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FG Discontinues Funding Of Professional Bodies, Councils - Politics - Nairaland

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#RevolutionNow: FG Discontinues Treasonable Felony Trial Against Sowore, Bakare / FG Excludes 26 Professional Bodies From 2024 Budgetary Allocations / Subsidy On Professional Bodies Removed (2) (3) (4)

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FG Discontinues Funding Of Professional Bodies, Councils by nlfpmod: 2:08pm On Jun 29, 2023
The Federal Government has approved the discontinuation of budgetary allocations to professional bodies and councils effective December 31, 2026.

The new directive was disclosed in a letter obtained by our correspondent on Wednesday. It was addressed to the Registrar, Nigerian Council of Food Science and Technology, an agency under the Federal Ministry of Science, Technology and Innovation.

The letter, marked DG/BDT/GEN. CORR/2016/XII/3067 and dated June 26, 2023, was issued from the Budget office of the federation and signed by the Director General, Akabueze Ben.

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,” further stated that the institutions were now regarded as self-funded organisations and will henceforth be fully responsible for their personnel, overhead and capital expenditures.

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, 2026.

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, 2026, to be fully responsible for your personnel, overhead and capital expenditures.

“Please accept the assurance of my best regards
,” the letter concluded.

Further findings by our correspondent revealed that at least 25 professional bodies and councils under the Ministry of Trade and Investment, the Ministry of Information and Communication, the Ministry of Agriculture and Rural Development, the Ministry of Transport, the Ministry of Mines and Steel, the Ministry of Justice, the Ministry of Works and Housing, and the Ministry of Environment will be affected by the new development.

They include the Teachers Registration Council of Nigeria, the Computer Registration Council, the Librarians Registration Council, the National Education Research and Development Council, the Mass Literacy Council, the National Examination Council and the West African Examination Council (Local and International) under the Ministry of Education.

Under the Ministry of Health, the Nursing and Midwifery Council, the Pharmacist Council of Nigeria, the Medical and Dental Council of Nigeria, and the Medical Laboratory Science Council of Nigeria will be affected.

Others include the Environmental Health Council of Nigeria, the Nigeria Press Council, the Council for the Regulation of Freight Forwarding in Nigeria, the Council of Nigerian Mining Engineers and Geosciences, the Veterinary Council of Nigeria, the Council for the Regulation of Engineering in Nigeria, the Survey Council of Nigeria, the Legal Aid Council, the Council of Legal Education, the National Automotive Design and Development Council, the Nigeria Export Promotion Council, the Financial Reporting Council of Nigeria, the Nigeria Investment Promotion Council, and the Nigerian Council of Food Science and Technology.

The development comes amid the need for the government to cut the cost of governance.

With a total debt stock hovering around N49.85 trillion, excluding the Central Bank of Nigeria’s N22.719 trillion Ways and Means loan, the country’s debt sustainability is a major concern to Financial Experts.

DMO had expressed worries that the federal government’s debt service to revenue-ratio of 73.5 per cent for 2023 exceeded the recommended threshold of 50 per cent.

https://thenigerialawyer.com/orosanye-report-fg-discontinues-funding-of-professional-bodies-councils/


Previous thread https://www.nairaland.com/7744252/subsidy-professional-bodies-removed

32 Likes 5 Shares

Re: FG Discontinues Funding Of Professional Bodies, Councils by Likoya: 2:08pm On Jun 29, 2023
Deleted

75 Likes 5 Shares

Re: FG Discontinues Funding Of Professional Bodies, Councils by Ihateheadslamer: 2:08pm On Jun 29, 2023
angry

Until they stop the funding of our Nigeria politicians from going abroad for treatment, that is when I'll take the federal government serious tongue

252 Likes 19 Shares

Re: FG Discontinues Funding Of Professional Bodies, Councils by God1000(m): 2:11pm On Jun 29, 2023
They should cut their own salaries and other benefits as well.


The cost of governance is too high in Nigeria.

Reduce NASS budget from N228.1b to 50b

263 Likes 28 Shares

Re: FG Discontinues Funding Of Professional Bodies, Councils by Pooldrowning(f): 2:12pm On Jun 29, 2023
Orosanye report gathered dust on JONATHAN's table.

The same report gathered more dust on BUHARI's table.

Now, the report has started gathering plenty more dust on President TINUBU's table.

Why is it hard for these leaders to save cost, starting from them?!

171 Likes 14 Shares

Re: FG Discontinues Funding Of Professional Bodies, Councils by akeentech(m): 2:14pm On Jun 29, 2023
Asiwaju should make sure the politicians starting from his office cut their salaries too, from there we can be sure of his good intentions for the nation.

104 Likes 4 Shares

Re: FG Discontinues Funding Of Professional Bodies, Councils by opera1(m): 2:14pm On Jun 29, 2023
It's very good because most of these unions offers nothing to the economy but just to embezzle money.

49 Likes 2 Shares

Re: FG Discontinues Funding Of Professional Bodies, Councils by Chevrolet076(m): 2:14pm On Jun 29, 2023
So many subsidies. What's the plan after these removals anyway?

16 Likes 1 Share

Re: FG Discontinues Funding Of Professional Bodies, Councils by Buffalo2(m): 2:15pm On Jun 29, 2023
Ghen ghen...........Waiting for cut down on politician pay too.

25 Likes 1 Share

Re: FG Discontinues Funding Of Professional Bodies, Councils by gabazin080(m): 2:15pm On Jun 29, 2023
I will take them serious when they cut down politicians salary by half and remove all allowances they enjoy thereby making political seats unattractive

84 Likes 1 Share

Re: FG Discontinues Funding Of Professional Bodies, Councils by DEXTROVERT: 2:15pm On Jun 29, 2023
Gbas
Gbos
Continues

Pushing
Everything
To
The
Poor
Masses

The
Poor
Can't
Breeeethe

Suffocation is much

18 Likes

Re: FG Discontinues Funding Of Professional Bodies, Councils by YeyeGbami: 2:15pm On Jun 29, 2023
Not bad

2 Likes

Re: FG Discontinues Funding Of Professional Bodies, Councils by EdiskyHarry: 2:15pm On Jun 29, 2023
I keep asking, will there ever be a time Nigerians will be having rest of mind.
Everyday is problem in Nigeria.
In many African countries, electricity is no longer an issue, but since the creation of Nigeria, constant electricity is one of the biggest problem.
Let's not decieve ourselves, Nigeria was never one country, it was as a result of the British selfishness that this china, Iran, Russia, USA, Israel was merged together to be called Nigeria.
The only way out will be secession.
Let everybody go Their ways and see how everything will go normal.

24 Likes 3 Shares

Re: FG Discontinues Funding Of Professional Bodies, Councils by dayleke: 2:15pm On Jun 29, 2023
Is it okay?
Re: FG Discontinues Funding Of Professional Bodies, Councils by jogsman01(m): 2:15pm On Jun 29, 2023
The news made FP some days ago nau

2 Likes 1 Share

Re: FG Discontinues Funding Of Professional Bodies, Councils by sofeo(m): 2:15pm On Jun 29, 2023
Alright
Re: FG Discontinues Funding Of Professional Bodies, Councils by damble: 2:16pm On Jun 29, 2023
We are yet to see the sacrifices/cutting costs from the government side. I can still remember how TINU mobilized different groups to protest against Jonathan's policies. Can't will find someone from the opposition to mobilize diiferent groups for protest now or none is generous and have political strategists like TINUBU?

8 Likes

Re: FG Discontinues Funding Of Professional Bodies, Councils by Gandah(m): 2:16pm On Jun 29, 2023
Wow
Re: FG Discontinues Funding Of Professional Bodies, Councils by Obyangel: 2:16pm On Jun 29, 2023
Nice one from Agbado federation, cut political aids, slash presidential and political appointees salaries, merge FRSC with VIO or disband VIO, open borders, improve electricity and security.

5 Likes 3 Shares

Re: FG Discontinues Funding Of Professional Bodies, Councils by kkonsults: 2:16pm On Jun 29, 2023
Serious
Re: FG Discontinues Funding Of Professional Bodies, Councils by EnglandAmaka(f): 2:16pm On Jun 29, 2023
Dear Lord, guide my steps, don’t let pénįs scatter my plans cool cool shocked

4 Likes

Re: FG Discontinues Funding Of Professional Bodies, Councils by pabu(m): 2:16pm On Jun 29, 2023
We still sit don de look

1 Like

Re: FG Discontinues Funding Of Professional Bodies, Councils by Chibuzoripob: 2:17pm On Jun 29, 2023
cool
Re: FG Discontinues Funding Of Professional Bodies, Councils by internationalman(m): 2:17pm On Jun 29, 2023
A government that doesn't want to be financially responsible for any services to humanity in the country they are governing..

22 Likes 2 Shares

Re: FG Discontinues Funding Of Professional Bodies, Councils by Emmastan291: 2:18pm On Jun 29, 2023
IMO, There's nothing wrong with FG funding these professional bodies just that a small group of people doesn't make use of the money properly...
The Professional Bodies also should not depend on the FG for its funds, they should find ways of making their money..

7 Likes 1 Share

Re: FG Discontinues Funding Of Professional Bodies, Councils by FOOTSOLDIER2(f): 2:18pm On Jun 29, 2023
First time I have to admit that this move is commendable, all those agencies, professional bodies and all of them are all agent of corruption but the big question is what happens to the Monies saved from eliminating these expenses?

31 Likes

Re: FG Discontinues Funding Of Professional Bodies, Councils by Jmk9292(m): 2:18pm On Jun 29, 2023
Let it go round

1 Like

Re: FG Discontinues Funding Of Professional Bodies, Councils by Thisis2raw(m): 2:18pm On Jun 29, 2023
They should stop paying the national assembly, they are the biggest waste of our money

10 Likes

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