Yesterday, we had the pleasure of hosting @mrmacaronii at our press conference. Facilitating increased citizen-led engagements & advocacy is critical to our next phase, and we're glad he's giving his support for future collaborations.
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
"Leadership is service, selflessness and sacrifice through accountability and discipline. The people's interests should always come first, and I am happy to always speak up for those interests." - @mrmacaronii
"BudgIT's work is exceptional. Beyond their advocacy, I saw that there was a process for demanding accountability and seeing it through. This is commendable"- @mrmacaronii
"BudgIT in the next ten years should be the kind that sits on the policy advisory board of governments and institutions. We also look forward to applying machine learning and AI to the work that we do" - @seunonigbinde@josephagunbiade
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.
Thread!
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%)…
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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#AskQuestions
…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.
🗣️ @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.
Thread!
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;
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.
PRESS STATEMENT
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#Budget2024NG
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.
The Fiscal Options & Post-election Governance series was an interesting exploration of Nigeria's economic opportunities in the current post-election environment. From insightful discussions to eye-opening presentations; here are a few takeaways!
BudgIT’s Global Director, @seunonigbinde in his introductory remark emphasized that the fiscal business series will set the tone for issues & reforms on the cost of governance, macro economic fundamentals, social spending, & expenditures on health and education in Nigeria.
“Nigeria is a democratic country limited by the political terms of a 4 year cycle. BudgIT believes that Nigeria cannot find progress and opportunities if it does not reposition its thinking to a long-term process devoid of this political cycle.” - @seunonigbinde