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

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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

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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 NDDCโ€™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. โ€œThe 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.โ€

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