Politics
BUDGIT, a leading civic-tech organization promoting transparency, accountability, and effective service delivery in Nigeria, has raised concerns over the proposed 2024 Appropriation Bill presented to the National Assembly by President Bola Ahmed Tinubu. Recall that 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.
One significant observation is the absence of crucial budget breakdowns from the National Assembly, Government-Owned Enterprises, and some Ministry Departments and Agencies in the 2024 budget proposal. For instance, there is no breakdown of the National Assembly, the Niger Delta Development Commission and the North East Development Commission’s budget.
For emphasis, the budgets of key revenue-generating government entities—including the Nigeria Ports Authority, Nigeria Customs Service, Nigerian Maritime Administration and Safety Agency, NiMASA, National Petroleum Investment Management Services, NAPIMS, Nigerian Security Printing and Minting Plc (NSPM), to mention a few—are conspicuously missing from the proposed 2024 budget presented to the National Assembly.
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-December 12, 2023 @ 16:45 GMT|
Tags: BUDGIT NIMASA President Bola Ahmed Tinubu.
