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11 Mar, 5 tweets, 4 min read
Kaduna State Government plans to spend 25% of its total expenditure budget for 2021 on Education.

Simply put, @contactkdsg will be spending N62.1bn on Education from its total budget of N246.7bn.

A breakdown of the N62.1bn?

Let's take a quick look.👇
#EducationBudget

Thread!
@contactkdsg's total budget for Education is N62.1bn. 35% of this amount, which is a sum of N21.8bn, was earmarked for recurrent expenditure whilst N40.3bn will be spent on capital expenditure. #EducationBudget
Agencies with the highest allocations for total expenditure include the Ministry of Education (N21.3bn), KASU (N9.7bn), SUBEB (N20.3bn) and Kaduna State Scholarship Board (N3.43bn) #EducationBudget
For capital expenditure, SUBEB (N20.1bn), Ministry of Education (N10.7bn) and KASU (N4.41bn) are also among the agencies with the highest allocations. #EducationBudget
Lastly, the state will be financing some notable projects this year.

Topping the list is N3.04bn for 2021 UBE projects and N1.08bn to provide school uniforms for Students. More details 👇#EducationBudget

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More from @BudgITng

BudgIT Nigeria Profile picture
12 Mar
In Oct 2020,

All refineries recorded a deficit of N5.48bn without processing any crude oil.

NNPC made $1.95bn from 47.66m barrels of crude oil.

$32.19m was remitted to FAAC from the $ payment, while N4.41bn was spent on pipeline repairs.

NNPC's performance in Oct?

A Thread! Image
@NNPCgroup sold 47.66 million barrels of crude oil in October 2020. The highest sales came from IOCs and Independent Sources, constituting 77.53% of total sales. #FixOurOil ImageImage
@NNPCgroup made a total of $1.95 billion from the sale of crude oil in October 2020. #FixOurOil Image
Read 12 tweets
BudgIT Nigeria Profile picture
11 Mar
Oil-producing states must depend less on FAAC & oil derivation funds and invent new ways of expanding their IGR.

To achieve this, they must cut the cost of governance and reduce recurrent expenses.

More insights from our report on Akwa-Ibom, Bayelsa, Delta & Rivers.👇
THREAD!
In 2019, Akwa-Ibom's recurrent expenditure outperformed its capital expenditure by over 15%, and its debt profile has been on a steady increase in the last five years, rising from N187bn in 2017 to N237bn in 2019 #FixOurOil @results4dev
Bayelsa States's recurrent expenditure of 147bn was significantly higher than its CAPEX of N42bn.

This shows that not much is happening in terms of developmental projects.

Bayelsa is at risk of a debt crisis as its domestic debt grew by 61%, totalling N147bn. #FixOurOil
Read 6 tweets
BudgIT Nigeria Profile picture
10 Mar
Did you know?

Among the 36 States, Lagos State (@followlasg) has the highest budget (N1.16tn) for 2021.

Of the N1.16tn, N704bn & N458bn will be spent on CAPEX and recurrent expenditure, respectively.

What percentage will be spent on Education?

Thread! #EducationBudget ImageImage
@followlasg budgeted a sum of N123bn for Education in 2021, with N89.3bn and N34.2bn allocated for recurrent and capital expenditures, respectively.

This represents a 9.5% decrease compared to 2020 #EducationBudget of N136bn. #AskQuestions Image
Agencies with the highest allocations for CAPEX include LASU with a budget of N7.34bn, Ministry of Education (N6.36bn) and School Committee on Rehabilitation (N6.74bn) #EducationBudget ImageImage
Read 5 tweets
BudgIT Nigeria Profile picture
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!
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
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
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BudgIT Nigeria Profile picture
23 Feb
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
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BudgIT Nigeria Profile picture
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

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