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https://www.youtube.com/watch?v=kSH-AaEw4vY?si=ZYUVGT1E2CuTQv1i

Hon. Ikwechegh Exposes Hidden Budget Leakages in Explosive NASS Session | #IgbereTV

The ongoing budget defence sessions at the National Assembly have once again reignited a long-standing debate: Is Nigeria’s budgeting process truly a mechanism for national development, or is it merely an avenue for unchecked financial mismanagement? As lawmakers scrutinize budgetary allocations, recent revelations suggest that corruption, reckless spending, and unaccountable fiscal practices continue to plague government agencies, leaving many Nigerians questioning the integrity of the system.

At the forefront of this debate is Honourable Alex Mascot Ikwechegh, a vocal advocate for financial transparency and accountability in governance. During a live interview on Channels TV's Sunrise daily, Ikwechegh raised serious concerns over the alarming trend of government agencies persistently requesting increased funding without providing justifiable accounts of previous allocations.

“Every single agency that appeared before the National Assembly has asked for more money. And the million-dollar question remains: what have they done with previous allocations?” Ikwechegh asked. His scrutiny fell particularly on the National Agency for Science and Engineering Infrastructure (NASENI), an agency established in 1992 with the mandate to drive technological innovation and industrialization in Nigeria. Despite receiving billions in funding over the years, the agency’s tangible contributions remain questionable.

“What has NASENI manufactured?” Ikwechegh continued. “We are talking about an agency that has received hundreds of billions of naira. Where are the locally made power banks, streetlights, or any meaningful industrial output?” His statement underscored the need for increased scrutiny of budgetary allocations that fail to translate into real economic progress for Nigerians.

Hon. Ikwechegh representing Aba North/South at the House of Representatives, further revealed a disturbing pattern within the budget proposals submitted by agencies. “When you open these documents, you see suspicious line items such as ‘Engagement of Scientific Personnel for Infrastructural Growth’—budgeted at 17 billion naira. Another line reads ‘Engagement for This and That’ at 10 billion. These are vague and ambiguous figures that do not translate into any measurable impact for the Nigerian people,” he stated.

The lawmaker did not stop at exposing questionable expenditures; he called for a thorough investigation into NASENI’s financial activities over the past five years. He emphasized that at a time when Nigeria’s economy is struggling under inflation and mounting debt, financial transparency should be paramount.

“If we are truly serious about President Tinubu’s ‘Renewed Hope’ agenda, we must put an end to this financial recklessness. How can we claim to be tightening our belts when agencies are inflating budgets with frivolous spending?” Ikwechegh charged.

Beyond individual agencies, the broader picture of Nigeria’s budgeting crisis is even more alarming. With an estimated 85% of the national budget dedicated to overhead costs—leaving less than 20% for capital projects—the nation is on a path toward economic stagnation unless urgent reforms are enacted. “Our focus should be on production and manufacturing, yet we spend massively on bureaucracy while ignoring the fundamental issues hindering our economy. When will we stop living on borrowed funds and start generating revenue through actual industrial output?” Ikwechegh queried.

Honourable Ikwechegh further reinforced his stance, criticizing the inefficiencies and lack of measurable progress from agencies that continue to siphon national resources. “What have they achieved with the funds they’ve received in the past?” he asked, pointing out the absence of large-scale industrial impact despite claims of producing laptops and electric vehicles.

His solution? A call for immediate reforms and stringent oversight. “We need to check their books, identify leakages, and block them. The National Assembly must take responsibility. We must go beyond oversight visits and scrutinize financial records to ensure that the Nigerian people get value for their money,” he stated.

In response to Ikwechegh’s concerns, some officials within the National Assembly argue that the budgeting process remains rigorous and transparent. However, given the historical precedent of financial mismanagement in government agencies, scepticism remains high among citizens.

With the second year of the Tinubu administration fast approaching and no significant industrial or economic progress in sight, Nigerians are left questioning whether their leaders are truly committed to economic growth or merely sustaining a cycle of budgetary waste. One thing is clear: If these allegations hold true, the nation’s economic future remains in jeopardy unless urgent action is taken to curb financial excesses within the government.

Will the National Assembly heed these calls for reform, or will this budget defence session become another chapter in Nigeria’s long history of economic mismanagement? The nation waits in anticipation.

Source : https://igberetvnews.com/1479186/naseni-fire-hon-ikwechegh-demands-probe-billions-unaccounted-funds/

Ok

Is this not the man who slapped an Uber driver?

who takes this guy serious after his incident ?

Country wey Yoruba Muslim don finish Kpatakpata.

Una vote Zone B for affair and expecting magic, una go soon tire.

Nice image laundering after the Uber driver slap episode.

Our budgets are nothing to right home about. This is the FIRST thing to check first, if we want to move ahead as a nation.

The country with potentials that never lived up to expectations

Dammmn

This Werey

We are more interested in how you are benefitting the people and area you represent

Which day will they sit? The both houses agreed to meet 27th January

Man102:

https://www.youtube.com/watch?v=kSH-AaEw4vY?si=ZYUVGT1E2CuTQv1i



Source : https://igberetvnews.com/1479186/naseni-fire-hon-ikwechegh-demands-probe-billions-unaccounted-funds/

Pay BACK,
when dey say BADT BOY got his own GOOD DAYS,
ANGER MOFO get him own GOOD DAYS on 9ja, he gave back to the COMMUNITY

Damage control...

The whole budget is a fraud year in year out. What we do mainly is pay salaries and execute meaningless inflated projects. Just look at what FG and most states governors are doing. Flyovers, Highways and useless mega airports. The MDAs too arw well represented. States too are building mosques, sharing funds to loyalists, and paying idlers.

Them go call am ipob very soon.

Infact all his corruption cases will be opened on him.

a politician for the first time is making a serious point, some imbeciles on this platform are talking about irrelevant uber driver event...Nigerian youths sorry, sorry again...fools...

Man102:

https://www.youtube.com/watch?v=kSH-AaEw4vY?si=ZYUVGT1E2CuTQv1i



Source : https://igberetvnews.com/1479186/naseni-fire-hon-ikwechegh-demands-probe-billions-unaccounted-funds/

It does seem like Hon. Ikwechegh could have directly confronted these agencies in the National Assembly sessions instead of just speaking on TV. By calling them out in the plenary, it might have forced more immediate accountability.

Goodman59:
Is this not the man who slapped an Uber driver?

He's exposing corruption of the national Assembly

Dem go soon give am shut up money

Too many impunity, mismanagement, embezzlement.

The same reason they the leaders will never allow any good person to near the seat

To make it worse, the citizens are all dumb and are controlled by tribal and ethnic sentiment.

In the next 50 years, we will remain the same if something is not done .

tbrandzdpm:
a politician for the first time is making a serious point, some imbeciles on this platform are talking about irrelevant uber driver event...Nigerian youths sorry, sorry again...fools...

If Nigerian youths aren't fools

who will vote Buhari twice and top it with Tinubu

Ganduje is warming up

Nigeria is the devil's playground

you guys should continue looting no one really gives a shit

Molusco:
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Let the Proffesional handle your Canada visa application with ease and assure results
Single and family visa application
Conference, tourist, work, business or student packages available
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Passport data page, processing and visa fee only. Call or WhatsApp us on + four 4 seven three zero four 163 zero three 3.….. or. zero 70 one two nine 8 five 9 four four…. …

Which one is processing fee?

Playing to the gallery

Shegebanza:
Which one is processing fee?

be careful

He's a scammer

zombieHUNTER:
If Nigerian youths aren't fools

who will vote Buhari twice and top it with Tinubu

Ganduje is warming up

Nigeria is the devil's playground

Typing...
You are just a paine fool who doesnt mind labelling people exercising their rights fools. If you werent one, how does rigging make those who voted fools? Or theose whose votes were violently hijacked, are they foools also?
You are extremely foolish Mr man.

Molusco:
Canada, USA and Uk guaranteed visa.
Let the Proffesional handle your Canada visa application with ease and assure results
Single and family visa application
Conference, tourist, work, business or student packages available
REQUIREMENTS .
Passport data page, processing and visa fee only. Call or WhatsApp us on + four 4 seven three zero four 163 zero three 3.….. or. zero 70 one two nine 8 five 9 four four…. …

Which one is processing fee? You might want to rewrite the word "professional" before you compound someone's visa wahala.

Goodman59:
Is this not the man who slapped an Uber driver?

And so?

Sharia has taken over your lands and ya people are jittery.

I mean that should be ya concern apparently