Why we’re at 25% implementation of 2024 capital budget – Ministers
The National Assembly expressed concerns over the low 25% implementation of the 2024 capital budget despite an extension to June 2025. The delay is attributed to non-release of funds, with most resources allocated to recurrent expenditures, including military campaigns, unpaid pensions, and gratuities inherited by President Tinubu’s administration. Ministers Wale Edun and Atiku Bagudu were urged to urgently release funds for capital projects to prevent abandoned initiatives and ensure tangible impact on the population. Lawmakers criticised the current 80% recurrent-to-20% capital expenditure ratio, advocating for a shift to at least 60:40 to spur economic growth. Rehttps://blueprint.ng/why-we-are-at-25-implementation-of-2024-capital-budget-ministers/ad more
Athena Commentary:
The critique of the low capital budget implementation underscores systemic inefficiencies in Nigeria’s budgetary process. While addressing inherited liabilities is commendable, the overwhelming allocation to recurrent expenses reflects poor fiscal balance, undermining economic growth and public trust. The suggested legislative reforms and improved fund disbursement for capital projects are crucial but require political will and structural changes. The persistent focus on debt repayments and waivers further limits fiscal flexibility, challenging the government’s ability to deliver meaningful infrastructure and economic development.
FG says call, data tariff hike imminent, rules out 100% increase
The Federal Government (FG) has indicated its willingness to consider a hike in call and data tariffs proposed by telecom operators but ruled out their demand for a 100% increase. Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, highlighted the government’s role in balancing the interests of operators and subscribers during a stakeholder meeting in Abuja. While telecom companies argue that higher tariffs are necessary to maintain quality services, subscribers remain strongly opposed. The Nigerian Communications Commission (NCC) is expected to approve revised tariffs soon. Operators have warned of potential sector shutdowns without an increase, while subscribers urged the exploration of alternatives to higher charges. Read more
Athena Commentary:
The impending tariff hike underscores the tension between sustaining industry viability and protecting consumer affordability. While operators face rising operational costs, a significant increase risks alienating subscribers and widening the digital divide in Nigeria. The government’s balanced approach is commendable but must also include innovative solutions such as tax relief for operators or incentivising infrastructure sharing to reduce costs. Clear communication with the public on the rationale for any increase is crucial to maintain trust and avoid backlash.
No vacancy in PDP leadership positions – Damagun
The acting National Chairman of the Peoples Democratic Party (PDP), Ambassador Umar Damagum, has cautioned social media handlers and bloggers against spreading false information that could create divisions within the party. Speaking through his senior special assistant, Hon. Yusuf Dingyadi, at a two-day capacity-building workshop in Birnin Kebbi, he emphasised the need for participants to focus on promoting the party’s manifestos and visions, stressing that the PDP is larger than any individual. Damagum also assured supporters that the party’s leadership remains stable and criticised those attempting to create discord. Read more
Athena Commentary:
This warning reflects the increasing influence of social media in shaping political discourse and the potential for misinformation to harm internal party cohesion. While the PDP’s effort to train its media handlers is commendable, the statement could benefit from concrete measures to address falsehoods beyond mere warnings. Strengthening fact-checking mechanisms and promoting transparency within the party would help build credibility and minimise the impact of misinformation.
JAMB generates N22 billion, remits N6 billion in 2024 — Official
The Joint Admissions and Matriculation Board (JAMB) generated N22 billion in revenue in 2024, remitting N6 billion to the federal government. The board spent over N18 billion on conducting the Unified Tertiary Matriculation Examinations (UTME), service providers, and staff claims, including N2.1 billion for staff entitlements. JAMB also provided a N1,500 subsidy per UTME candidate, totalling N3 billion. This reflects significant improvement compared to the pre-2016 period, when remittances were minimal, growing under the leadership of Professor Is-haq Oloyede. Meanwhile, former registrar Professor Dibu Ojerinde remains on trial for alleged misappropriation of over N900 million in public funds during his tenure. Read more
Athena Commentary:
JAMB’s improved financial performance and transparency since 2016 highlight the impact of effective leadership and accountability reforms. However, the high expenditure on operational costs relative to remittances raises questions about efficiency and cost management. The ongoing trial of the former registrar underscores the need for stronger institutional checks to prevent financial misconduct. JAMB must also ensure that subsidies and expenditures translate into tangible benefits for candidates and the education sector.