Last week, we engaged state and non-state actors of the Abuja Municipal Area Council (@AmacLg) in a 1-day capacity building workshop on how to leverage participatory budgeting for implementing OGP’s local action plans effectively.
The workshop, which was aimed at strengthening @OpenAllianceNG in the OGP process, focused on 4 main areas including, how to reach the underserved communities through participatory budgeting and the role of legislators in participatory budgeting.
In his remark, @AdamuCandido noted that his administration is an all-inclusive govt which informed the council’s drive towards signing up for OGP in 2020, making it the only LG in Nigeria to be a member of OGP.
It was a pleasure to host the Executive Chairman of @AmacLg, @AdamuCandido, 12 @AmacLg legislators, representatives from the budget office and community champions from the 12 wards in @AmacLg at the event.
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We have combed the 2168-page 2022 budget document, & we found ZERO breakdown of the N198billion oil company payments to NDDC.
Our analysis also reveals critical issues of unrealistic revenue targets, soaring year-on-year debt burden and weak accountability structure.
THREAD!
The omission of NDDC’s entire capital budget allocation from the proposed 2022 budget and public scrutiny is a source of concern, especially given the scale of alleged corruption and diversion of public funds that has afflicted this federal agency since its inception.
NDDC receives an average of N198.7 billion per year from the operating budgets of oil companies (between 2016 and 2018) in addition to the annual Statutory Transfers it receives from the federal government (the latter which is projected to be N98.7bn in the 2022 budget).
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
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
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