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BudgIT Nigeria Profile picture
BudgIT Nigeria
@BudgITng
Nigeria's civic tech organisation, raising the standards of transparency, citizen engagement & accountability most especially in public finance. #AskQuestions
Sep 20, 2018 • 10 tweets • 5 min read
THREAD: Friends, ahead of @EiENigeria and partners debate with Osun Guber candidates, let's have a quick review of Osun State Finances.

You will notice that Osun State receipts from FAAC has dwindled. From a Net FAAC Allocation of N46bn in 2013 to N10.4bn in 2017. #OsunDecides Oil prices started falling in 2014, a big challenge for Osun State has been its accumulation of debt not linked to growth in internal revenues. Total Debt Stock moved from N51bn in 2013 to N167bn as at 2017. #OsunDecides
Sep 19, 2018 • 8 tweets • 6 min read
Extracts from the 2018 State of States Reports!

THREAD!!!

This is how your state generated its IGR in 2017! Its Obvious Lagos State is the Elephant in the room.

#StateOfStates2018
#AskQuestions This is what your state is owing when it comes to DOMESTIC DEBT. Well, Its obvious Lagos state is also taking the LEAD.

#StateOfStates2018
#AskQuestions
Aug 8, 2018 • 8 tweets • 5 min read
#Thread

NNPC claims it lost N111.42 billion worth of crude oil and products in its custody between 2015 - 2017. This is separate from the N427 billion it claimed as financial losses incurred at its corporate headquarters alone, CHQ within the same period.

#FixOurOil NNPC paid N450 billion as subsidy to oil marketers without approval of the National Assembly. As a result, PMS 'consumed' JUMPED from 24.1m litres/day to a peak of 52.7m liters/day in March 2017. The extra, cheap fuel is sent out for sale neighbouring countries.

#FixOurOil
Jun 13, 2018 • 27 tweets • 13 min read
Join us at 12:00 pm as we discuss the Petroleum Industry Administration Bill @NRGInstitute @OSIWA1 #FixOurOil What is the Bill meant to do? #FixOurOil
May 29, 2018 • 14 tweets • 8 min read
THREAD: Here is the review of the performance of the current administration of @NGRPresident @MBuhari. We present few charts to show the economic directions, with recent growth less than 2%.

#DemocracyDay From June 2015 to December 2017, FG has spent N13.23tn, with only 12% (N1.58tn) going to capital expenditure. Source: CBN
#DemocracyDay