Nigeria's civic tech organisation, raising the standards of transparency, citizen engagement & accountability most especially in public finance. #AskQuestions
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BudgIT Nigeria@BudgITng
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BREAKING Our 2020 Budget Implementation Analysis is out! Debt servicing wiped off 97% (N3.34tn) of FG's total revenue(N3.42tn) in 2020. Total expenditure stood at N10.01tn. This means nearly all FG’s salaries, overhead & CAPEX were financed with loans & CBN support. THREAD https://t.co/xL9dWz1qm6

22日前

118

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BudgIT Nigeria@BudgITng
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The cost of servicing FG's debt is drowning Nigeria as the cost continues to grow, gulping a total of N3.34tn (97%) from the total revenue. This means that for every N100 that FG made in 2020, N97 was spent on debt servicing. #AskQuestions https://t.co/flGCMuitlj

22日前

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BudgIT Nigeria@BudgITng
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Naija pipu, how far?🧐 E get one tori we wan yarn you about d moni wey Nigeria dey take settle gbèsè. Oya wait, no just waka pass, follow us reason dis one🙄 Nigeria's borrow borrow matter concern all of us and you suppose dey gidigba to chook mouth.🗣 Abeg, make una watch👇 https://t.co/LrqSpmfHm5

11日前

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BudgIT Nigeria@BudgITng
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Hello Chioma, According to Nigeria's Debt Management Office (DMO), Nigeria's total debt as of March 2021 is about 33.10 trillion naira. For more info, you can check the DMO Website, specifically this page:👇 https://t.co/U4KfbdjAOy. https://t.co/FRSKJyuSPw

24日前

59

BudgIT Nigeria@BudgITng
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Meanwhile, FG claimed that it earned ZERO revenue from Stamp Duties and Domestic Recoveries+Assets+Fines, despite combined projections of N437bn. #AskQuestions https://t.co/pHVnFTXGSi

22日前

54

BudgIT Nigeria@BudgITng
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A critical highlight with non-debt recurrent expenditure is the actuals on Pensions. FG disbursed only N359bn of the N536bn budget for pension. This means that many pensioners didn't get their pensions during the heat of COVID-19. #AskQuestions https://t.co/evZMyCEEC6

22日前

50

BudgIT Nigeria@BudgITng
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In 2020, FG projected a total revenue of N5.37tn; however, the actual total revenue eventually stood at N3.42tn. This represents a 63.71% revenue performance. #AskQuestions https://t.co/vcsiaIk5zi

22日前

46

BudgIT Nigeria@BudgITng
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CAPEX keeps getting the short end of the stick, as ONLY N1.60tn was devoted to capital projects in 2020. This is not acceptable! Recall that FG had a CAPEX plan (exclusive of transfers) of N2.69tn, this means only 59.5% (slightly over half) of the 2020 projection was actualised. https://t.co/jZEI4YZPK8

22日前

43

BudgIT Nigeria@BudgITng
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Nigerians, we have good news! After languishing in crampy & ill-fitted learning spaces for years, children in Adan Agban, Anchau Gari & Meigero communities can now boast of conducive classrooms, thanks to BudgIT's advocacy. Full documentary out now! 1/4 https://t.co/po7opCvCSa https://t.co/N4oP810C5b

16日前

42

BudgIT Nigeria@BudgITng
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FG’s revenue from oil had a significant boost. FG’s budget was anchored on an oil revenue projection of N1.01tn, but as of Dec 31, 2020, actual oil revenue arrived at N1.41tn. This surpassed the amended oil projections for the 2020 fiscal year #AskQuestions https://t.co/RKysGFrve8

22日前

38

BudgIT Nigeria@BudgITng
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The budget of N428.03 for Statutory Transfers in 2020 was disbursed. However, there is no breakdown or implementation report of how this money was spent/disbursed. #AskQuestions https://t.co/GR8gjjbblo

22日前

36

BudgIT Nigeria@BudgITng
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Despite low revenue earned (N3.42tn), FG’s total expenditure was N10.01tn, representing 93% performance when compared with the budgeted amount of N10.81tn. Of this 10.01tn, N4.65tn was spent on non-debt recurrent expenditure. #AskQuestions https://t.co/UX2m3j8cim

22日前

33

BudgIT Nigeria@BudgITng
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For non-oil revenue, FG’s actual inflow stood at N1.26tn, despite projections of N1.62tn. This represents a 77.2% performance as of Dec 31, 2020 #AskQuestions https://t.co/yisNNMPqKL

22日前

29

BudgIT Nigeria@BudgITng
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Investing in education is Nigeria’s surest way out of poverty. The best time to take advantage of our huge human capital was 30years ago, the next best time is NOW! Dear followers, with support from @macfound, we present to you our latest documentary: https://t.co/po7opCvCSa

16日前

28

BudgIT Nigeria@BudgITng
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THREAD Here are 10 key highlights you should note about the Petroleum Industry Bill #PIB, as passed by @HouseNGR on July 1, 2021. 1. NNPC ltd will carry out petroleum operations on a commercial basis, comparable to private companies in Nigeria carrying out similar activities. https://t.co/ZyAwbTCJXO

23日前



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