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

1.1k
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

Nigerian Passport
NewsTravel

Nigeria’s Passport Hike: How Rising Fees and Western Influence Are Pricing Ordinary Nigerians Out of Global Travel

Nigeria’s recent decision to raise the cost of international passports has sparked...

News

Russia Proposes Establishment Of Nuclear Power Plant in Niger

Russia has proposed building a nuclear power plant in Niger, offering broad...

Rose Gidado, Dual Regulator and Bill Gates-Funded TELA Maize Advocate, Defends GMO Safety With ‘We Won’t Poison Our Own People’
AgricultureNews

Rose Gidado, Nigeria’s GMO Regulator and TELA Maize Advocate, Defends Safety – ‘We Won’t Poison Our Own People’

Rose Gidado, Director at the Department of Agricultural Biotechnology of the National...

Nigerian Passport
NewsTravel

Nigeria Immigration Triples Passport Fees To N100,000, N200,000 In Less Than 2 Years

The Nigeria Immigration Service (NIS) has announced another upward review of passport...