FG publishes budget for 62 Government-Owned Enterprises for the first time on the Federation's website

For the first time in the history of budgetary allocations in Nigeria, the Federal Government, has published the proposed budget for 62 Government-Owned Enterprises on the Budget Office of the Federation's website, Fresh Angle International, can report.

The step, according to BudgIT, came after its advocacy efforts, including an opinion piece, 2024 Budget: 10 Plagues President Tinubu Must Avoid, published in August 2023, urging the administration to make the GOEs' budget public.

BudgIT, is a prominent civic-tech organization promoting transparency, accountability and effective service delivery in Nigeria,

In a statement released yesterday, Wednesday January 3, on its X handle, BudgIT, commended the Federal Government for Publishing the Proposed 2024 Government Owned Enterprises Budget.

The statement, which was e-signed by the Communications Associate of BudgIT, Nancy Odimegwu, noted: “In response to several requests by BudgIT, the Federal Government of Nigeria, for the first time, published the proposed budget for 62 Government-Owned Enterprises on the Budget Office of the Federation's website.

“Additionally, on December 11, 2023, we raised concerns about the absence of GOEs' budget in the 2024 Appropriation Bill, drawing attention through another opinion piece, 2024 Budget: Issues Begging for Attention.

“As a result of this unprecedented feat, we commend the Federal Ministry of Budget and National Planning and the Budget Office of the Federation for heeding several calls made over the years by BudgIT and other civil society actors on the need for increased transparency in GOE

operations.

“While disclosing the proposed 2024 GOEs' budget is crucial in spotlighting these revenue-generating entities, further disclosure of its Approved Budget and previous years' Budget Implementation Reports is vital to foster accountability.

“To this end, we urge the Federal Ministry of Budget and National Planning and the Budget Office of the Federation to continue in their effort to ensure transparency in the use and allocation of government resources. We anticipate that the Ministry will make public comprehensive details of the 2024 Approved Budget to keep citizens informed and empowered to engage with the government across all levels.

“Access the GOEs Budget here:

https://budgetoffice.gov.ng/index.php/resources/internal-resources/budget-documents/2024-budget/goes-budget  

×