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A document released by a public accountability organisation, Tracka – an initiative of the BudgIT Foundation – revealed that a total of N22.15 billion was earmarked for renovation and furnishing of 106 palaces nationwide while N8 billion was budgeted for projects related to construction, renovation and other related support to churches and mosques across the […]
Continue ReadingOn 9 June, 2026, the Presidency announced: “President Bola Ahmed Tinubu has approved the establishment of a Presidential Task Force on Ebola Virus Disease Preparedness and Emerging Public Health Threats and ordered the immediate release of ₦10 billion as emergency intervention funding.” You remember that statement? Today is 20 July. Thank God there has been […]
Continue ReadingNigeria’s Independent National Electoral Commission (INEC) is set to receive a large sum of N1,013,778,401,602 in the 2026 budget presented to the National Assembly by President Bola Ahmed Tinubu. The allocation, one of the largest in INEC’s history, comes as Nigeria gears up for the 2027 general elections. Details of the 2026 Appropriation Bill, released […]
Continue ReadingPresident Bola Tinubu has earmarked the sum of N5.41tn for Security, the single largest allocation in the proposed 2026 budget. This will be the third consecutive year that defence and security spending has taken priority since the administration began presenting national budgets in November 2023. Presenting the budget on Friday in Abuja, Tinubu said the […]
Continue ReadingUsing the hashtag, #TheBudgetisaMess, BudgIT Nigeria made a crisp post Tuesday on X (formerly Twitter): “Just look at this, Nigerians! A Federal Polytechnic (NICTM) in Edo (State) has an allocation of N900 million to construct a road in Cross River (State). This same Polytechnic is renovating traditional palaces for N300 million and supplying motorcycles to Katsina and Bayelsa […]
Continue ReadingGiven how a serious national economic planning instrument has been cynically subverted over the years, there cannot be a more apt summation of the futility of budgets in Nigeria than a 2019 Twitter thread by ‘Laolu Samuel-Biyi. I have twice referenced his conclusion on this page: “If you want to keep hope alive in Nigeria, don’t look at […]
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