Posted 3/14/2024, 12:50:06 PM
Over 70% of 2024 Capital Budget Goes to Vague, Untraceable Projects
- National Assembly allocated N6.6 trillion for 'unknown projects' across 20 ministries in 2024 budget, representing 71.98% of total capital allocation
- Many projects lack specific geographic identifiers, complicating traceability and accountability
- South West got N419 billion capital allocation, South East N537 billion, South-South N225 billion, North West N365 billion, North East N349 billion, North Central N730 billion
- Areas for projects totaling N4.2 trillion across ministries not disclosed, making it difficult to monitor spending
- Report calls for stringent, location-specific allocation protocols to ensure budget provisions translate into tangible, traceable development