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Home Economy Finance

Nigeria Government Discontinues Budgetary Allocations to Professional Bodies

by Justice Godfrey Okamgba
June 29, 2023
in Finance
0
Government Discontinues Budgetary Allocations to Professional Bodies
Ben Akabueze, Director General of the Budget Office for the Federal Republic of Nigeria.
UBA
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Federal Government of Nigeria has approved the discontinuation of budgetary allocations to professional bodies and councils starting from December 31, 2026.

The decision was communicated through a letter issued by the Budget Office of the Federation, signed by the Director General, Akabueze Ben, and addressed to the Registrar of the Nigerian Council of Food Science and Technology, an agency under the Federal Ministry of Science, Technology, and Innovation.

According to the letter, the professional bodies and councils affected by this directive will be considered as self-funded organizations. As a result, they will be fully responsible for their personnel, overhead, and capital expenditures.

The letter further mentioned that the decision to discontinue the budgetary allocation to these organizations was based on the recommendations of the Presidential Committee on Salaries.

The article mentions that several ministries will be affected by this decision, including the Ministry of Trade and Investment, the Ministry of Information and Communication, the Ministry of Agriculture and Rural Development, the Ministry of Transport, the Ministry of Mines and Steel, the Ministry of Justice, the Ministry of Works and Housing, and the Ministry of Environment.

Some of the specific professional bodies and councils mentioned in the article include the Teachers Registration Council of Nigeria, the Computer Registration Council, the Librarians Registration Council, the National Education Research and Development Council, the Mass Literacy Council, the National Examination Council, the West African Examination Council (Local and International), the Nursing and Midwifery Council, the Pharmacist Council of Nigeria, the Medical and Dental Council of Nigeria, the Medical Laboratory Science Council of Nigeria, the Environmental Health Council of Nigeria, the Nigeria Press Council, the Council for the Regulation of Freight Forwarding in Nigeria, the Council of Nigerian Mining Engineers and Geosciences, the Veterinary Council of Nigeria, the Council for the Regulation of Engineering in Nigeria, the Survey Council of Nigeria, the Legal Aid Council, the Council of Legal Education, the National Automotive Design and Development Council, the Nigeria Export Promotion Council, the Financial Reporting Council of Nigeria, the Nigeria Investment Promotion Council, and the Nigerian Council of Food Science and Technology.

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  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

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