• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Finance Ministry Budgets N130.5bn For ‘Special’ Interventions In 2022

As Works Ministry allocates N2.3bn for construction of classrooms | CSOs raise concerns over omnibus vote for non-specified projects, infrastructure

by Mark Itsibor
4 years ago
in Cover Stories, News
Finance Ministry Budgets N130.5bn For 'Special' Interventions In 2022
Share on WhatsAppShare on FacebookShare on XTelegram

In a very curious manner, the Federal Ministry of Finance, Budget and National Planning is planning to spend a whopping N130.458 billion on vague intervention programmes under the title of ‘service-wide votes’ in 2022.

Advertisement

The proposed budget estimates are captured under same or closely related items, raising questions about the credibility of the budgetary process supervised by the finance ministry. A breakdown of the figures showed that, if approved by the National Assembly, the ministry will spend N60,917,999,949 [N60.9bn] on the “special intervention/capital exigencies” at the same time it is proposing to spend N10 billion on “special intervention programmes/projects”. Apart from that, the ministry will spend N100 billion on “national poverty reduction with growth strategy (FGN commitment, including NSIP upscaling)-capital.”

Interestingly, the same ministry is seeking to spend N25 billion on what is simply identified as “special intervention” outrightly different from the N55 billion for “special intervention Sustainable Development Goals (SDG’s) 1” and another N10 billion for “special intervention SDG’s 2”. All of this amounts to the N130.5 billion budgetary allocation by the finance ministry in the coming year.

That aside, under the government’s Economic Recovery and Growth Plan (ERGP), the finance ministry is also voting N25 billion for Nigeria Youth Development Fund. The specific nature of projects and activities to be supported by the fund were not provided by the executive for public scrutiny.

The different votes are without details and lacking in specification. Meanwhile, the Federal Ministry of Works and Housing has said it will spend N2.27 billion on construction of an unspecified number of classrooms in undisclosed environment.

RELATED

Religious Beliefs, Myths, Others Hindering Acceptance Of Family Planning

Jigawa Earmarks N80m For Family Planning Services

39 minutes ago
[EDITORIAL] Uniting Against Drug Abuse

Hijrah Organisation Decries Prevalence Of Drug Abuse In Kwara

44 minutes ago

Expectedly, there is no location or any further specification of the classrooms. Those who interacted with our correspondent on the said item say the failure of the federal government to provide details of the location of the proposed be shown to the lawmakers but published on the website of the Budget Office of the Federation like other votes. An NGO, Citizens Wealth Platform (CWP), said the government’s expected revenue of N2.915 billion from minerals and mining is grossly underestimated.

The organisation said the National Assembly should engage the mining authorities and the Ministry of Finance to ensure that illegal and private mining of public-owned minerals is stopped and proper accruing revenue estimates included in the budget. In its recommendation, it demanded full and meticulous implementation of the rules in the 2020 Finance Act requiring automatic deduction at source of past due operating surplus from GOEs and capping cost to revenue ratio of GOEs to a maximum of 50%-50%.

It further recommended that the federal government consider domiciling the accounts of relevant GOEs and agencies in sub accounts of the Treasury Single Account (TSA) and deduct the due percentages of operating surplus at source before transferring the residue to the GOEs and agencies.

“This will ensure that all due operating surplus and portions of due IGR is deducted at source. This is estimated to guarantee FGN operating surplus revenue of not less than N2 trillion,” it stated. CWP also called for outright removal of fuel subsidies, under recovery or any subsidy on petroleum motor spirit from the proposed 2022 budget.

“This will save not less than N2tn and make same available for the Federation Account. Not less than 60 per cent of the savings accruing from abolishing the subsidy should be channeled to dedicated ring fenced (statutory) expenditure in education and health.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: zainab ahmed
SendShareTweetShare
Previous Post

A Look Into Snazzy The Optimist’s ‘Seluna’

Next Post

Collapsed Ikoyi 21-storey Building Has No Insurance Cover

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

Religious Beliefs, Myths, Others Hindering Acceptance Of Family Planning
News

Jigawa Earmarks N80m For Family Planning Services

2025/06/29
[EDITORIAL] Uniting Against Drug Abuse
News

Hijrah Organisation Decries Prevalence Of Drug Abuse In Kwara

2025/06/29
nigerian Troops
News

Commander Warns Officers, Soldiers Against Cannabis Use

2025/06/29
APC Ticket: Olawepo-Hashim Congratulates Tinubu, Urges Him To Reach Out More
News

Friends, Associates Celebrate Gbenga Hashim @ 56

2025/06/29
Gov Mutfwang Hosts Prison Fellowship, Advocates Justice For Victims
News

Gov Mutfwang Hails Anaba On NGE Election

2025/06/29
Niger Gov, Others Celebrate Etsu Nupe At 70
News

Etsu Nupe Urges Agricultural Revolution, Youth Involvement

2025/06/29
Leadership Conference advertisement

LATEST

Why Journalists Must Create Space For Real Conversations Across Divides

Shettima And The 2nd Term Brouhaha

Jigawa Earmarks N80m For Family Planning Services

APC Stakeholders Seek Power Shift To Kajuru

Hijrah Organisation Decries Prevalence Of Drug Abuse In Kwara

Commander Warns Officers, Soldiers Against Cannabis Use

Kwara North APC Guber Aspirants Chart Common Front For 2027

Friends, Associates Celebrate Gbenga Hashim @ 56

Gov Mutfwang Hails Anaba On NGE Election

Etsu Nupe Urges Agricultural Revolution, Youth Involvement

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.