Tag: BudgIT

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32 states rely on FAAC for 55% of revenue – BudgIT

A new report by BudgIT reveals that 32 of Nigeria’s 36 states relied on allocations from the Federation Account Allocation Committee for at least 55% of their total revenue in 2023. This over-dependence on federal transfers exposes states to vulnerabilities, particularly related to fluctuations in oil revenue. The 2024 State of States report, launched in […]

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FG spent three times its revenue in 2023 – BudgIT

A recent report by accountability firm BudgIT has revealed that the Federal Government’s expenditure in 2023 was three times its revenue, resulting in a staggering deficit of N13.51 trillion. Analysing the 2023 fiscal accounts from the Office of the Accountant-General of the Federation, BudgIT disclosed that the government generated N5.99 trillion in revenue but spent […]

Economy News Uncategorized

FG’s 2024 empowerment budget, higher than health projects — Report

Tracka, BudgIT’s service delivery promotion platform that enables citizens to collaborate, track, and provide feedback on public projects in their communities, has disclosed that N732.5 billion in empowerment projects in the 2024 federal government capital and constituency projects is more than the N646.5 billion allocated to health projects, according to Thisday. According to a statement […]

2023 Budget: BudgIT questions FG's N81.7bn streetlight allotment
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2023 Budget: BudgIT questions FG’s N81.7bn streetlight allotment

BudgIT has questioned the Federal Government’s allocation of N81.7 billion for the building of solar streetlights in the 2023 budget. According to Nairametrics, in a statement issued on Friday, the budget monitoring organization claimed that the amount budgeted for streetlights was greater than the sums allotted for schools and primary health facilities, which totals N77.9 billion […]