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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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President Tinubu Commends Zulum over dividends of Democracy even as he commissions new projects in Borno

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President Tinubu Commends Zulum over dividends of Democracy even as he commissions new projects in Borno

By: Bodunrin kayode

President Bola Tinubu on Saturday commended Prof Umara Zulum for doing a good job even as he delivers series of new project for his people.

The President who made the remarks during the commissioning ceremony of several projects performed separately, commended Governor Zulum for his transformative leadership which is really touching the lives of the people.

“I congratulate the Governor and the people of Borno State for this transformation. Government is all about people, and Professor Zulum is doing a very good job of caring for people.” Said Tinubu.

Tinubu had Commissioned three newly constructed mega schools and a fleet of 620 fully electric vehicles and tricycles delivered by the Governor of Borno State, Professor Babagana Zulum.

The President highlighted the projects as tangible evidence of effective governance and a blueprint for holistic state development needed in times like these.

The commissioned schools include: Mafoni Day Secondary School, Bola Ahmed Tinubu Government Day Secondary School and Mafoni Primary School.

They are part of Governor Zulum’s ambitious 104 Mega School Initiative designed to drastically improve access to quality education and rebuild the sector after over a decade of insurgency.

Each of the school complexes is equipped with modern classrooms, laboratories, libraries, sports facilities and an administrative complex to create a conducive learning environment.

Earlier, the President had also commissioned the international terminal of the Muhammadu Buhari International Airport, Maiduguri, in preparation for the commencement of international operations.

Responding to the President’s gesture Zulum expressed gratitude for the federal government’s support and reiterated his administration’s commitment to rebuilding Borno’s infrastructure, economy and human capital.

President Tinubu concluded his state visit by attending the wedding ceremony of the son of the former Borno State Governor Senator Modu Sheriff’s, conducted at the Maiduguri Central Mosque in front of the Palace of the Shehu of Borno state.

The event was attended by state government officials, traditional rulers community leaders and a group of federal officials in the Presidential convoy.

President Tinubu Commends Zulum over dividends of Democracy even as he commissions new projects in Borno

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Tinubu’s Procurement Reforms, a Turning Point for National Economic Growth – NEFGAD

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Tinubu’s Procurement Reforms, a Turning Point for National Economic Growth – NEFGAD

By: Michael Mike

The Network for the Actualization of Social Growth and Viable Development (NEFGAD), a frontline public procurement advocacy group, has commended President Bola Tinubu for the bold, visionary, and far-reaching reforms outlined in his presentation of the 2026 Appropriation Bill to the National Assembly.

NEFGAD particularly commended President Tinubu’s remarks on public procurement at the presentation of the budget, stating that the President’s statement underscores the administration’s unwavering commitment to transparency, efficiency, and prudent management of public resources.

In a statement signed by the organisation’s acting head of office, Barrister Unekwu Ojo, and made available to journalists on Saturday, NEFGAD lauded the President’s disclosure that the Federal Government commenced a comprehensive procurement reform framework from November last year, describing it as a decisive shift toward strengthening due process, reducing waste, and enforcing accountability across Ministries, Departments, and Agencies (MDAs).

The statement noted that the reforms have demonstrably shortened procurement processing timelines, enhanced compliance, and strengthened sanctions against erring contractors and public officials, setting a new benchmark for governance and fiscal prudence.

The group said that November 2024, the period referenced by Mr. President, coincides with the assumption of office of the Director-General of the Bureau of Public Procurement (BPP), Dr. Adebowale Adedokun, and established beyond doubt, that the procurement reforms acknowledged by Mr. President are being driven and implemented under the leadership of Dr. Adedokun, in alignment with the policy direction of the Tinubu administration.

Of particular significance is the President’s emphasis on the Nigeria First Policy, which mandates MDAs to prioritize Nigerian-made goods and local companies in public procurement, NEFGAD described this policy as a strategic intervention aimed at deepening local content, stimulating domestic industries, creating jobs, encouraging innovation, and reducing Nigeria’s over-reliance on imports, and emphasised that procurement is no longer a mere administrative process but a powerful instrument for national economic development and industrial growth.

Ojo further commended the remarkable achievement of the Bureau of Public Procurement under Dr. Adebowale Adedokun, which has recorded over ₦1 trillion in savings within just one year through enhanced price intelligence and benchmarking mechanisms.

She insisted that: “This figure is larger than the cumulative savings recorded by the BPP in 17 years from 2007 to 2024 before Dr. Adedokun’s assumption of office, marking the most significant cost-saving milestone in the history of the Bureau and perhaps in the entire continent by any government in a single budget cycle.”

NEFGAD observed that these gains are a clear demonstration that Nigeria’s procurement system is entering a new era defined by efficiency, national interest, and sustainable economic growth. The organisation stressed that while the achievements are commendable, sustained reforms must be safeguarded through strict adherence to due process, impartial enforcement, and continuous transparency.

The group called on all stakeholders, including MDAs, civil society organisations, and the media, to actively engage in monitoring the implementation of procurement reforms, ensuring that the Nigeria First Policy achieves its intended goals without being hijacked by vested interests or manipulated for political patronage.

NEFGAD also urged the government to institutionalise best practices, consolidate savings, and expand the culture of accountability, warning that the long-term success of the reforms hinges on consistent oversight, robust regulatory frameworks, and unwavering political will.

According to NEFGAD, the ongoing transformation of Nigeria’s procurement landscape is not only a victory for public finance management but also a template for good governance that other sectors can emulate. The organisation reiterated its commitment to supporting the government’s reform agenda through advocacy, capacity building, and independent monitoring, emphasizing that procurement must continue to serve as a strategic driver of economic development, job creation, and national prosperity.

Tinubu’s Procurement Reforms, a Turning Point for National Economic Growth – NEFGAD

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China-Nigeria Trade Volume Surpasses $22b- Envoy

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China-Nigeria Trade Volume Surpasses $22b- Envoy
…10,000 Nigerians Have Enjoyed Training Programmes in China So Far

By: Michael Mike

China-Nigeria trade volume has surpassed $22 billion, China Ambassador to Nigeria, Yu Dunhai has said.

Speaking at the 1st Annual China-Nigeria Government Exchange Program Alumni Reunion Gala, in Abuja, Yu also disclosed that over 10,000 Nigerians have benefited from opportunities for the exchange provided by China.

Yu while noting that 2025 trade volume has surpassed that of the previous year, said that China’s direct investment to Nigeria increased by 130%, while Nigeria’s export increased by over 200%.

He said: “ I think this bilateral relations not only has a political meaning, but it’s actually more about people-to-people relations. And I’m very happy to let all of you know that our trade volumes, this year, already surpassed 22 billion U.S. dollars.

“That’s already surpassed the total amount of last year. And China’s direct investment to Nigeria increased by 130%. And another good news is Nigeria’s export increased by over 200%.”

The envoy also said his country is working closely with Nigeria authorities to implement the zero tariff policy announced in June 2025, which is meant to expand Nigeria’s export to China while also enhancing Nigeria’s position on the international global trading system.

He said: “We are working very closely with the Ministry of Industry, Trade and Investment to implement the zero tariff policy, which the Chinese government announced last June. That is, China is going to provide zero tariff for 100% of products from all 53 African countries, including Nigeria, to China.

“And I believe that this is going to expand Nigeria’s export to China and contribute also to the enhancing of Nigeria’s position on the international global system, the trading system.”

He noted that China-Nigeria are working on other various projects which are aimed at providing mutual benefits, stating that he believed that Nigeria and China are natural partners, as both countries shared the same interest.

He therefore said both countries need to work together to enhance the current global governance, to address the active representation of African countries, and to better let our voices be heard globally.

Yu, while stating that: “China’s today is Nigeria’s tomorrow,” noted that China and Nigeria shared a lot of similarities.

On bringing the alumni together, Yu said: “is to provide a platform for our alumni who attended the Chinese Government Exchange Programme to stay connected, to exchange ideas, and thus contribute to China-Nigeria relations.

“Indeed, over the years, China has provided over 10,000 opportunities for the training programme for Nigerians.

He said the training opportunities aimed at building the capacities and sharing experience of governance, to poverty reduction, to manufacturing, agriculture, public health, trade, investment, science, technology, innovation, food economy, digital economy.

He added that: “And I believe that this not only helps to enhance the capabilities of the individuals, but also contributes to the economic and social development of Nigeria.”

Yu said the alumni of the exchange programme cut across Nigeria’s cities of Abuja, Lagos, Maiduguri and Ibadan, among others.

China-Nigeria Trade Volume Surpasses $22b- Envoy

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