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Dataphyte’s review of Nigeria’s 2019 audit report has shown that Nigerian Ministries, Departments and Agencies spent monies running into trillions of naira without appropriation or financial transparency.
2021 budget projected revenue stands at ₦7.89 trillion, creating a deficit of ₦5.61 trillion;
According to the 2020 revised budget bill the Federal Government, through its 2020 Budget revision, has increased the budget deficit to ₦4.95 Trillion. However, it discarded the initial plan to reduce the 2020 Appropriation by ₦1.5 Trillion in what can be described as a tactical way to finance the increment to its recurrent expenditure.
Food items contributed more to consumers’ expenses in 2019 with a record of N40.2 trillion on household consumption. The report by the National Bureau Of Statistics (NBS) has shown.
The federal government has deemed it fit that two thousand naira (N2,000) would be enough in the year 2020 to provide for the healthcare of each of the estimated 200 million Nigerians. This is according to the meagre 427.3 billion naira being budgeted for Healthcare in the proposed 2020 national budget.
