Analysis: 2021 Budget reveals over 316 duplicated capital projects totalling N39.5bn, among other loopholes for corruption – BudgIT Nigeria

…found ZERO audit records of the N10.02tn received by the security sector between 2015 & 2021

….calls for urgent budget reform

By The Editor

Abuja (Precise Post) – BudgIT has said that it’s investigations into the revealed that at least 316 duplicated capital projects worth N39.5bn, with 115 of those duplicate projects occurring in the account for the loopholes for corruption.

This is very disturbing especially considering the health infrastructure deficit and the raging affecting Nigeria.

It admitted that 2021 has been a horrifying year for Nigerians concerning security – as the country combats mutating forms of crime and terror – across all its 36 states. This is despite allocating over N10.02tn to security between 2015 and 2021.

BudgIT disclosed this in a statement released via it’s twitter handle, also called for urgent budget reform.

“In the , the entire security sector’s allocation was N1.97tn, representing a 14% increase from the N1.78tn allocated in 2020.

“Increased resources allocated to the security sector means that less money is available to develop other sectors; thus, there is a need for more scrutiny of how these allocations are budgeted and spent.

Likewise, our publication (to be released later today), noted that various non-security related government agencies now request and receive allocations for “Security Votes”, an opaque feature of the Nigerian security ecosystem devoid of accountability.

In the , a total of 117 federal agencies received allocations for “Security Votes” worth N24.3bn, despite many of these agencies already having allocations for “Security Charges” to cover each agency’s security needs.

Furthermore, BudgIT observed that the little budgetary allocation provided to other sectors are plagued with various loopholes for leakages and theft of public funds.

Even worse, agencies now receive allocations for capital projects they cannot execute. For example, the National Agriculture Seed Council has an allocation for N400m to construct solar street lights across all six geopolitical zones while the Federal College of Forestry in Ibadan, Oyo State, got N50m for the construction of street lights in Edo State. These are aberrations that need to be corrected.

Nigeria is already haunted by a staggering N3.31tn debt servicing burden which will wipe out nearly 41.63% of the projected N7.99tn 2021 revenue. @NigeriaGov and @nassnigeria can maximise the little public funds left by blocking the leakages BudgIT has identified.

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