Economy---Politics
May 17, 2021
Economy and Politics: 2021 Budget: The FG Needs to Address Issues of Duplicated Projects - Damilola Onemano
This edition of the Economy and Politics show features Damilola Onemano, Analyst, Research and Policy Advisory, BudgIT Foundation speaks on "Nigerian and The Quest For Transparency In Its Budget Process"

She tasked the FG on the need to block the loopholes in the 2021 budget and ensure transparency and accountability is entrenched in the budget releases done across the ministries, departments and agencies, MDAs. 

From a recent BudgIT report titled "Demanding Budget Reforms for Resource Optimization", Damilola noted that 316 duplicated capital projects were unraveled from 19,036 projects analyzed from the MDAs.

The BudgIT report highlighted other concerns from the FGN Budget 2021 which include;
  1. Capital Budget Padding
  2. Misplaced Projects & Fragmentation
  3. Frivolous, Unclear & Suspicious Items
  4. Weak Inter-Agency Collaboration & Weak PPP Adoption 

She believed the Federal Ministry of Finance, Budget and National Planning, has a major role to play in driving the required reforms for a stabilized economy. 

Watch Video Courtesy WebTV NG


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