2022 budget: BudgIT raises concerns, queries missing N198.7bn oil company payments to NDDC

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BudgIT Foundation, a civic-tech organization leading the advocacy for transparency and accountability in public finance in Nigeria, has raised concerns

BudgIT raised concerns over the complete omission of the Niger Delta Development Commission, NDDC, capital budget from the overall budget, the continuous unrealistic revenue projections, soaring year-on-year debt burden and weak accountability structure, among others.

According to Fatoba, the omission of NDDC’s entire capital budget allocation from the proposed 2022 budget and public scrutiny is a source of concern, especially given the scale of alleged corruption and diversion of public funds that has afflicted the federal agency since its inception. “The list of new and ongoing projects to be embarked upon by NDDC with this estimated N198.7bn in the year 2022 is glaringly missing from the 2,168-page 2022 FG budget details document and the 2022 Appropriations Bill sent to the National Assembly.”

 

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