2024 budget a revelation on abuse of funds by MDAs

Fewer than 15 Federal Government ministries, departments, and agencies (MDAs), including the Presidency, and their associated agencies have allocated a staggering N8,997,097,623 billion to welfare packages out of the over N46 billion earmarked for vague “miscellaneous” expenses across the board in the 2024 national budget, investigations by. These MDAs exploit this ambiguous budget line to allocate funds to non-viable causes while the country and its citizens, particularly those in the private sector, grapple with economic hardships. These allocations raise serious concerns about the misuse of public funds, especially considering the prevailing economic challenges faced by Nigerians. Despite the urgent need for fiscal prudence and accountability, budget allocations continue to be marred by opacity and inefficiency, further eroding public trust in government institutions. Many people believe that urgent measures must be taken to enhance transparency and accountability in budgetary processes, ensuring that public funds are utilized judiciously for the benefit of all citizens.