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BudgIT, a leading civic-tech organization, has raised concerns over irregularities in the 2025 Federal Government Proposed Budget.
The organization in a statement to national Wire, called on the National Assembly to conduct a prudent, patriotic, and inclusive review of the budget.
According to BudgIT, the Federal Government often falls short of its macroeconomic assumptions, posing serious fiscal risks and leading to severe budget financing challenges.
“The government’s inflation projection of 15% in the 2025 fiscal year appears unrealistic, considering the current inflation rate of 34.6% as of November 2024.
BudgIT also expressed concerns over the omission of the breakdown of some MDAs, commissions, and councils from the proposed budget. Additionally, the budgets of over 60 government-owned enterprises, including the Nigeria Ports Authority and Nigerian Maritime Administration and Safety Agency, were absent from the proposed budget.
The organization further criticized the allocation of ₦2.49 trillion to five regional development commissions under the umbrella of personnel costs, which obscures the true nature of these commissions’ operational expenses.
BudgIT is urging the National Assembly to prioritize national interest over personal considerations and ensure that the approved budget stimulates economic activities, allocates resources to foster economic growth, and caters to the most vulnerable Nigerians.
