Experts say fuel subsidy removal’ll save Nigeria N2trn

The 2022 budget is loaded with frivolous and wasteful estimates in the region of N227.1 billion, Citizens Wealth Platform (CWP), a platform of nongovernmental and faithbased organisations claimed on Thursday in Abuja. CWP also said removal of fuel subsidy by government would save Nigeria N2 trillion.

Analyzing some of the items contained in the 2022 budget and the amount of money allocated to them, the group said most of the items were frivolous and wasteful, noting that they had been repeatedly captured in the previous budgets. Briefing the media yesterday in Abuja, CWP Coordinator and Director, Centre for Social Justice (CSJ), Barrister Eze Onyekpere, noted that the 2022 budget like the ones before it was loaded with lots of frivolous and unclear wasteful expenditure. Areas of wasteful allocation pointed out by Onyekepre include provision of over N260 billion service wide votes for special intervention and poverty reduction, which he described as worrisome.

He said over the years, there has not been evidence of benefits to the population accruing from the votes. “But the authorities insist on continuing a practice without visible benefit. Several programmes in many MDAs have received multi-year funding for skill acquisition and employment creation. It’s imperative to demand for reports of achievements in terms of output and outcomes and the value for statement of previous investments,” he said.

He cited the example of 12 River Basin Development Authority, which sit on thousands of acres of public land, yet to be allocated the sum of N50 million for clearing of 5,000-hectare farmland in Auchi, Edo state by the Benin Owena RBDA. “From the time of former President Olusegun Obasanjo till date, we have been seeing items being used as slush funds in the budget,“ he said.

Onyekpere frowned on Federal Government’s plan to borrow N126.925 billion for the National Identity Management Commission (NIMC) project. He wondered why the Federal Government should borrow so much for a national identity card scheme when a majority of Nigerians have not got the card 10 years after their identities have been captured. He said that the 2022 Appropriation Act should contain an explicit provision abolishing fuel subsidies, under-recovery or any subsidy on petroleum motor spirit by what ever name called or under any guise whatsoever. This, he noted, would save the nation not less than N2 trillion and make same available for the Federation Account. According to Onyekpere, 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.

On the national identity card, he opined that the commission should be called to question over N126.925 billion to be borrowed. “Why do we need to borrow so much for a national identity card scheme? Can the commission explain why the identity cards have not reached a majority of Nigerians whose identities have been captured over 10 years since the scheme kicked off?” he asked. The group also picked holes on the N2.915 billion revenue expected from the minerals and mining sector, saying that it is grossly underestimated.

https://www.newtelegraphng.com/2022-budget-loaded-with-frivolities-worth-n227-1bn/

That 2022 will be massive looting for some people.. I just hope they won't put Nigeria up for sale to willing buyers like China.
Stealing is not corruption man comes to mind.

It is just like saying that you are surprised that students are learning in UNN during learning hours.

A frivolous entitity like Nigeria, shouldn't be alien to frivolous activities within it.

We all remember how Buhari promised to fight corruption

After immediately after taking over office, instituted a manhunt on former Goodluck Jonathan's cabinet and a notorious raid on the Chief Justice's homes at midnight including late Nwali Ngwuta of blessed memory

Now after all these years, we are hearing the sane thing he fought against or claimed to be fighting being introduced on a different spate

Reminds me of saying that the corruption witnessed under Goodluck will be a child's play when compared to what we will witness under Buhari

Every man is a thief.


Its natural.


Make a pastor d president of Nigeria and you'll be shocked at d kind of evil he'll orchestrate.


The looting is just turn by turn.


Those complaining are those that its not yet their turn to loot.


If it gets to me, I'll loot.

But also make sure I initiate and finish good projects that will make the life's of d masses better.

With

WHAT GOING ON WITH FIRST BANK APP

Will naija ever change?

Muhammadu Buhari's government is the most corrupt since the inception of this country.


After his tenure we will see that Abacha is a toddler compared to him.

No wahala

All those fake patriots like NGpatriot and mannabbgrills will never show their faces here.

I doubt if they even know the meaning of patriotism.

what you called Frivolities are election funds and others

So?!

God nor go shame us, please if any one knows how I can get a job in CBN, please drop info abeg.
.
Let me too enjoy FG money too.
.
I can clean if nah cleaning, I can code if nah coding, I can count money.
Infact sef if nah to dey do PA of one of those directors Dem, nothing spoil.

flokii:
That 2022 will be massive looting for some people.. I just hope they won't put Nigeria up for sale to willing buyers like China.
Stealing is not corruption man comes to mind.

If they sell us to China I think it's a welcome development cos we don't have anything meaningful coming out of these wasteful politicians

Ain't surprised

Useless govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS!

It is chop n clean mouth.

My problem is, when is it going to start to look like it's going to get better soon??

Well I am not surprised. Naija on a downward spiral to oblivion.

Funkyswagzz:


If they sell us to China I think it's a welcome development cos we don't have anything meaningful coming out of these wasteful politicians

It's not welcome o.. China does not run democracy.
If China takes over Nigeria today for instance, the NASS will go and any corrupt government official caught in corruption case executed.
The Chinese are very strict and have zero tolerance for lawlessness and corruption which has helped them in a way to move from third-world country to world power while countries like Nigeria are yet to find a bearing.

And they said that they came to fight corruption

flokii:


It's not welcome o.. China does not run democracy.
If China takes over Nigeria today for instance, the NASS will go and any corrupt government official caught in corruption case executed.
The Chinese are very strict and have zero tolerance for lawlessness and corruption which has helped them in a way to move from third-world country to world power while countries like Nigeria are yet to find a bearing.

Its a good reason to let them come in.. an average Chinese earn about $200 per day which is N85000. They way we practice democracy in Nigeria is very wrong even the name Nigeria is wrong. It will take a selfless leader to change the narratives. Look I don't support China coming in but we don't have much options anymore.

Looting every yearly budget, that's the starting point if the FG

This account is a scammer, masquerading as a data vendor on Nairaland. Be careful when you come across this account details
2035790705
Akindele olubunmi Ayobami
First bank

Ok

Na waa.

..
Tell me why corruption would ever want to leave Nigeria.

dre11:
Experts say fuel subsidy removal’ll save Nigeria N2trn



https://www.newtelegraphng.com/2022-budget-loaded-with-frivolities-worth-n227-1bn/

Mannabbqgrills, theraregem1, okefranci, nonpartisan1, buckeyemedia1, Nigerialabalaba, shooyie, ovamboland, vedaxcool, benuejosh, joylove2324...I understand. How can this be? Is this even possible in d regime of saint buhari/pastor osinbajo?