• About Us
  • Home
Friday, December 5, 2025
Shaka Momodu
  • Right Of Reply
  • News
  • Politics
  • Business
  • OpEds
  • Sports
No Result
View All Result
  • Right Of Reply
  • News
  • Politics
  • Business
  • OpEds
  • Sports
No Result
View All Result
Shaka Momodu
Home Business

Tracka Uncovers N732.5 Billion in Empowerment Projects, Criticizes Federal Government’s Budget Priorities

by News Reporters
1 year ago
in Business, News
0 0
0
Tracka Uncovers N732.5 Billion in Empowerment Projects, Criticizes Federal Government’s Budget Priorities
Share on FacebookShare on Twitter

Tracka, BudgIT’s service delivery promotion platform, has revealed N732.5 billion worth of empowerment projects in the 2024 federal government capital and constituency projects, a figure significantly higher than the N646.5 billion allocated to health projects. This revelation has raised concerns about the government’s budget priorities, especially given Nigeria’s high child mortality rate.

According to a statement from Tracka, the Nigerian government has not prioritized critical emergencies in the health sector despite the country having the second-highest child mortality rate in the world. The organization highlighted that empowerment projects are often vague, challenging to track, and susceptible to misuse as they are used to funnel public resources to party loyalists.

Tracka noted that the 2024 federal budget includes 4,440 empowerment projects, a significant increase from previous years. These projects, traditionally limited to constituency projects, have increasingly been included in capital projects through insertions by the National Assembly. The statement mentioned that the National Assembly inserted 7,447 projects valued at N2.24 trillion in the 2024 budget, exacerbating the nation’s infrastructure gap and budget deficits.

Further analysis by Tracka revealed that over 2,558 projects worth N624 billion were allocated to agencies outside their mandate. For instance, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) was allocated N5 billion for the procurement and distribution of official vehicles to selected traditional rulers, and the Nigeria Institute of Oceanography and Marine Research (NiOMR) was allocated N2.32 billion to construct a 3.5km road.

Gabriel Okeowo, BudgIT’s Country Director, expressed concern over this trend, stating that assigning projects to agencies outside their mandate undermines monitoring, evaluation, and sustainability. These agencies often lack the expertise and personnel to ensure quality service delivery, leading to under-delivery and waste of taxpayers’ money.

Ayomide Ladipo, Head of Tracka, called on anti-graft agencies to investigate these budget anomalies to prevent diversion, misappropriation, and embezzlement of public funds. Tracka also urged elected representatives and government agencies to provide timely updates to the public and ensure the quality implementation of projects to maximize the benefits of public funds for Nigerians.

Previous Post

Fuel Scarcity Strikes Lagos and FCT, Petrol Prices Surge to N900 Per Litre

Next Post

How Nigeria Fiscal Measures Aims to Address Food Crisis and Inflation

Next Post
How Nigeria Fiscal Measures Aims to Address Food Crisis and Inflation

How Nigeria Fiscal Measures Aims to Address Food Crisis and Inflation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RSS Some News Around

  • Lionel Messi Drops Hint That He Could Miss 2026 FIFA World Cup
  • Foreign Powers Backing Terrorists in Nigeria, Sheikh Gumi Claims
  • Why Donald Trump Imposed Visa Restrictions on Nigeria, Timi Frank Gives Reason
  • Insecurity Gulps over N100b in Borno State, Says Zulum
  • NSCDC Borno State Command Flays One-sided Report against Personnel
  • NLC Threatens Nationwide Protests, Withdraws from Labour Party
  • Independence Struggle’s ‘Last Man Standing’ — Tinubu Hails Tanko Yakasai at 100
  • President Tinubu Writes Senate, Seeks Omokri, Fani-Kayode, Others’ Confirmation
  • 2026 World Cup Draw: All You Need To Know
  • There Will Be No More Negotiation Or Ransom Payment To Terrorists, Defence Minister, Gen. Musa Declares
  • About Us
  • Home

© 2022 THIS REPUBLIC By Shaka Momodu

No Result
View All Result
  • Right Of Reply
  • News
  • Politics
  • Business
  • OpEds
  • Sports

© 2022 THIS REPUBLIC By Shaka Momodu

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version