanations for the multitude of payments with either no description or incomprehensible descriptions?

#OpenTreasury
Without descriptions, public evaluation and understanding of payment records is hindered and the purpose of the platform is not fully realized.

#OpenTreasury
10. How can one track spend from the IMF RFI Loan?

#OpenTreasury
The 10 questions about the Open Treasury Platform and its data makes bare the weaknesses of the platform. Based on the observations and unanswered questions above...

#OpenTreasury
...we recommend 3 broad classes of actions to improve user experience on the platform, to increase the transparency
of the data available and to engage beyond the platform.

#OpenTreasury
Our Principal lead, @GabsynGreat is currently reading the press release, signed by @dammyogundipe - @budgit's Communication Lead
That will be all for today. THANK YOU

#OpenTreasury
Download full report: bit.ly/open-treasury

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More from @BudgITng

Aug 26
Hello Nigerians,

According to the 2023 Fiscal Accounts Report of the Accountant General of the Federation, Nigeria's Federal Government made a revenue of N5.99tn, spent N19.50tn, and recorded a deficit of N13.50tn—225% of the total revenue.

What does this mean? The government spent more than three times what it earned in revenue

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Where did the revenue come from?

N3.80 trillion came from the Federation Account Allocation Committee (FAAC), FG share of independent revenue raked in N1.98tn, the FG share of the Federation Account contributed N2.39tn, exchange rate differences was N715.75bn, while VAT added N441.87bn.Image
How was the money spent?

Debt servicing accounted for 43.9% of the budget at N8.56tn—the largest single expense. Non-debt spending took up 27.8% at N5.42tn, while capital expenditure was 23% at N4.49tn. Image
Read 4 tweets
Jun 28
🗣️🗣️ 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!
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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.
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May 3
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%)…

#2024BudgetNG
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Mar 13
🗣️🗣️ Hello Nigerians,

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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…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.
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Feb 12
🗣️ @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;

#SFTLProject #AskQuestions
Read 11 tweets
Dec 11, 2023
🗣️ 2024 Budget Proposal: BudgIT Highlights Alarming Issues, Discrepancies, Calls for Urgent Review.

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.

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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.
Read 6 tweets

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