Business

BudgIT: N10.02trn allocated to security sector in 6 years

Against the background of worsening insecurity in the country, BudgIT has disclosed that the nation allocated over N10.02trillion to the security sector between 2015 and 2021.

 

The Chief Executive Officer, BudgIT, Gabriel Okeowo, stated this while commenting on the civic-tech nonprofit organisation’s recent publication, titled: “Demanding Budget Reforms for Resource Optimisation.”

 

He called on government to audit security spending and close loopholes for corruption in  budget process, adding that increased resources allocated to the security sector meant less money to develop other sectors.

 

He said: “2021 has been a horrifying year for Nigerians concerning security as the country combats mutating forms of crime and terror across all its 36 states; this is despite allocating over N10.02 trillion to security between 2015 and 2021. In the 2021 budget, the entire security sector’s allocation was N1.97 trillion, representing a 14 per cent increase from the N1.78 trillion allocated in 2020.”

 

He pointed out that the BudgIT publication noted that various nonsecurity related government agencies now request and receive allocations for Security Votes, which, according to him, are “an opaque feature of the Nigerian security ecosystem devoid of accountability.”

 

According to him: “In the 2021 budget, a total of 117 federal agencies received allocations for Security Votes worth N24.3 billion, despite many of these agencies already having allocations for Security Charges to cover each agency’s security needs.”

 

The publication, he further stated, also observed that the meager budgetary allocation provided to other sectors does not usually amount to much due to leakages and theft of public funds. He said: “Our investigations into the 2021 budget revealed at least 316 duplicated capital projects worth N39.5 billion, with 115 of those duplicate projects occurring in the Ministry of Health.

 

This is very disturbing, especially considering the health infrastructure deficit and the raging COVID-19 affecting Nigeria

SHOCKING LIFE STORY!!!

Abuja Man reveals (FREE) secret Fruits that Increased his Manh00d size and Lasting Power in 5days…

CLICK HERE TO GET IT!!!

%d bloggers like this:
Fake Richard Mille Replica Watches, www.richardmille.to The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica