Wednesday, February 19, 2025
-3.8 C
Tallinn

BudgIT Flags Irregularities, Omissions in 2025 Proposed Budget

ABUJA — Civic-tech organization BudgIT has raised concerns over alleged omissions, irregularities, and a lack of transparency in the 2025 federal budget, urging the National Assembly to prioritize national interest during its review.

In a statement signed by its communications associate, Nancy Odimegwu, BudgIT highlighted missing budgetary provisions for key ministries, departments, agencies, and parastatals, including the National Judicial Council (NJC) and the Tertiary Education Trust Fund (TETFUND).

“We have observed that the 2025 FG proposed budget submitted to the National Assembly for review and approval and published on the Budget Office website omits funding for the Lagos-Calabar Coastal Road as well as the budget breakdown of some MDAs, commissions, and councils, such as the National Judicial Council [N341.63 billion] and TETFUND [N940.5 billion],” the statement said.

BudgIT also noted that budgets for over 60 government-owned enterprises, including the Nigeria Ports Authority, Nigeria Customs Service, and the Nigerian Maritime Administration and Safety Agency (NIMASA), were excluded.

The organization criticized the government’s fiscal planning, pointing out a pattern of missed macroeconomic assumptions in previous budgets.

“Such discrepancies pose serious fiscal risks, leading to severe budget financing challenges,” the statement read.

Additionally, BudgIT expressed disapproval of President Bola Ahmed Tinubu’s reviewed retirement benefits for retired military chiefs, which include bulletproof SUVs, fully paid foreign medical treatments, $20,000 as estacode for medical trips, and domestic help payments.

“These provisions contradict the president’s commitment to reducing the cost of governance,” BudgIT said. “Such allowances inflate the budget, widen the fiscal deficit, and may demoralize lower-ranking military personnel, who lack adequate health insurance and retirement benefits despite their higher exposure to combat risks.”

The organization called on lawmakers to scrutinize the budget with diligence and prioritize transparency and accountability.

“As the National Assembly reviews the 2025 Proposed Budget, we appeal to the 360 Honourable Members of the House of Representatives and 109 Distinguished Senators of the Nigerian Senate to prioritize national interest over personal or parochial considerations,” Odimegwu added.

Hot this week

Von der Leyen Reaffirms EU’s Commitment to Ukraine, Pledges Continued US Coordination

BRUSSELS — European Commission President Ursula von der Leyen...

Atiku Warns Tinubu Against Interfering in State Affairs

ABUJA — Former Vice President Atiku Abubakar has cautioned...

NASS transmits Investments and Securities Bill to Tinubu for assent

Agency Report - The National Assembly has transmitted the Investments...

SSS Threatens Legal Action Against Channels TV, AIT Over Lagos Assembly Report

ABUJA — Nigeria’s State Security Service (SSS) has threatened...

UBA Group Champions Peace In Africa With Landmark $500k Donation To AU Peace Fund

Africa’s Global Bank, United Bank for Africa (UBA) Plc...

Latest

Atiku Warns Tinubu Against Interfering in State Affairs

ABUJA — Former Vice President Atiku Abubakar has cautioned...

NASS transmits Investments and Securities Bill to Tinubu for assent

Agency Report - The National Assembly has transmitted the Investments...

SSS Threatens Legal Action Against Channels TV, AIT Over Lagos Assembly Report

ABUJA — Nigeria’s State Security Service (SSS) has threatened...

I’m a Mad Man Receiving Treatment at a Psychiatric Hospital — Portable

Controversial singer Habeeb Okikiola, better known as Portable, has...

Ned Nwoko Dismisses Marriage and Paternity Rumors Involving Chika Ike

Ned Nwoko, senator representing the Delta North senatorial district,...

Police Declares Portable Wanted

The Ogun State Police Command has declared controversial singer,...
spot_img

Related Articles

Popular Section

spot_imgspot_img

MORE FROM CHATNEWSTV

NASS transmits Investments and Securities Bill to Tinubu for assent

Agency Report - The National Assembly has transmitted the Investments and Securities Bill, 2024 to President Bola Tinubu for assent. The Chairman, Senate Committee on Capital...

UBA Group Champions Peace In Africa With Landmark $500k Donation To AU Peace Fund

Africa’s Global Bank, United Bank for Africa (UBA) Plc demonstrated its commitment to fostering peace and stability across Africa with a landmark donation of...

Trump Pushes ‘Reciprocal Tariff’ Policy, Calls for Fair Trade

WASHINGTON (CHATNEWSTV) — Former President Donald Trump announced a new trade policy proposal Monday, vowing to impose a "RECIPROCAL Tariff" on foreign nations, charging...

German economy at serious risk from US tariffs, central bank warns

Agency Report - Frankfurt  - The German economy is seriously threatened by US President Donald Trump's planned tariffs, the country's central bank warned again on...

Aggregate German savings high, but many have none at all

Agency Report - Frankfurt  – Aggregate German household wealth may have reached new highs, but almost a quarter of all households have no savings whatever, according...

SERAP gives CBN 48 hours to withdraw ‘unlawful, unfair hike in ATM transaction fees’

Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, to use his "leadership position...

ANLCA Eastern Zone Congratulates Newly Elected Chapter Executives, Calls for Unity and Collaboration

The Eastern Zonal Executive, Chapter Chairmen, Executives, and esteemed members of the Association of Nigerian Licensed Customs Agents (ANLCA) Eastern Zone extend their heartfelt...

LAMATA Hikes BRT Fares

Lagos Metropolitan Area Transport Authority (LAMATA) has increased the fare for the Bus Rapid Transit better known as BRT. A notice posted by LAMATA on...

Elumelu Foundation Partners UAE To Support African Entrepreneurs With $5k Capital

Tony Elumelu Foundation (TEF) has signed a $6 million agreement with the United Arab Emirates (UAE) office of development affairs to support African entrepreneurs. In...