A group, the Centre for Social Justice, Wednesday said there were about N150.07 billion expenditures that were frivolous, inappropriate, unclear and wasteful in the 2020 budget presented to the National Assembly by President Muhammadu Buhari.
This was revealed in a report made available to journalists in Abuja by its Lead Director, Eze Onyekpere
The report analysed the 2020 budget of about N10.33trn, which is currently before the National Assembly.
The group also called the members of the National Assembly to critically review the budget document in order to remove “all the expenditures that would not impact positively on the lives of the people.”
It recommended that many expenditure in the budget should either be slashed for being “too high” or removed for “being duplicated” in the expenditure of another agency of government.
He also noted that if the recommendations of the report are implemented, it would save the country about N150.77bn.
Speaking on the report, he said that at a time when Nigeria has been rated as the poverty capital of the world, every item of expenditure in the federal budget should reflect the best value for money.
He said: “The executive budget is still suffused with projects described as meaningless jargons, words that have no fixed meaning, duplication of projects under different names; projects without locations and others that have nothing to do with the mandate of the ministry, department or agency which they are proposed.
“When the Ministry of Agriculture has a project on the promotion and development of the rice or wheat value chain, what exactly is the deliverable.
“The use of loose words like empowerment, capacity building, skills acquisition and upgrading without a contextual description of what the expenditure will achieve is simply not the terminal at to expend public resources.
“When the Nigerian Stores Products Research Institute in Ilorin is engaged in the construction of solar motorised boreholes in selected locations in the six geopolitical zones, supply of operations utility vehicles, tricycles, upgrade of stadia, an alarm cell should go off.
“What is the mandate of the research institute and how will the foregoing facilitate the realisation of that mandate.
“Ministries like works and housing, water resources are suffused with too many projects which available resources cannot support and therefore the resources are so thinly spread.
“It is inappropriate to continue wasting money on projects that will not deliver results due to very thin funding. The funds are wasted and the people service no value.”
Latest posts by Ripples Nigeria (see all)
- ISWAP fighters execute abducted CAN chairman - January 21, 2020
- NSE: Sell pressure shrinks market capitalisation by N128 billion - January 21, 2020
- Magu rues UK’s refusal to extradite Diezani, insists looted funds ‘enough to keep Nigeria rolling’ - January 21, 2020