National News
2024 BUDGET IMPLEMENTATION: WHERE IS THE EVIDENCE?
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
Ends
Nigeria@65: FG’s programmes improving welfare of Nigerians- NOA
The National Orientation Agency (NOA), on Wednesday said that the Federal Government’s programmes and policies under President Bola Tinubu-led administration were improving the welfare of Nigerians.
Mrs Adaline Patari, the State Director of NOA, Gombe State office, stated this shortly after a road show to mark Nigeria’s 65th Independence Day anniversary in Gombe.
Patari said that programmes and policies of Tinubu-led administration had supported many Nigerians from the student’s loan to conditional cash transfer to support to small businesses amongst others.
She stated that the initiatives by the present administration had restored hope and put the country amongst serious countries pursuing better reforms to improve their economy while revamping infrastructure.
According to her, many undergraduates benefitting from the student’s loan scheme which has removed all financial hindrances impeding access to tertiary education now feel a sense of belonging.
She said that the programmes and policies of the Federal Government have benefitted many households and improved their welfare in line with the Renewed Hope Agenda of President Tinubu.
“The reforms of the Federal Government are working and many persons are proud to be Nigerians and more persons are now trying to do the right things as Nigerians.
“People are beginning to see themselves as proud Nigerians and that confidence of being a Nigerian is being restored.
“Today, many Nigerians are benefitting from the programmes of the current administration, this means that the country is now working for them,” she said.
While acknowledging that there were still challenges that needed to be addressed, Patari said, at 65, we have made tremendous progress especially working together in peace and unity.
She urged Nigerians to continue to support Tinubu administration’s programmes towards building a better country that works for all Nigerians.
The state director said that with the necessary reforms being carried out and already yielding results in the economic, agriculture, security and other sectors, more Nigerians would be prouder to be Nigerians in the future.
“Today, the country is progressing and we are united; we are now prouder to be Nigerians and I can tell you that the labour of our heroes past, indeed is never in vain,” she added.
Commending the contributions of youths to national development, Patari urged them to have a positive mind-set towards Nigeria and to always express optimism of a better Nigeria for everyone.
Patari also lauded the renewed strength with which NOA under the Director General of the agency, Malam Lanre Issa-Onilu was being driven.
She said that government’s policies and programmes were getting more supports from Nigerians because of the constant engagements of Nigerians by the NOA nationwide.
The event also featured sensitisation of residents on Federal Government’s policies, programmes and the need for the people to support the current administration’s Renewed Hope Agenda
Nigeria@65: FG’s programmes improving welfare of Nigerians- NOA
Nigeria, European Union hold inaugural Trade and Investment Dialogue
By: Michael Mike
Senior Government officials of the Federal Republic of Nigeria and the European Union (EU) have today met in Abuja to assess the vibrant economic partnership between the two parties and chart a way forward.
The inaugural Nigeria-EU Senior Officials Trade and investment Dialogue (TID) was anchored by the Permanent Secretary, Federal Ministry of Industry, Trade and Investment (FMITI), Ambassador Nura Abba Rimi, and Director of the European Commission’s Directorate-General for Trade and Economic Security (DG TRADE), Ms Dora Correia,
The Minister of Industry, Trade and Investments, Dr. Jumoke Oduwole, and the EU Ambassador to Nigeria and ECOWAS, Gautier Mignot,, welcomed the launch of the Dialogue, which they said underscored the growing importance attached to trade and investment in the EU-Nigeria partnership.
This Senior Officials’ meeting marks an important step in strengthening the trade and investment partnership between the EU and Nigeria, and provided opportunity for the officials to exchange views on areas of mutual interest; address potential challenges and explore opportunities for further collaboration.
Discussions focused on a range of issues, including trade and investment policy, cooperation on market access barriers and requirements, preferential trade and investment arrangements, investment, collaboration within the World Trade Organization (WTO), regulatory measures that could impact trade and investment, and the identification of trade and investment-related development cooperation areas.
Both sides expressed their interest to continue the Dialogue, with the second TID billed to take place in Brussels, Belgium, in 2026, on a date to be jointly decided.
Nigeria, European Union hold inaugural Trade and Investment Dialogue
FG Declares Wednesday, Oct. 1 Public Holiday to Marks 65th Independence Anniversary
By: Michael Mike
The Federal Government has declared Wednesday, 1st of October as a public holiday to commemorate Nigeria’s 65th Independence Anniversary.
The Honourable Minister of Interior, Hon. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, congratulated all Nigerians both at home and in the diaspora on this historic occasion.
Tunji-Ojo, in a statement by the Permanent Secretary, Ministry of Interior, Dr. Magdalene Ajani, enjoined citizens to continue to uphold the patriotic spirit, unity, and resilience that have sustained the nation since independence in 1960.
He urged Nigerians to further keep faith in the Renewed Hope Agenda of President Bola Tinubu, which is anchored on national rebirth, economic transformation, and collective prosperity.
The Minister expressed confidence that, with the cooperation of all Nigerians, the country will continue to grow stronger in peace, progress, and development.
He wished Nigerians a happy and memorable 2025 Independence Day celebration.
FG Declares Wednesday, Oct. 1 Public Holiday to Marks 65th Independence Anniversary
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