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Home ยป N3.7trn budget controversy: Senator Ningi was right – Onigbinde
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N3.7trn budget controversy: Senator Ningi was right – Onigbinde

OsunDailyBy OsunDailyMarch 13, 2024No Comments3 Mins Read
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N3.7trn budget controversy: Senator Ningi was right - Onigbinde
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The Co-Founder of civic group, Budgit, Seun Onigbinde, has said that the representing Bauchi central, Abdul Ningi was right that there was no detailed breakdown for about N3.7trn of the N28.78trn 2024 Appropriation Act.

Onigbinde said this when he appeared as a guest on Channels Televisionโ€™s Politics Today programme on Tuesday.

He, however, said the claim by the lawmaker that Nigeria was running two concurrent budgets wasnโ€™t factual.

โ€œThere should be a detailed breakdown of the budget. On that point, Senator Ningi is right but to say that we are running two parallel budgets, I donโ€™t think that is factual,โ€ he stated.

OsunDailyNG reported that Senator Ningi, of the Peoples Democratic Party, PDP, resigned as Chairman of the Northern Senatorsโ€™ Forum following his suspension on Tuesday over budget padding allegations.

Onigbinde said as the rowdy session by the Senate was ongoing, the Budgit team fact-checked claims by Ningi.

He said, โ€œAs the Senate rowdy session was going on, we were also fact-checking and one of the things we found out is that we were not able to lay hold to the claim by Senator Ningi. A budget of N28.7trn was passed into law and we were not able to see where N3.7trn (was missing).

โ€œHistorically, there are items in the budget that donโ€™t have breakdown like statutory transfers but that does not mean there is a certain level of capital projects by the Federal Government that was appropriated and does not have a breakdown.โ€

He said the entire capital project was around N9trn in the 2024 Appropriation Act signed into law by President Bola Tinubu after the bill was reviewed upward from N27.5trn to N28.78trn.

โ€œThe budget we have now has the ministries, departments and agencies (MDA) and the government-owned enterprise budget,โ€ Onigbinde stated.

โ€œAround N2trn of the budget presented by the President is the government-owned enterprises budget. So, if Senator Ningi says there is a N25trn budget, yes, that is the MDAโ€™s budget. Itโ€™s different from the government-owned enterprises budget whose budget was now added.

โ€œIt is factual that he says that but it doesnโ€™t mean that we are running two concurrent budgets. There is a different conversation that those projects should be detailed. TETFUND should not just get an allocation. What are you spending money on? INEC is collecting a huge chunk of funds but there is no public details about what the funds are used for.

โ€œIn the current budget, the National Assembly gave a very broad summary of its allocations but there are no detailed allocations on a granular level that everybody can understand.

โ€œThese are transparent issues and if you put all these together, that is around N3.5trn to N3.7trn. So, if that is what he (Ningi) wants to interrogate, that there are components of the budget where there are no breakdown, that is very factual,โ€ he stated.

The Budgit boss urged the executive and the National Assembly to ensure transparency in the budgetary allocations to MDA and government-owned enterprises.


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budget Controversy N3.7trn Ningi Onigbinde Senator
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