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BudgIT Nigeria Profile picture
@BudgITng
Aug 19, 2020 • 5 tweets • 4 min read • Read on X
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Is President @MBuhari's govt prioritizing the welfare of Nigerians?

Investments in capital projects & critical sectors have been abysmal!

FG is to spend over 87% of its allocations to Health & Education on recurrent expenses

Capital projects got just 12%

Thread
#RevisedBudget Image
N414bn which represents just 3.8% of total budget size was allocated for the health sector

N363bn which is 87.6% of allocation to health will be spent on personnel and admin costs

Meanwhile just N51bn set aside for capital projects.

This is not good enough! Image
Allocations to Ministry of Agriculture @FmardNg is a paltry N160bn. This represents just 1% of the total 2020 revised budget.

This is not okay.

@NigeriaGov needs to invest more in Agriculture if it plans to make the sector a strong pillar of Nigeria's FEE.

#RevisedBudget Image
Allocation to the ministry of humanitarian affairs racked up just 4% of the total budget size.

84% of its allocation will be spent on personnel and administrative expenses.

This ministry needs more investment as it directly affects the welfare of the citizens.

#RevisedBudget Image
As for Works & Housing sector (@FMWHNIG) and @PowerMinNigeria, allocations represents just 2.67% and 1.23% of the total budget, respectively

@NigeriaGov needs to invest more in both sectors

Allocations for capital expenditures in both sectors were N265bn and 128bn respectively. ImageImage

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More from @BudgITng

BudgIT Nigeria Profile picture
May 20
🔈BREAKING: @BudgITng Uncovers 11,122 Projects Worth N6.93 Trillion Inserted by National Assembly in 2025 FG Budget.

We have combed through the 2025 FG Budget, and you will be shocked at what we found.

@nassnigeria inserted 11,122 PROJECTS worth N6.93 TRILLION into the Budget! 🤯

PRESS STATEMENT
Thread!

#2025FGBudget #AskQuestionsImage
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Our analysis reveals that 238 projects valued above N5 billion each, with a cumulative value of N2.29 trillion, were inserted with little to no justification.

984 projects worth N1.71 trillion and 1,119 projects within the range of N500 million to N1 billion, totaling N641.38 billion, were indiscriminately inserted.

#2025FGBudget #AskQuestions
A closer look shows that 3,573 projects worth N653.19 billion are assigned directly to federal constituencies and 1,972 projects worth N444.04 billion to senatorial districts.

#2025FGBudget #AskQuestions
Read 12 tweets
BudgIT Nigeria Profile picture
May 19
📢 Dear Nigerians,

The Federal Government has failed to publish a detailed revenue breakdown for the 2025 budget. This is WRONG!

N54.9 trillion was signed into law by President @officialABAT, but a breakdown of where the money will come from is no where to be found.

PRESS STATEMENT
Thread!
#2025FGBudget #AskQuestionsImage
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While references have been made to certain revenue sources, no comprehensive data has been released to allow for independent scrutiny.

#2025FGBudget #AskQuestions
Recall that the Presidency initially submitted a proposed expenditure of N47.9 trillion, which President @officialABAT later revised to N54.2 trillion through a presidential letter citing increased revenue expectations. The @nassnigeria further increased this figure to N54.9 trillion, without publishing any accompanying macroeconomic or fiscal analysis to justify the additions.

#2025FGBudget #AskQuestions
Read 7 tweets
BudgIT Nigeria Profile picture
Jan 9
🗣️ Dear Nigerians,

We have observed that the 2025 FG proposed budget submitted to the @nassnigeria for review and approval and published on the Budget Office website omits funding for the Lagos-Calabar Coastal Road as well as the budget breakdown of some MDAs, commissions, and councils, such as the National Judicial Council (N341.63 billion) and TETFUND (N940.5 billion).

PRESS STATEMENT
Thread!
#AskQuestions #GetInvolvedImage
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The 2025 Proposed Budget also excluded the budgets of over 60 government-owned enterprises (GOEs), including the Nigeria Ports Authority, Nigeria Customs Service, and the Nigerian Maritime Administration and Safety Agency (NIMASA). #AskQuestions
It is worth noting that President @officialABAT’s recent pronouncement regarding the retirement package of military generals, which includes the provision of a bulletproof SUV, fully paid foreign medical treatment, $20,000 as estacode for medical trips, and payments for domestic help, contradicts his previous commitments to reduce the cost of governance and welfare packages to top-ranked public officials and civil servants. #GetInvolved
Read 5 tweets
BudgIT Nigeria Profile picture
Aug 26, 2024
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

Thread!
#AskQuestions
#BIR2023Image
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
BudgIT Nigeria Profile picture
Jun 28, 2024
🗣️🗣️ 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.

Thread
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.
Read 7 tweets
BudgIT Nigeria Profile picture
May 3, 2024
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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Read 9 tweets

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