The Federal Government has excluded 26 professional bodies and councils of agencies from its budgetary allocations for the year 2024.

This decision is aimed at achieving a cost-saving measure, with the government targeting a savings of N27.72 billion in the 2024 budget, according to a document published on the website of the Budget Office of the Federation. 

The Director-General of the Budget Office of the Federation, Ben Akabueze, had earlier announced the discontinuation of budgetary allocations to professional bodies and councils, effective December 31, 2023.

This decision is now being implemented in the 2024 budget, reflecting the government’s commitment to fiscal responsibility. 

The formal communication of this decision was conveyed through a letter dated June 26, 2023, marked DG/BDT/GEN. CORR/2016/XII/3067.

The letter was specifically addressed to the Registrar of the Nigerian Council of Food Science and Technology, an agency under the Federal Ministry of Science, Technology, and Innovation. 

This move is part of broader efforts by the government to streamline budgetary allocations and enhance financial discipline.

The exclusion of these professional bodies is expected to contribute to more efficient resource management and allocation across government agencies and initiatives. 

Professional bodies to self-fund N27.72 billion budget in 2024 

The letter titled “Discontinuation of Funding of Professional Bodies and Councils From 2024 Budget, In Line With The Decisions Of The Presidential Committee On Salaries,” explicitly outlines that the affected institutions are now considered self-funded organizations. Consequently, they will be entirely responsible for covering their personnel, overhead, and capital expenditures going forward.

This strategic shift aligns with the recommendations of the Presidential Committee on Salaries, emphasizing a move toward greater financial autonomy for these entities. 

The letter partly read: 

“I wish to inform you that, the Presidential Committee on Salaries, at its 13th meeting, approved the discontinuation of budgetary allocation to Professional Bodies/Councils effective December 31, 2023. “The purpose of this letter, therefore, is to inform you that, in compliance with PCS’s directive, this Office will no longer make: budgetary provisions to your Institution with effect from the above-stated date, and you will be regarded as a self-funded organisation. “For the avoidance of doubt, you will be required, effective December 31, 2023, to be fully responsible for your personnel, overhead and capital expenditures. The request for exemption by the council may have been granted.” 

More Insights

The recent suspension of budgetary allocations for 26 professional bodies and councils by the Federal Government is poised to reshape their financial dynamics.

Traditionally reliant on government funds, these entities, spanning ministries such as Trade and Investment, Information and Communication, Agriculture and Rural Development, Transport, Mines and Steel, Justice, Works and Housing, as well as Environment, will now need to pivot towards alternative revenue streams. 

The affected bodies include significant entities like the Advertising Regulatory Council of Nigeria, the Council for Registered Engineers of Nigeria, the Nursing and Midwifery Council, and the Optometrist and Dispensing Opticians Board of Nigeria.

Levies such as registration fees, licensing fees, renewal fees, examination fees, and membership fees may emerge as primary funding sources in the absence of government budgetary support.

This shift marks a significant transition toward financial self-sufficiency for these organizations. 


https://nairametrics.com/2024/01/01/fg-excludes-26-professional-bodies-from-2024-budgetary-allocations/

They should go and beg for fund in the street nah, some of this bodies doesn't have any meaningful impact on economy.

Why not scrap them entirely... Where will those monies be channel to .. to private pockets I guess

By the time Tinubu complete his first tenure he might be Nigeria best present ever.

SensetionalGoal:
Why not scrap them entirely... Where will those monies be channel to .. to private pockets I guess

Even if they are scrap, you will still wail

Good move.

The proliferation of such bodies at times are merely aimed at the subventions they get from the federal government.

With self funding, there shall be more accountability of members levies and more efcc wahala for the excos that may want to misappropriate funds.

Again, Good moves by the government.

I pray so but so far nothing close to that.

johnmartus:
By the time Tinubu complete his first tenure he might be Nigeria best present ever.

Too many fraud and Wasteful spending

That's why you can but love this man called tinubu, cutting cost of governance and ready to serve the people

We watching you in 3D fg👹👹

johnmartus:
By the time Tinubu complete his first tenure he might be Nigeria best present ever.

yinmu

Akinboboz:
They should go and beg for fund in the street nah, some of this bodies doesn't have any meaningful impact on economy.

Think again!

Lol

Good

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Higherthan:
That's why you can but love this man called tinubu, cutting cost of governance and ready to serve the people

Is he also cutting his own expenditures?

Hypocrites!

This is commendable.

Tinubu retained Ben Akabueze as DG Budget office, i'm most certain the President will work with him the entire duration of his tenure. I was suprised he retained Ajuri too after his 8years with Buhari. Asiwaju doesn't throw his own under the bus and these guys are good at what they do too.

After saving the N27 billion, the government will use the money to build car park. Imagine that the year 2024 budget is N7TR trillion naira despite the removal of fuel subsidy.

That burden would be shifted and placed on those wanting to acquire the professional body certification
Which leads to increased fees for study and certification

Nigerians are in for a bad ride. Civilians are wicked.

MrPOTUS:



Is he also cutting his own expenditures?

Hypocrites!

🐖

Interesting

All the money saved, what has it been used for
Nigerians are not scared to make sacrifices , the question is, what sacrifices is the government making

Nice move.

Traditionally reliant on government funds, these entities, spanning ministries such as Trade and Investment, Information and Communication, Agriculture and Rural Development, Transport, Mines and Steel, Justice, Works and Housing, as well as Environment, will now need to pivot towards alternative revenue streams.

These ministries and department can actually generate their revenue and take care of themselves with just little of government financing. Let them work like FIRS. It will bring more sanity and cause those ministries ti sit up and work. Agriculture won't only be in the books and theory but practical too. Let them generate revenue for the government too.

SensetionalGoal:
Why not scrap them entirely... Where will those monies be channel to .. to private pockets I guess

Scrap professional bodies?, pls don't tell me you went to school.

PBAT has a blueprint, he isnt clueless, i hope he suceeds because there are a lotta citizens in this country praying he shouldnt suceede just because he isnt their choice, NIGERIA IS MY COUNTRY AND IT WILL REMAIN MY COUNTRY