Tag: BudgIT

Presidency’s forex bill hits ₦34bn in 2yrs, as travel costs draw scrutiny

Aminu Imam
Presidency’s forex bill

At least ₦34.39bn was spent by the Presidency on foreign exchange purchases for international travel and related official obligations between 2024 and 2025, according to data compiled from GovSpend, the public expenditure tracking platform managed by BudgIT. The records, covering transactions by the State House, the Presidential Air Fleet (PAF), the Office of the Chief of Staff, and activities linked to the President, Vice-President, First Lady and their aides, show that the bulk of the spending occurred in 2024, with a significant drop recorded the following year. An analysis of…

Read More

‘Nigeria’s proposal to run 4 Budgets simultaneously an anomaly’ – BudgIT

Aminu Imam
BudgIT

A leading civic-tech organisation promoting transparency, accountability and effective service delivery in Nigeria, BudgIT, has decried the proposed elongation of the implementation period for the 2023 Approved Budget and 2023 Supplementary Budget from the proposed termination date of December 31, 2023, to December 31, 2024, noting that it is an anomaly. Recall that the 2023 Approved Budget of N21.83 trillion, signed into law by President Muhammadu Buhari in January 2023, was designed to run for 12 calendar months from January to December, as is the practice globally. In addition, while…

Read More