42% of proposed 2018 Capital allocations not useful to Nigerians – BudgIT

Civic technology organisation, BudgIT Nigeria, has said 42 per cent of the N2.7 trillion capital allocation in the 2018 budget has no direct impact on Nigerians. According to BudgiT, 42.9 per cent of the capital allocation proposed by the Federal Government would go into administrative items like procurement of cars, retrofitting of government offices, trainings, consultancies, purchase of furniture and computers.

The statement from the organisation said it expected that capital projects would be solely devoted to projects with direct developmental impact on the larger population in a pre-election year.

Related posts:

Moody reports stable outlook for Nigerian banks Senate asks Buhari to transmit supplementary budget Compliance on oil supply cut agreement is improving – Barkindo Foreign outflows from stock market increased by 98% in February —NSE Christine Largade resigns as IMF MD Power sector loses N468.4bn as hitches stall 33,122mw Oil Thieves drill into Dubril oil evacuation network in new crude theft NCC to engage investors, stakeholders on 3.5GHz Spectrum Auction