{"id":115413,"date":"2021-12-02T15:21:48","date_gmt":"2021-12-02T14:21:48","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=115413"},"modified":"2021-12-02T15:35:21","modified_gmt":"2021-12-02T14:35:21","slug":"nigeria-has-a-spending-problem-says-budgit","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/12\/02\/nigeria-has-a-spending-problem-says-budgit\/","title":{"rendered":"Nigeria has a spending problem, says BudgIT"},"content":{"rendered":"<p>Chief Executive Officer of BudgIT, a civic tech non-profit organisation, Gabriel Okeowo has disclosed that Nigeria has a spending problem.<\/p>\n<p>This is coming on the heels of findings by the<span class=\"acssf62a8\">\u00a0<a href=\"https:\/\/icpc.gov.ng\/\">Independent Corrupt Practices and Other Related Offences Commission<\/a>(ICPC)<\/span><span class=\"acssf62a8\"> that 257 projects amounting to N20.138 billion were duplicated in the 2021 budget.<\/span><\/p>\n<p><span class=\"acssf62a8\">Reacting to this on Sunrise Daily, a Channels Television programme, on Thursday, Okeowo said it is time for critical stakeholders to come to terms with the \u201cexpenditure inefficiency problem\u201d.<\/span><\/p>\n<p><span class=\"acssf62a8\">He also tasked the ministry of finance to allow for transparency in tracking government spending in every fiscal year.<\/span><\/p>\n<p><span class=\"acssf62a8\">He added that managing the country\u2019s revenue is the first step towards decimating corruption.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201c<\/span><span class=\"acssf62a8\">It is high time that we began to realise that we do not only have a revenue problem, we also have expenditure inefficiency problem,\u201d he said.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cThe same way the nation came to term that we have a revenue problem. We have been shouting that before now but it was just about a year ago that the critical stakeholders of the government are now agreeing that we have a revenue problem.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cWe need to first establish that we have an expenditure inefficiency problem, and then when we establish that, we should also establish that our way out is not to spend more.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cWhat happens to managing the resources we have effectively? That is where we need to start from. And what we need to do is that the budget office, the ministry of finance still have a lot of work to do.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cIf there is a department within the ministry that is looking into the efficiency of government spending. They need to put that information out.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chief Executive Officer of BudgIT, a civic tech non-profit organisation, Gabriel Okeowo has disclosed that Nigeria has a spending problem. This is coming on the heels of findings by the\u00a0Independent Corrupt Practices and Other Related Offences Commission(ICPC) that 257 projects amounting to N20.138 billion were duplicated in the 2021 budget. Reacting to this on Sunrise [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":611,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[16587],"tags":[7397,24012,769,24013],"class_list":["post-115413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-budgit","tag-decimated-corruption","tag-icpc","tag-spending-problem"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria has a spending problem, says BudgIT<\/title>\n<meta name=\"description\" content=\"Chief Executive Officer of BudgIT, a civic tech non-profit organisation, Gabriel Okeowo has disclosed that Nigeria has a spending problem.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/12\/02\/nigeria-has-a-spending-problem-says-budgit\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria has a spending problem, says BudgIT\" \/>\n<meta property=\"og:description\" content=\"Chief Executive Officer of BudgIT, a civic tech non-profit organisation, Gabriel Okeowo has disclosed that Nigeria has a spending problem. 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