In Oct 2019, President @MBuhari ordered a forensic audit of the @NDDCOnline after 9 Governors complained of large-scale corruption in the commission.

This includes over N1tn worth of fraudulent projects, a contract that was awarded 55 times, and 500 fake projects.

THREAD Image
Subsequently, a three-man committee was set up to manage @NDDCOnline for the duration of the forensic audit. #FixOurOil
After this, FEC approved a sum of N318m for the engagement of a lead consultant for the forensic audit in Feb 2020. N722.3m was also approved for 8 @NDDCOnline forensic auditors by @NigeriaGov in Aug 2020. #FixOurOil Image
In April, the constituted interim management kickstarted the forensic audit on @NDDCOnline.
In the same April, NDDC relieved all staff that were involved in the corruption scandal of their official duties. However, their names were not disclosed to the public. #FixOurOil Image
Among other things, BudgIT is interested in benefit transfer systems reforms for oil-wealth communities in the Niger Delta and other resource-rich communities in Nigeria, as it relates to the audit, thus, we have been following the forensic audit with keen interest. #FixOurOil
The forensic audit is still ongoing and BudgIT will keep the citizens abreast of new developments #FixOurOil

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More from @BudgITng

26 Feb
Hello Nigerians,

To improve electricity access, FG plans to spend N661bn ($1.74bn) through the Nigerian Distribution Sector Recovery Program (DISREP)

Of this $1.74bn, 72.1% will be funded by loans. This will increase Nigeria's N31tn debt burden by 1.54% #WatchTheDebt

Thread! ImageImage
For context, a brief review of Nigeria's current electricity distribution status reveals that;

85m Nigerians currently have no access to grid electricity, and Nigeria records N10.1tn annually as economic losses due to lack of reliable power supply, among others.👇 #WatchTheDebt ImageImage
N476.3bn, which represents 72.1% of the total sum of N664bn for DISREP, will be funded with loans.

The loan consists of N265.3bn from @AfDB_Group and N189.5bn from @WorldBank.

#WatchTheDebt #AskQuestions Image
Read 7 tweets
22 Feb
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
25 Jan
Let's talk about the Petroleum Industry Bill!

What is the bill meant to achieve in the oil & gas sector, and what are its governance provisions?

We've highlighted a few things you should know ahead of @housengr's public hearing on the bill, this week.

THREAD!
The Petroleum Industry Bill is an omnibus law meant to;

•Regulate the entire sphere of the oil and gas sector

•Repeal all current existing oil and gas legislation.

•Provide a framework for fiscal, governance, and
institutional aspects of the petroleum Industry.

#FixOurOil
In clear terms, the PIB is meant to;

•Create an effective and efficient governing institution.

•Foster a business environment conducive for petroleum operations

•Promote transparency, good governance and accountability, among others. #FixOurOil
Read 8 tweets
17 Nov 20
What has Nigeria achieved since it joined the OGP?

Do citizens now have access to the budget & public info on govt activities?

What about the ease of doing business & asset recovery?

What has changed?

This thread highlights the successes of @ogpnigeria since its inception.
To reiterate, the OGP initiative is meant to promote open government, empower citizens and fight corruption among other objectives.

To achieve these, @NigeriaGov & CSOs drafted the 1st National Action Plan (NAP1), highlighting 14 commitments to be implemented between 2017-2019
The implementation of NAP1 achieved the following successes under @ogpnigeria;

• Open Budget to citizens

• Access to public information

• A Presidential Committee on Asset Recovery

• Ease of doing business, among others

#NAP2
Read 8 tweets
13 Nov 20
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
12 Nov 20
THE PROPOSED #2021Budget

Critical issues that need @nassnigeria's attention

1. MISPLACED PRIORITIES

N17bn will be spent by govt officials on intl. travels & trainings that can be done virtually.

Whereas 38 Fed. Hospitals do not have allocations for medical supplies.

THREAD!
The N64.75bn allocated for the construction of government buildings across all MDAs should be reviewed downwards, seeing that nearly 135000km of roads in Nigeria are untarred, obstructing the movement of goods and people.

The latter needs more investment. #2021Budget
Also, the N11.9bn capital allocation to the police formations and commands is quite small considering the dearth of equipment needed to provide security for almost 200m people and the poor state of police barracks.

#2021Budget
Read 11 tweets

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