fbpx
Sunday, January 26, 2025
3.2 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

Secretary of Defense Pete Hegseth Sworn In, Says ‘Most Important Deployment of My Life’

Secretary of Defense Pete Hegseth was sworn into his...

Abigborodo is the host community, Itsekiri leaders tell SEPLAT

Community leaders in Delta State on Friday denounced the...

Ugbekoko leaders disown Sapele Okpe Community

The leadership of  Ugbekoko Community of Delta State at the...

Op-Ed: As Nigeria’s Supreme Court Prepares for Rivers State Proxy Wars, By Chidi Anselm Odinkalu

Depending on what view one takes of the matter,...

Latest

Abigborodo is the host community, Itsekiri leaders tell SEPLAT

Community leaders in Delta State on Friday denounced the...

Ugbekoko leaders disown Sapele Okpe Community

The leadership of  Ugbekoko Community of Delta State at the...

German ski-jumping duo claims victory in Super Team event in Japan

Agency Report - Germany's ski-jumping duo Selina Freitag and Agnes...

World champion Nolte takes third in monobob World Cup

Agency Report - German world champion Laura Nolte finished third...

Berlin plans aid fund for Christmas market attack victims

Agency Report - The victims of the attack on the...
spot_img

Related Articles

Popular Section

spot_imgspot_img

MORE FROM CHATNEWSTV

Nigerian Stock Market Sees Weekly Turnover of 3.13B Shares Worth ₦76.55B in 61,456 Deals

Agency Report - Investors in the Nigerian stock market traded a total turnover of 3.132 billion shares worth N76.552 billion in 61,456 deals this week...

German parcel industry increasingly using electric vehicles

Agency Report - Bonn, Germany  - Germany's parcel-delivery industry is increasingly using electric transporters to deliver shipments. Leading German logistics firm DHL stated in response to a...

Audi Q6 e-tron Offroad Concept Redefines Electric Adventure

KITZBÜHEL, Austria (CHATNEWSTV) — Audi is electrifying the off-road world with the debut of its Q6 e-tron offroad concept, unveiled during the World Cup...

Okonjo-Iweala Urges Leaders to “Chill” Amid Trade Tensions, Warns of Fragmentation Risks

DAVOS, Switzerland (CHATNEWSTV) — World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala urged world leaders, government officials, and business executives to “just chill” and “take...

Tinubu Names Ganduje FAAN, Gawuna FMBN Chairs

Agency Report - President Bola Tinubu has approved the appointment of Board Chairpersons for 42 federal organisations and a Secretary for the Board of the...

Mbah Urges Diaspora to Invest in Enugu

Enugu State Governor, Dr. Peter Mbah, has urged the Nigeria diaspora community to consider Enugu as their first choice of investment destination, stressing that...

Enugu Govt, Landmark Africa Group Seal Deal to Revamp Nike Lake Resort

The Enugu State Government and the Landmark Africa Group have sealed a deal to revamp and further develop the potentials of Nike Lake Resort,...

Reforming Germany’s debt rules will not solve economic ills — Kukies

Agency Report - Reforming Germany's strict constitutional rules on government borrowing will not solve the country's economic problems, Finance Minister Jörg Kukies said in Davos...

Stanbic IBTC Taps NGX Invest for ₦148.7bn Rights Issue

The Nigerian Exchange Limited, NGX, e-offering platform, NGX Invest, continues to revolutionise capital-raising in Nigeria with the addition of Stanbic IBTC Holdings Plc N148.7...