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2024 BUDGET IMPLEMENTATION: WHERE IS THE EVIDENCE?

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2024 BUDGET IMPLEMENTATION: WHERE IS THE EVIDENCE?

By: Victor Emejuiwe

In a bid to assuage protesters during the course of the #EndBadGovernance protest, President Bola Ahmed Tinubu while addressing Nigerians in a live broadcast recounted the actualization of half of its revenue generation target for 2024 as one of the major achievements of its administration.

According to the President, aggregate government revenues have more than doubled, hitting over 9.1 trillion in the first half of 2024 compared to the first half of 2023, due to its efforts at blocking leakages, introducing automation and mobilizing funding creatively.

Recall, the 2024 budget which was tagged “the budget of renewed hope”, had an aggregate expenditure of 27.5 trillion naira, with a non-debt recurrent expenditure put at 9.92 trillion naira while debt service is projected to be 8.25 trillion naira and capital expenditure at 8.7 trillion naira. Out of the total sum of 27.5 trillion, the government was meant to realize 18.3 trillion naira from internal sources and to be left with a deficit of 9.18 trillion naira. Judging from past trend, this feat is a welcome development because the past government under former President Buhari, consistently failed to realize its revenue target, rather it incurred more deficit and results to funding the greater percentage of the budget on borrowings.


Despite this achievement by the Tinubu administration, it is ironical that Nigerians cannot point to any evidence of positive developmental transformation or changes in the livelihood of people as a result of the revenue generated in the first half of the year. Such quantum of money realized are expected to be deployed through budget releases to MDAs for the funding of critical infrastructural projects and programs under the renewed hope agenda.

Unfortunately, there are no evidences of projects embarked upon by most MDAs. Upon enquiries, most of the MDAs have complained of lack of budgetary releases to implement approved capital projects under their domain. Meanwhile, in the face of the current hunger plaguing families and homes in Nigeria due to the removal of fuel subsidy, the President had promised to utilize the budget to restore hope to Nigerians.


Amongst the promises of Mr. President, is to provide a massive social security programs for Nigerians, implement critical infrastructural projects, reduce poverty and hunger by boosting food production and providing security in the farming areas, invest in renewable energy etc.

Judging from these promises, little can be said to have been achieved because infrastructural projects across the country still remain at a very critical state. Notable routes like the east-west road and roads traversing between Lokoja in the North central and the South East to mention but a few, still remain un-motorable. On the social security programs such as the presidential conditional grant scheme, where promises were made to reach one million businesses in the 774 local government areas, and such other programs, there is lack of transparency and accountability on how the beneficiaries of these programs where selected.

Nigerians are very much aware that the current social register being utilized by the country to cater for the poorest of the poor cannot be trusted due to the corruption cases recorded and reported in the use of the register. There is no evidence of cleaning the register or producing a new one.


Also, Nigerians are fully aware that the president has presented up to three supplementary budgets since assuming office to the National Assembly, yet there are no visible projects to cushion the effects of the subsidy removal on Nigerians. It was only recently, that the President launched the 33 powered CNG buses amongst high demand for CNG powered vehicles in Nigeria. It is the expectations of Nigerians that by this time, the Federal Government would have established partnerships with investors to establish numerous CNG assembling plants across the country and facilitate the importation of CNG powered vehicles to be distributed to Nigerians at subsidized rate. Nigerians also expected the Federal Government to have deployed funds to fix our moribund refineries and getting it to work at optimal capacity so that the country can stop the importation of refined petroleum products.


Most worrisome is the fact that the budget office of the federation has been failing on its duty to upload budget implementation reports on its website, the last report on the BOF website is that of third quarter of 2023. The failure of the budget office to account for a round of four quarters implementation report of the 2024 budget, makes it difficult for well-meaning Nigerians to assess Mr. President’s performance based on his statement on revenue realized.


In conclusion, as the nation forges ahead to attain its fiscal targets, the utilization of these resources should be apportioned transparently in such a manner that would be evidential in the social wellbeing and developmental outcomes of Nigerians.

Victor Emejuiwe

Monitoring Evaluation/Strategic Communication Manager
Writes from Centre for Social Justice, Abuja
08068262366
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Shehu Dikko Endorses President Tinubu for Second Term

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Shehu Dikko Endorses President Tinubu for Second Term

By Comrade Philip Ikodor

Abuja, Nigeria – The Chairman of the National Sports Commission (NSC), Shehu Dikko, has called on Nigerians to support President Bola Ahmed Tinubu’s bid for a second term in office come 2027. Dikko made this assertion at the Grand Endorsement event of President Tinubu’s re-election, organized by the National Progressive Hub (NPH), a prominent support group of the All Progressives Congress (APC), held at the Shehu Yaradua Center in Abuja.

Dikko, who hosted the event, highlighted the achievements of the Tinubu administration, including the establishment of the National Sports Commission, which has driven reforms and innovations in sports administration in Nigeria. He also commended the President’s industrial revolution drive, which has led to economic stability and development.

“President Bola Ahmed Tinubu is a great leader committed to positioning Nigeria as a leading nation. His bold economic policies and interventions have yielded positive results,” Dikko said. He also praised the President’s recent executive bill, which mandates key institutions to remit generated revenue directly to government coffers, calling it a significant step towards economic development.

The event also featured the formal inauguration of the 36 state coordinators and the FCT of the National Progressive Hub (NPH) and the unveiling of the Roadmap Framework for strategic grassroots engagement towards the APC’s victory in 2027.

The NPH, a leading APC support group, has thrown its weight behind President Tinubu’s re-election bid, citing his remarkable achievements and commitment to Nigeria’s development. The group is set to mobilize support for the President across the country, leveraging its extensive network and grassroots presence to ensure a landslide victory for the APC in 2027.

The NPH’s endorsement is seen as a significant boost to the President’s re-election campaign, and a testament to his growing popularity and influence among Nigerians.

Shehu Dikko Endorses President Tinubu for Second Term

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FG Moves To Democratise Credit Access, Inaugurates CREDICORP Board

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FG Moves To Democratise Credit Access, Inaugurates CREDICORP Board

We’re targeting 50% of working population by 2030, says VP Shettima

By: Our Reporter

The Vice President, Senator Kashim Shettima, has inaugurated the Board of the Nigerian Consumer Credit Corporation (CREDICORP), saying access to consumer credit is critical to Nigeria’s ambition of becoming a one-trillion-dollar economy.

According to him, President Bola Ahmed Tinubu established the CREDICORP to build a trusted credit infrastructure, provide catalytic capital to lower borrowing costs, and help Nigerians overcome long-standing cultural resistance to credit.

Speaking on Thursday in Abuja when he inaugurated the Board on behalf of the President, the Vice President said that the quality of life of Nigerians cannot improve without closing the gap between access to capital and human dignity.

“A civil servant who earns honestly does not have to chase sudden wealth just to buy a vehicle, or save for ten years to buy one. A young professional should not remain in darkness simply because solar power must be paid for all at once,” the Vice President said.

VP Shettima disclosed that in just one year of operations, CREDICORP has disbursed over ₦37 billion in consumer credit to more than 200,000 Nigerians, with over half of them accessing formal credit for the first time.

The Vice President said the organisation is specifically tasked with building credit infrastructure to bridge the trust gap between lenders and borrowers, providing wholesale capital and credit guarantees through its portfolio company.

“Ultimately, these critical jobs of CREDICORP will enable access to consumer credit to at least 50 per cent of working Nigerians by 2030,” he said.

The Vice President explained that the new board’s role is not ceremonial as they are custodians of the organisation’s mission, adding that the long-term strength of the institution would depend on their “vigilance, integrity, sacrifice, and commitment.”

He directed Board members to uphold Public Service Rules, the Board Charter, and all applicable governance frameworks, warning that accountability and stewardship of public resources were non-negotiable.

Earlier, Chairman of CREDICORP, Otunba Aderemi Abdul, expressed appreciation to President Tinubu for his vision behind the formation of CREDICORP and for the confidence reposed in them, noting that the establishment of Corporation marked an important step towards strengthening the nation’s financial architecture.

He assured President Tinubu that the board understands its responsibility and will guide the institution to deliver meaningful benefits to Nigerians.

For his part, Engr. Uzoma Nwagba, Managing Director/CEO of CREDICORP, recalled watching President Tinubu saying 20 years ago that consumer credit is one of the major tools that will improve the lives of Nigerians.

He noted that over the past 18 months, the institution has benefited more than 200,000 Nigerians, including students.

He assured that the presidential vision behind CREDICORP would not be taken lightly, as the team considers their appointments a unique, once-in-a-lifetime opportunity.

Other members of the board inaugurated include Olanike Kolawole, Executive Director, Operations; Aisha Abdullahi, Executive Director, Credit and Portfolio Management; Dr. Armstrong Ume-Takang (MD, MoFI), Representative of MoFI; Engr. Bisoye Coke-Odusote (DG, NIMC), Representative of NIMC; and Mohammed Naziru Abbas, Representative of FMITI.

Others are Marvin Nadah, Representative of FCCPC; Chinonyelum Ndidi, Representative of the Federal Ministry of Finance; Mohammed Abbas Jega, Independent Director; and Toyin Adeniji, Independent Director.

FG Moves To Democratise Credit Access, Inaugurates CREDICORP Board

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NAPTIP, UK Government Rally Against Rising Trafficking into Southeast Asia Scam Centres

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NAPTIP, UK Government Rally Against Rising Trafficking into Southeast Asia Scam Centres

By: Michael Mike

The National Agency for the Prohibition of Trafficking in Persons (NAPTIP), in collaboration with the British High Commission Abuja, has amplified the voices of trafficking survivors in a bold move to confront the fast-growing crisis of cyber-enabled scam operations across Southeast Asia.

At a landmark survivor-centred forum held in Abuja on Monday, stakeholders gathered under the theme, “Confronting the Global Scam Centre Crisis: Perspectives of Nigerian Survivors,” to spotlight the emerging pattern of Nigerians being lured abroad with fake job offers and forced into criminal cyber-fraud networks.

The event featured testimonies from recently repatriated Nigerians who were trafficked to Myanmar, Laos, Cambodia and Thailand, where they were compelled to operate sophisticated online scam schemes under harsh, exploitative and often abusive conditions.

The programme followed a coordinated rescue effort involving NAPTIP, the Nigerian Ministry of Foreign Affairs, the Nigerian Embassy in Bangkok, the British NGO EDEN, and the International Organization for Migration (IOM). Their joint intervention — including cross-border triangulation at the Thai–Myanmar frontier and welfare visits to detained Nigerians at Bangkok’s Immigration Detention Centre — led to the safe return of 23 survivors earlier this month.

Global data underscore the severity of the crisis. According to the Office of the United Nations High Commissioner for Human Rights (OHCHR) 2026 report titled “A Wicked Problem,” credible estimates indicate that at least 120,000 individuals are currently trapped in forced scam operations inside Myanmar alone, with figures exceeding 300,000 across Southeast Asia. The report notes that victims identified originate from at least 66 countries, and that between 2020 and 2025, 74 percent of known victims trafficked into scam centres were taken to Southeast Asia after being promised lucrative employment.

Speaking at the event, the UK Deputy High Commissioner to Abuja, Gill Lever, said the forum was designed to centre survivors’ voices and ensure their experiences inform prevention and response strategies.

“We are here to listen to survivors who have shown remarkable bravery in sharing their experiences,” she said. “The UK is working closely with Nigerian authorities and partners to ensure trauma-informed care, safe repatriation and stronger safeguards against this rapidly evolving threat.”

Representing the Director-General of NAPTIP, Mrs. Kehinde Akomolafe, the agency’s Director of Public Enlightenment, described the accounts as a stark reminder of the cruelty underpinning modern trafficking networks.

“The courage these survivors have shown is extraordinary,” she said. “Their experiences expose the brutal reality of trafficking into scam centres — a crime that strips individuals of their dignity, autonomy and freedom. NAPTIP remains resolute in protecting Nigerians from this growing menace and strengthening collaboration with international partners.”

One survivor recounted being promised a legitimate job opportunity abroad, only to be trapped in a high-security compound and coerced into online fraud under constant surveillance and threats.

“I was promised opportunity and a better life,” the survivor said. “Instead, I lived in fear and was forced to do things against my will. I am speaking out so other Nigerians can recognise the warning signs. No one should go through what we endured.”

Stakeholders at the forum called for intensified public awareness campaigns, tighter scrutiny of overseas recruitment channels, enhanced intelligence-sharing among Commonwealth partners and stronger victim-protection frameworks.

As cyber-enabled trafficking networks expand across borders, Nigerian and UK authorities signalled that survivor-led advocacy will remain central to dismantling scam syndicates and preventing further exploitation.

NAPTIP, UK Government Rally Against Rising Trafficking into Southeast Asia Scam Centres

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