ADVERTISEMENT
TechEconomy
Friday, May 9, 2025
No Result
View All Result
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

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

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

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

Techeconomy 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

RelatedPosts

IMF Loan | President Bola Tinubu

Nigeria Repays $3.4bn IMF COVID-19 Loan

May 9, 2025

Airtel Africa Publishes Results for Year Ended 31 March 2025

May 9, 2025

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.

BudgIT logo
United BANK
BudgIT logo

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.

United BANK

“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.”

Loading

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares

Tags: BudgetBudgITNAPIMSNIMASANSPMTinubu
Previous Post

SWL Foundation to Bridge Digital Divide among Children from Low-income Families

Next Post

10 PalmPay Users Win iPhone 15, TECNO Smartphones in Savings Challenge

Techeconomy

Techeconomy

Related Posts

IMF Loan | President Bola Tinubu
Finance

Nigeria Repays $3.4bn IMF COVID-19 Loan

by Latifat Fashina
May 9, 2025
0

Nigeria has completed the repayment of $3.4 billion emergency loan secured from the International Monetary Fund (IMF) in 2020 under...

Read more
Sunil Taldar - Airtel Africa and World Teachers' Day

Airtel Africa Publishes Results for Year Ended 31 March 2025

May 9, 2025
Illicit Funds for Recapitalization | Naira

Naira Continues to Fall in Official Market, Closes at N1,610/$1

May 9, 2025
Professor Benedict Okey Oramah - Afriexim

Afreximbank Boosts Africa’s Creative Industry with $1 Billion Fund

May 8, 2025
Lagos, BOI, Sterling Bank Unveil N10bn Loan Scheme for MSMEs under LASMECO

LASMECO: Lagos, BOI, Sterling Bank Unveil N10bn Loan Scheme for MSMEs

May 8, 2025
cybersecurity levy by CBN and Naira

Naira Tumbles Further across Markets, Hits N1,609/$1 Official Rate 

May 8, 2025
Next Post
PalmPay User Wins

10 PalmPay Users Win iPhone 15, TECNO Smartphones in Savings Challenge

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

CYBERSECURITY ESSENTIALS
byTecheconomy

BUILDING STRONGER NETWORKS AND COMMUNITIES

CYBERSECURITY ESSENTIALS
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Filmmaking and Technology: A chat with Micheal Chineme Ike
June 7, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz
uba

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.