A total of N81.7b was allocated to the construction of solar street lights in the 2023 FG Capital and Constituency projects. This is higher than the total allocation to schools and primary health centers, which gulp N77.9b and N3.1b, respectively, in the budget. #AskQuestions.
The bogus allocation to streetlights is a gross misplacement of priority as Nigeria is also presently littered with non-functional and vandalized streetlights that have stopped working less than two years after their construction. #AskQuestions
Our analysis also discovered that over 687 projects worth N112b were allocated to agencies outside their mandate. The Nigerian Army was allocated N4.5b for the Construction of Dengi-Kwalmiya-Gagdi-Wawus Bauchi Road in Plateau State. #AskQuestions.
The Nigerian Institute of Oceanography & Marine Research was assigned N1.2b across four projects to supply medical equipment to health centers in Ogun State, & N580m was allocated to National Root Crops Research Institute, Umudike, to construct roads & streetlights in Abia State.
We also discovered a 21% reduction in the percentage of empowerment projects this year compared to last year, where N58b of N100b was allocated to empowerment projects in 2022, while N37b of N100b was allocated to empowerment projects in 2023. #AskQuestions
In the 2022 budget expenditure, from govspend.ng, we uncovered N10b in payments made to 18 personal accounts for vague services. #AskQuestions
Amongst them, the Office Of The Special Adviser to the President on Niger Delta directly paid a total of N4b to two personal accounts—N2b to one Dasimaka Adokiye Sami across 12 transactions & N2m to Ebikabowei Victor Ben across 27 transactions.
These payments are a clear violation of section 713 of the Public Sector Financial Regulations, 2009. #AskQuestions
We call on Nigerians to #AskQuestions & probe these anomalies in the 2022 and 2023 budget expenditures.
Elected representatives should perform oversight functions, & ensure the quality implementation of the projects nominated, so that citizens can derive maximum benefits from public funds. #AskQuestions
On Jan 3, @MBuhari signed the 2023 Appropriation Bill of N21.83tn into law, Nigeria’s largest budget in history & the last of his administration. The budget is based on a N10.49tn revenue, and N11.34tn deficit.
From the total revenue of N10.49tn, independent revenue has the highest share of N2.62tn, Non-oil Revenue has N2.43tn, while N2.23tn will be gotten from oil revenue. Retained Revenue from GOEs is N2.42tn, and other revenue will generate N794.13bn. 2/5
Of the N21.83tn budget, recurrent expenditure has the highest allocation of N8.33tn, gulping nearly 40% of the budget. This includes a personnel cost of N5.02tn, overhead cost of N1.11tn, statutory deductions of N967.49bn & pension, gratuity & retirees benefit at N854.81tn…3/5
Is it legal for @nassnigeria to approve the request of the FG to securitize the Ways & Means, which goes against the CBN Act?
Thread!
Since 2015, the FG has asked @cenbank to provide advances to fund its fiscal deficit without any requirement for cost-cutting measures/fiscal control. The law stipulates that such advances should be limited to 5% of the previous year's revenues. This law has not been followed.
Also, Section 38 of the CBN Act mandates the FG to repay all advances made by the CBN to it at the end of the financial year in which the advances were received. Failure to repay the advances in full implies that the FG will not be eligible for further advances by the CBN.
We conducted an analysis on the quality of @nassnigeria’s FG Budget reviews. Our findings point to gross abuse of appropriation powers, fueling inefficiency & waste that contribute to poor service delivery and ineffective economic policy.
1,522 projects with a cumulative cost of N186.61bn were inserted into the #2022budget of @FmardNg. Key allocations to projects that are crucial to achieving the strategic goal of the Nat Devt Plan were drastically reduced to create fiscal space for the @nassnigeria insertions.2/5
Worrisomely, a number of projects in the 2022 approved budget can be directly linked to principal officers of the National Assembly. It would seem that National Assembly members are becoming more emboldened to put their names on public projects funded with taxpayers' money. 3/5
How is the @NigeriaGov improving public procurement? Is SFTAS intervention working?
According to the @WorldBank SFTAS assessment report, only 15 of 36 states met the DLI 6.1 requirement, while 16 met the DLI 6.2 requirement and published data on all contracts awarded.
Thread!
Let’s take a step back to understand open contracting!
Open contracting is a system of procurement that allows disclosure of procurement data at all stages and engagement and feedback from other stakeholders. #FixOurOil
To improve public procurement, the @NigeriaGov created a portal that allows the increase and disclosure of procurement information to all stakeholders to ensure efficient service delivery, improved transparency, and accountability. #FixOurOil
President @MBuhari has proposed a record budget of N20.51tn for the 2023 fiscal year. This is anchored on a revenue projection of N9.73tn & a deficit of N10.78tn. The budget, If approved, will be 19.80% higher than the N17.12tn approved for 2022.
Thread
Of the total N20.51tn, debt service has the highest allocation of N6.31trn, while personnel cost and capital expenditure will gulp N4.99tn & N4.93tn, respectively. N744.11b has been earmarked for statutory transfer, of which the @nassnigeria & @njcNig will receive N159b & N150b.
To finance the budget, the Federal Government projects an oil production of 1.69 million barrels per day at $70 per barrel. The projected GDP growth will be at 3.75% with an exchange rate of N435.57/$ and an inflation rate of 17.16%.
Open contracting is a procurement method that supports feedback and increases competition among potential contractors. It is crucial for transparency purposes and will help prevent fraud and corruption. #FixOurOil
Countries worldwide are adopting open contracting to promote best practices for public procurement disclosures and participation. Nigeria is one of the countries making great efforts to increase contract transparency. #FixOurOil