Why would it when everyone is stockpiling and hoarding dollars?
All these brown note analysts need to quit it

Since it has declined, then why are we still borrowing E remain make we borrowed from Aliens

Very good development. May Nigeria succeed.

Zetty177x:
I don't believe anything from this regime. My personal opinion

But if na bad news, you go carry am for head like gala

Agboriotejoye:


Is the time margin not too short to publish this or is budgit trying to bait someone?
I see Manna has swallowed the bait though it can be contended that January is a start of a new budget cycle so cash transactions will be at a minimum. They should have made the report quarterly at least.

There is nothing to celebrate here as there is a perfect explanation for the sharp decline in payments into personal accounts. Only very few MDAS actually made payments in January because GIFMIS was locked for most part of the month. By the time they examine transactions from February, they will now report an extremely high increase in payment to personal account compared to January.

December was also extremely high because it was the peak period for payment in most MDAS. Most MDAS always want to clear out their capital and overhead before the end of the year.

BUDGIT should try and understand the undercurrents and reflect them properly in their report otherwise, they will be creating unnecessary confusion.

seunmsg:
.




There is nothing to celebrate here as there is a perfect explanation for the sharp decline in payments into personal accounts. Only very few MDAS actually made payments in January because GIFMIS was locked for most part of the month. By the time they examine transactions from February, they will now report an extremely high increase in payment to personal account compared to January.

December was also extremely high because it was the peak period for payment in most MDAS. Most MDAS always want to clear out their capital and overhead before the end of the year.

BUDGIT should try and understand the undercurrents and reflect them properly in their report otherwise, they will be creating unnecessary confusion.

Well, at least we can see defaulters and Nigerians can continue to monitor outflow and see who is getting what from the National treasury through: https://opentreasury.gov.ng/

deji17:
Well, at least we can see defaulters and Nigerians can continue to monitor outflow and see who is getting what from the National treasury through: https://opentreasury.gov.ng/

Sure. The open treasury portal is a great initiative. Most MDAS are now careful not to pay crazy claims because they know BUDGIT and other “noisemakers” are watching.

wellmax:

But if na bad news, you go carry am for head like gala

Zom...

I beg complete your name

seunmsg:





There is nothing to celebrate here as there is a perfect explanation for the sharp decline in payments into personal accounts. Only very few MDAS actually made payments in January because GIFMIS was locked for most part of the month. By the time they examine transactions from February, they will now report an extremely high increase in payment to personal account compared to January.

December was also extremely high because it was the peak period for payment in most MDAS. Most MDAS always want to clear out their capital and overhead before the end of the year.

BUDGIT should try and understand the undercurrents and reflect them properly in their report otherwise, they will be creating unnecessary confusion.

We're still pointing at the same thing. BUDGIT jumped too early with their research. The scope was too narrow to arrive at the conclusion they did if there is no ulterior motive on their part. I'm sure they are not so naïve to have believed OTP was the reason for such sharp decline. The end to that obvious and if I may say deliberate flaw is what is left to be seen.