Business News

BudgIT uncovers N8.6 billion allocation to 19 non-executed projects in 2022 budget

BudgIT, a civic-tech non-profit organization, has uncovered the sum of N8.6 billion payment for 19 projects left abandoned in nine different states across the country.

The survey, which was conducted by Tracka, a service delivery promotion platform of BudgIT, revealed that the funds were allocated to twenty-six contractors in the 2022 budget as part of capital expenditure. However, none of the projects were either executed or completed.

This was shared in a press release by the organization on Wednesday, highlighting some of the states where such projects were abandoned.

Furthermore, reacting to the report’s findings, BudgIT Country’s Director, Gabriel Okeowo expressed his displeasure over the contractors’ failure to execute the projects while having received payment.

He therefore called on President Tinubu to devise ways to fix the loopholes and leakages that are responsible for the misappropriation of capital expenditure in budgetary allocation.