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Home Economy Finance

Civic Group, BudgIT Uncovers MDAs’ Budget Missing in 2024 Appropriation Bill

…NPA, NAPIMS, NIMASA, NSPM and other Budgets missing

by Techeconomy
December 12, 2023
in Finance
0
2024 Appropriation Bill - Budget
President Tinubu presenting 2024 budget to the join National Assembly session

President Tinubu presenting 2024 budget to the join National Assembly session

UBA
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BudgIT, a leading civic-tech organisation promoting transparency, accountability, and effective service delivery in Nigeria, has raised questions over the proposed 2024 Appropriation Bill presented to the National Assembly by Pres­ident Bola Ahmed Tinubu.

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According to BudgIT, “Recall that in August 2023, we itemised 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.

“Furthermore, the proposed budget’s total sum is N24.08 trillion, indicating a discrepancy of N3.42 tril­lion compared to the N27.5 trillion aggregate budget presented. We suspect that the difference above com­prises the aggregate budgets of the Government-Owned Enterprises. To this effect, the Government-Owned En­terprises’ proposed revenue and expenditures require dis­aggregation. The revenues and expenditures of several Government-Owned Enter­prises have historically been absent from formal budget presentations.

“Former President Mu­hammadu Buhari promised to ensure not only the bud­gets of all MDAs and GOEs are present in the annual ap­propriation bill but also that their budgets are defended and assented to publicly. This was not implemented before the end of his tenure, and the Tinubu administration has carried on in this regard. This also indicates the need for more Government-Owned Enterprises’ budget imple­mentation reports.

“A detailed analysis of the budget also reveals du­plications in allocations, particularly in renovating the President’s and Vice President’s quarters. The Federal Government made provisions for a cumulative sum of N8 billion (N4 billion each) through the 2023 sup­plementary budget for reno­vating the President’s official quarters in Aso Rock Villa and Dodan Barracks.

“Surprisingly, an addition­al N500 million has been allocated to the renovation of the President’s quarters in Aso Rock Villa, even as N5 bil­lion has been earmarked for the renovation of the Pres­ident’s quarters in Dodan Barracks. Similarly, the Vice President’s quarters in Lagos and Abuja, which got a cumu­lative sum of N5.5 billion in the 2023 supplementary bud­get for renovation, equally got allocations of N4 billion, N300 million, and N5 billion each in the 2024 budget.”

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