@nassnigeria plans to allocate N1.45bn to NSPRI & NCAM, two agencies in Ilorin, to construct the "Femi Gbajabiamila Public JSS" in Lagos.
Both agencies have no business supervising the staffing of a school in Lagos when the country has a @nigeducation.
Thread!
We also found a N1bn allocation to the Nigerian Institute of Marine & Oceanography to install street lights in Delta Central Senatorial District, represented by Senator @OvieOmoAgege.
We would like to state that the provision of street lights is outside this agency's mandate.
N200m was allocated to the Industrial Arbitration Panel to install streetlights in Yobe North Senatorial District, represented by the Senate President, Hon. @AhmedLawan_019.
Again, this agency & others have no mandate to implement contracts for which they have allocations.
Equally worrisome is the N20.87bn allocation to the State House HQ to construct the presidential wing at the statehouse medical centre. Meanwhile, the @NphcdaNG, an agency with over 27000 Primary Healthcare Centres under its care, got the same N20.87bn for its capital budget.
Speaking of other projects outside MDAs' mandates, the Federal College of Dental Technology & Therapy, Enugu got an allocation of N150m to renovate selected blocks of classrooms in Ikirun, Osun State.
Why?
The Federal Polytechnic, Ukana, Akwa Ibom, also had an allocation of N100m to fund medical outreach and provide prescription glasses in Ogunoloko, Oshodi/Isolo, Lagos.
Also, N500m was earmarked to the Federal Polytechnic, Uromi, to supply motorcycles to 5 LGAs in Cross River.
Also worrisome is the numerous recurrent items classified under CAPEX.
E.g, the N100m allocated to the Federal Ministry of Transport for the annual retreat of Hon. Ministers & the N41.5m earmarked for NACA's board meeting activities were captured under CAPEX.
This is not all, numerous meetings were also classified under CAPEX.
Instances - N28.9m allocated to the Federal Ministry of Info for quarterly interaction meetings with foreign media, & the N48.8m allocated to the same ministry to attend Ministers' conference in Edinburgh.
On duplicated projects,
We found 155 project line items that occurred more than once within the same agency or an external agency - and 306 capital projects that had their otherwise unique identifiers (ERGP Codes) duplicated across multiple projects.👇
Another instance is the N20.5bn earmarked for Multilateral/Bilateral project-tied loans and the N20m earmarked for the supply of computer and generators to selected schools in Bayelsa.
Both line items were linked to the same ERGP code.
Please note that flagging projects in this specific category is not necessarily a commentary on the importance of that project. It is to emphasize that what citizens think is going to be FG’s total spending on capital infrastructure...
- as announced by the federal government - is indeed not the case as a significant number of projects listed as CAPEX are indeed not infrastructure
investments.
BudgIT is aware that the budget is currently with the National Assembly for review.
We call on the citizens, CSOs, private sector, and the international community to urgently prevail on the National Assembly and Presidency…
…to immediately redress and eliminate these violations in the FG’s 2022 Approved Budget to ensure public funds work for all Nigerians and not for a privileged few politicians.
According to the 2023 Fiscal Accounts Report of the Accountant General of the Federation, Nigeria's Federal Government made a revenue of N5.99tn, spent N19.50tn, and recorded a deficit of N13.50tn—225% of the total revenue.
What does this mean? The government spent more than three times what it earned in revenue
Thread!
#AskQuestions
#BIR2023
Where did the revenue come from?
N3.80 trillion came from the Federation Account Allocation Committee (FAAC), FG share of independent revenue raked in N1.98tn, the FG share of the Federation Account contributed N2.39tn, exchange rate differences was N715.75bn, while VAT added N441.87bn.
How was the money spent?
Debt servicing accounted for 43.9% of the budget at N8.56tn—the largest single expense. Non-debt spending took up 27.8% at N5.42tn, while capital expenditure was 23% at N4.49tn.
🗣️🗣️ It is worrisome that the Federal Government is drafting a 2024 Supplementary Budget to be implemented alongside the 2023 Approved Budget, 2023 Supplementary Budget, and 2024 Approved Budget.
FOUR budgets at once—an unprecedented anomaly.
Thread
Press Statement!
Recall that the 2023 Approved Budget of N21.83 trillion, signed into law by President @MBuhari in January 2023, was designed to run for 12 calendar months from January to December, as is the practice globally.
In addition, while the 2024 Appropriation Bill was being drafted, the 2023 Supplementary Budget of N2.17 trillion was passed by the National Assembly and assented to by President @officialABAT barely two months before the end of the 2023 fiscal year.
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…
Thread!
#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
Thread!
#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.