Home News Finance Nigeria: Tinubu’s Administration Allocates ₦6.7 Trillion for ‘Emergency Expenses’ in 2025 Budget, Raising Eyebrows
FinanceNews

Nigeria: Tinubu’s Administration Allocates ₦6.7 Trillion for ‘Emergency Expenses’ in 2025 Budget, Raising Eyebrows

713
Nigeria’s External borrowing

Civil society groups and economic analysts have heavily criticized President Bola Tinubu’s proposed budget for 2025. Many believe it fails to address Nigeria’s pressing needs and lacks transparency.

One of the most significant concerns is allocating funds to non-critical sectors. For instance, ₦280 billion has been allocated to the Ministry of Information and Culture, exceeding the ₦200 billion set aside for the Ministry of Health by ₦80 billion. This misalignment ignores urgent healthcare needs, particularly as the country struggles with public health challenges and poor infrastructure.

Another contentious issue is the ₦6.7 trillion proposed for the Service-Wide Vote (SWV), a notable increase from ₦4.4 trillion in 2024 and ₦3 trillion in 2023. The SWV is intended to cover unforeseen expenses but has a history of poor accountability. Of the proposed amount, ₦2.2 trillion is earmarked for personnel costs, while ₦1.2 trillion is allocated to overheads.

In 2021, the National Assembly described the SWV as the “biggest fraud in Nigeria” due to a lack of audits and transparency. Lawmakers lamented that no Ministries, Departments, or Agencies (MDAs) provided a detailed breakdown of how these funds are utilized. The increased allocation in 2025 does not seem to discourage unchecked spending. Additionally, recurrent expenditures already account for over 65 per cent of the total budget.

Several other aspects of the 2025 budget have raised concerns about the bloated structure of government and the absence of efforts to curb wasteful spending. Civil society groups and well-meaning citizens have flagged these anomalies. For example, over ₦7 billion has been allocated for State House vehicles, a substantial increase from ₦4 billion in 2024, despite promises to reduce governance costs. Another ₦1 billion has been set aside for the Presidential Enabling Business Environment Council, showing questionable spending priorities. NASENI received ₦298 billion without detailing any specific projects for 2025. The National Judicial Council’s ₦341.63 billion allocation also lacks transparency. Additionally, key government agencies such as NIMASA and the Nigeria Ports Authority are conspicuously absent from the budget.

Organizations like BudgIT and SERAP have condemned these irregularities and warned that they could worsen Nigeria’s fiscal challenges. They have called for a comprehensive budget review and urged lawmakers to address these issues before approval. The National Assembly is yet to give its verdict or approval.

Read More:

About The Author

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

FinanceNews

Ghana Places Former Finance Minister Ofori-Atta on INTERPOL Red Notice

Interpol has issued a Red Notice for Ghana’s former finance minister, Ken...

Seyi Tinubu flying presidential jet
News

Tinubu’s Silence on Son’s Use of Presidential Jet Draws Contrast with Mongolian PM’s Resignation

President Bola Tinubu has been criticised over the apparent misuse of state...

Umo Join APC
NewsPolitics

Akwa Ibom Governor Eno Dumps PDP Following West Africa Weekly’s Report

Governor Umo Eno of Akwa Ibom State has officially dumped the Peoples...

NAFDAC Recall Dove Soap
HealthNews

NAFDAC Warns Against Dove Soap, Deodorants Due to Risks to Reproductive Health and Unborn Children

The National Agency for Food and Drug Administration and Control (NAFDAC) has...