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BudgIT Nigeria

30 Aug, 11 tweets, 5 min read

@nigeriagov

BREAKING

BudgIT launches govspend.ng, a comprehensive portal that provides citizens, CSOs & the media access to visualized & simplified data from @nigeriagov’s Open Treasury Portal.

This platform helps you monitor FG’s treasury reports & real-time expenses.

THREAD

Recall that in December 2019, the Federal Government launched the Open Treasury Portal to increase transparency and accountability in government spending. The portal provides a space for collating data by all Ministries, Departments and Agencies (MDAs) on budget implementation…

financial records and transactions above the threshold of N5 million by MDAs and N10 million by the Office of the Accountant General of the Federation.

While the platform is innovative and commendable, much work is still needed to ensure that the portal achieves its purpose of

@GabsynGreat

improving fiscal transparency in Nigeria, especially in navigation and usability for the public.

While speaking about the platform, @GabsynGreat, BudgIT’s CEO, reiterated BudgIT’s objective for the govspend.ng platform.

“The FG has done a great job in ensuring that the government's daily spendings are in the public domain. However, data on the portal are mostly in non-machine readable formats & not downloadable. We developed the govspend.ng portal to rectify this issue”

While the Open Treasury portal provides public access to collated data on government spendings at the federal level and for MDAs, govspend.ng simplifies and visualises treasury reports uploaded on the portal for citizens and civil society organisations to access,…

monitor and understand Federal Government’s real-time expenditure.

The portal also highlights anomalies that BudgIT discovered on the open treasury website, including payments made to multiple beneficiaries, payments without descriptions, payments made to personal accounts &…

…payments with incomplete information.

“This platform is useful for everyone. Citizens can access information on companies that have been awarded public contracts and amounts paid by MDAs to such companies. At the same time, CSOs can build conversations around govt spendings…

@dammyogundipe

…based on simplified data uploaded on the website. We also hope the media would leverage information on govspend.ng for advocacy and investigative journalism,” said @dammyogundipe, BudgIT’s Communications Lead.

We, therefore, urge citizens, CSOs and the media to ensure that they leverage this portal for demanding transparency and accountability from the government on the usage of public funds. #AskQuestions #govspendng

We also hope that faultlines discovered by BudgIT on the open treasury portal will be standardised by the government, soon. #AskQuestions #GetInvolved #GovspendNG

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BudgIT Nigeria

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In @seunonigbinde's words, BudgIT's vision started with the objective of making the budget available and accessible to the public. "It is really great to see that vision morph into something extraordinary",- he said

"Reaching over 17 million Nigerians and empowering over 150 CSOs in ten years is not a small feat. We have played a major role in defining the landscape of Nigeria's civic-tech space, and we are currently engraving our footprints within Africa's civic-tech space."#10yearsofBudgIT

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8 Sep

Key numbers from the Solid Minerals Sector in 2019

-The sector contributed 0.26% to the total GDP.

-FG earned N74.87billion from solid minerals.

-46.68m tons of solid minerals were sold.

-Limestone contributed 54.92% to the total volume of solid minerals produced.

THREAD

1,296 solid minerals licenses were issued in 2019

A total of 59.82m tons of solid minerals were used/sold during this period. There is a 29.41% increase from the volume sold in 2018.

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BudgIT Nigeria

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6 Sep

ICYMI: Last week, we hosted CSOs from Delta, Enugu, Kaduna and Sokoto to discuss COVID-19 fund management in their states from 2020 to date.

Findings from the engagement revealed gross mismanagement of funds and diversion of palliatives for political purposes👇 #Account4COVID

For instance, N50.13bn was earmarked for COVID-19 response in the Delta State 2020 budget, but only N4.92bn was spent.

Also, the Enugu State PHCDA got zero out of the N1.45bn allocated to it for CAPEX according to the 2020 Financial Statement of the OAG of Enugu State.

Sokoto received N1.17bn as donations from different sources. However, the state govt allocated only N525.47m to COVID-19 related initiatives.

Kaduna state spent just N9.29bn out of its N156.86bn budget for COVID-19 response. #Account4COVID

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BREAKING

Our 2020 Budget Implementation Analysis is out!

Debt servicing wiped off 97% (N3.34tn) of FG's total revenue(N3.42tn) in 2020.

Total expenditure stood at N10.01tn. This means nearly all FG’s salaries, overhead & CAPEX were financed with loans & CBN support.

THREAD

In 2020, FG projected a total revenue of N5.37tn; however, the actual total revenue eventually stood at N3.42tn. This represents a 63.71% revenue performance. #AskQuestions

FG’s revenue from oil had a significant boost.

FG’s budget was anchored on an oil revenue projection of N1.01tn, but as of Dec 31, 2020, actual oil revenue arrived at N1.41tn.

This surpassed the amended oil projections for the 2020 fiscal year #AskQuestions

Read 10 tweets

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7 Jul

@HouseNGR

THREAD

Here are 10 key highlights you should note about the Petroleum Industry Bill #PIB, as passed by @HouseNGR on July 1, 2021.

1. NNPC ltd will carry out petroleum operations on a commercial basis, comparable to private companies in Nigeria carrying out similar activities.

2. Ownership of all shares in NNPC Limited shall be vested in the Government at incorporation and held by the Ministry of Finance Incorporated and the Ministry of Petroleum Incorporated in equal portions on behalf of the Federation.

3. The Ministry of Petroleum Incorporated is hereby incorporated pursuant to the provisions of the Eighth Schedule.

Read 12 tweets

BudgIT Nigeria

@BudgITng

4 May

BREAKING

Our analysis of the #2021Budget reveals over 316 duplicated capital projects totalling N39.5bn, among other loopholes for corruption.

BudgIT also found ZERO audit records of the N10.02tn received by the security sector between 2015 & 2021.

Our press statement:
Thread!

2021 has been a horrifying year for Nigerians concerning security – as the country combats mutating forms of crime and terror – across all its 36 states. This is despite allocating over N10.02tn to security between 2015 and 2021. #AskQuestions

In the 2021 budget, the entire security sector’s allocation was N1.97tn, representing a 14% increase from the N1.78tn allocated in 2020. #AskQuestions

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