Saturday, April 18, 2026
31.9 C
Lagos

Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

BOOK REVIEW: Personal Cost Control Strategies

  Author: Festus Abiodun Adebisi Publisher: Maximax Inc. Reviewer: Goke Ilesanmi Many people...

The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

After kicking off in Lagos, Martell’s nationwide campaign, Martell...

PR Industry Leaders Hail Adejumoh’s Book, Advocate Strategic Shift in Practice

L-R: Chief Yomi Badejo-Okusanya (YBO), Chairman, Board of the...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

Insurance

NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

‎The Commissioner for Insurance, National Insurance Commission, Mr. Olusegun...

Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

The National Insurance Commission (NAICOM) reaffirms its strong commitment...

Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

BOOK REVIEW: Personal Cost Control Strategies

  Author: Festus Abiodun Adebisi Publisher: Maximax Inc. Reviewer: Goke Ilesanmi Many people...

The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

After kicking off in Lagos, Martell’s nationwide campaign, Martell...

PR Industry Leaders Hail Adejumoh’s Book, Advocate Strategic Shift in Practice

L-R: Chief Yomi Badejo-Okusanya (YBO), Chairman, Board of the...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

Insurance

NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

‎The Commissioner for Insurance, National Insurance Commission, Mr. Olusegun...

Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

The National Insurance Commission (NAICOM) reaffirms its strong commitment...

‘No Transparency in Nigerian State Budgets’

BudgIT is currently conducting its #StateofStates campaign which examines the level of transparency in the 36 Nigerian States. In its online assessment on the availability of public finance documents in State government domains, we observed that as at June 20, 2018, only 15 States in the country had published their budget documents online.

BudgIT, a civic tech transparency organisation working on holding government accountable and creating an active citizenry to improve governance is following the non-availability of States fiscal plan and urging Nigerians to demand their States budgets collectively.

Following this call, we were able to obtain fifteen (15) State budget documents for 2018. The States are Borno, Delta, Edo, Ekiti, Gombe, Kaduna, Kano, Katsina, Kogi, Kwara, Lagos, Nasarawa, Ondo, Plateau and Yobe.

It is instructive to note that only 13 States (Borno, Delta Edo, Ekiti, Gombe, Kaduna, Kano, Katsina, Kogi, Nasarawa, Ondo, Plateau and Yobe) of the 15 States are sufficiently detailed while Lagos and Kwara States provided a summary of their budgets on the government websites.

The document provided lacks actionable detail with which citizens can hold their elected officials to account. The organisation says it would like to state explicitly that Lagos and Kwara States have a history of opacity over the years and are notorious for resisting attempts by citizens to pry into the affairs of the state.

Shrouding public finance information in secrecy thereby encourages corruption and mediocre performance in the States.

The #StateofStates advocacy continues to critically look at the proactiveness in the disclosure of information in the Nigerian States and their compliance with the Freedom of Information law where applied. Transparency in the States continues the downward swing as governments persist in denying citizens the access to relevant information.

It is commendable that the States released full budget documents to the public, but it must be published within a reasonable timeframe. The proposed budget details presented to the State House of Assembly should be made available to the public to enable them to engage their Legislators during the budget debate. Any State keen on citizen participation in governance should publish full details of the proposal with 48 hours of submission to the legislature.

The fundamental requirement of good governance is transparency, and the least form of transparency is the availability of public finance information.

Abayomi Akinbo, BudgIT Project Manager, observed:”Information on government spending from the public purse should be provided to the people by the government through various communication channels; one of which is the official state website. However, this is not the case with State governments in Nigeria.”

The organisation states: “Beyond the release of pictures and stories of projects executed, it is vital that citizens are informed of project cost to enable them to decide if the project delivered optimum value for money spent. Nigeria battles the current scourge of corruption due to the prevailing practice of opacity at federal, state and local levels. No country achieves transparency and accountability without the active participation of citizens in the management of its resources. Taxpayers must hold government accountable to enable them to enjoy the dividends of democracy.

We call on the people of the States of (Abia, Akwa Ibom, Adamawa, Anambra, Bauchi, Bayelsa, Benue, Cross River, Enugu, Gombe, Imo, Jigawa, Kebbi, Niger, Ogun, Osun, Oyo, Rivers, Sokoto, Taraba, and Zamfara ) to demand their budgets be made open and accessible to ensure the society works in their interest. We equally call on all Nigerian citizens to keep an eye on the funds and follow the money. Across the world, transparency has been noted to foster citizens trust in government and increasing investor confidence. States with partially detailed budgets documents in public domains must provide details of capital projects being executed for the fiscal year.”

Hot this week

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Stanbic IBTC Asset Management Bags Top Asset Management Award 2026 by Global Banking & Finance Review

In a noteworthy achievement in Nigeria's asset management landscape,...

Tinubu Assents to N68.32tn Appropriation Bill, 2025 Budget Extension

President Bola Ahmed Tinubu has assented to the 2026...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

PenOp Appoints Anthonia Okoro as Chief Executive Officer

Pension Fund Operators Association of Nigeria is pleased to...

Topics

SENATE: AMCON Needs More Support on N5tr Debt Recovery Drive

Ahmed Kuru Managing Director/CEO AMCON The Chairman Senate Committee on Banking, Insurance...

NNPC GCEO Rallies Judiciary’s Support Against Crude Oil Theft

GCEO NNPC Limited, Mr. Mele Kyari (seated 3rd from...

Chain Reactions Africa Clinches Top Honours as Nigeria’s Most Celebrated PR Firm at SABRE Awards

L-R: Israel Opayemi, MD/Chief Strategist, Chain Reactions Africa; Arik...

FG Lauds Savannah Energy for Investment Drive in Nigeria

L-R: Managing Director, Savannah, Nigeria, Pade Durotoye; Honourable Minister...

Survey Projects Nigeria as Key Consumer Market in Africa

Consumer spending by a fast-growing middle class is as...

Prof. Uchenna Uwaleke to Keynote GOCOP 2023 Conference

The first Nigerian Professor of Capital Market, Prof. Uchenna...

China 2012: The Emerging Largest Smartphone Market on Earth

China is set to become the world’s largest smartphone...

‘No Silicon Valley for Africa’

Recently, the city of Cape Town, South Africa welcomed...
Exit mobile version