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Apr 4 • 4 tweets • 4 min read
GOOD NEWS💪

We just signed an MoU with the Nigerian Investment Promotion Commission @nipcng to co-create & develop strategies that support willing states in Nigeria to harness their investment potentials, improve internally generated revenue & boost states’ economic prosperity.
Both parties signed the MoU at the @nipcng office in Abuja, with Mr Emeka Offor, the Ag Executive Secretary, NIPC; Mr Gabriel Okeowo, Country Director, BudgIT; Mrs Patience Okala, Director, Legal Services @NIPCNG & @inniey, Ag Head of Research, BudgIT.
We believe that this partnership will foster sustainable actions toward economic growth and prosperity at the subnational level. #OpenStates #AskQuestions
Both parties also look forward to leveraging their State of States and Book of States research works on Nigerian states to highlight thematic areas for engaging the state governments on issues bothering their investment potentials and capacity. #OpenStates

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More from @BudgITng

BudgIT Nigeria Profile picture
Apr 5
Key figures from the Solid Minerals Sector in 2020

-The sector contributed 0.45% to Nigeria's total GDP.

-Total contribution to total export declined by 89%

-FG earned N128bn from solid minerals

-No evidence of royalty payments from 25 enterprises that exported minerals

🧵 Image
The sector contributed 0.45% to Nigeria’s GDP, while its contribution to the total export declined by 89% in 2020. Image
There was a 19% increase in the volume of solid minerals sold. ImageImage
Read 6 tweets
BudgIT Nigeria Profile picture
Mar 18
Hello Nigerians,

@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.
Read 14 tweets
BudgIT Nigeria Profile picture
Mar 18
BREAKING

Our latest analysis of the #2022Budget reveals that some projects linked to MDAs that cannot execute them are directly connected to @nassnigeria leaders, including Hon. @femigbaja & Sen. @OvieOmoAgege.

We call on NASS to review this and other infractions Now!

Thread!
Another cause for concern is the timeframe within which the 6,576 capital projects were inserted into the budget by legislators. BudgIT has valid concerns on whether the Project Design Documents (PDD) were created as required by the 2022 Budget Public Investment Guidelines.
A poorly designed and costed public sector project is almost destined to fail ab initio and lead to poor value for money for taxpayers.
Read 13 tweets
BudgIT Nigeria Profile picture
Feb 21
THREAD

As we kick off the 2nd phase of #CTAP in 10 African Countries, here are 10 things to expect from BudgT & CODE in the next few months.👇
...

We will enhance the covidfund.africa platform with a digital dashboard that tracks health sector resources.

#Account4COVID
We will mobilise 1.7m Africans to demand health sector accountability, demystify issues regarding vaccine delivery to at least 850,000 Africans & organise capacity building sessions for over 100 CSOs on prioritising vulnerable communities regarding health sector advocacy.

#CTAP
We will also build an alliance with at least 1000 community leaders and cultural influencers, facilitate dialogue sessions between CSOs and the government and expand our communication bandwidth with the civil society and other sectoral partners, among others.

#Account4COVID
Read 5 tweets
BudgIT Nigeria Profile picture
Jan 17
BREAKING

BudgIT identifies 460 duplicated projects totalling N378bn and other corruption loopholes in the #2022budget.

BudgIT also raises alarm on the N67.8m allocated to the Ministry of Environment to “build gun armouries” in 4 states, a project outside its mandate.

Thread!
Our preliminary analysis of the 21,108 capital projects in the 2022 approved budget revealed 460 duplicated projects amounting to N378.9billion. Recall that BudgIT observed 316 duplicated projects in the 2021 FG Budget approved by @nassnigeria. @ICPC_PE verified 257 duplications,
while the Budget Office confirmed the existence of only 185 duplicated projects worth N20.13bn, after which it informed the public that funds were not released for the projects in 2021.
Read 16 tweets
BudgIT Nigeria Profile picture
Nov 29, 2021
FG missed its revenue target for the 6th time after earning N2.31tn from the projected sum of N3.31tn for H1 2021.

Of this amount, debt servicing wiped off N2.O2tn, leaving ONLY N290bn for non-debt recurrent expenses.

How did FG finance its salaries, overheads & CAPEX?

Thread!
The 2021 budget was anchored on an oil revenue projection of N1.01tn as of Jun 2021; however, FG’s share of actual H1 oil revenue stood at N538bn, indicating a 53% performance.

For non-oil revenue, the actual inflow stood at N778bn, slightly above the projection of N744bn.
A quick analysis of other revenue sources reveals that FG recorded ZERO revenue from stamp duties and (Domestic recoveries+Assets+Fines), despite the projections of N250bn and N16.34bn in each category, respectively.
Read 7 tweets

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