2012 Nigeria Budget
The 2012 Nigeria budget as signed by President Goodluck Jonathan on 13th April 2012 is now available on the website of Policy and Legal Advocacy Centre (PLAC)
The budget projects an expenditure of N4.877 trillion.
The budget indicates a capital expenditure of only 28%, with recurrent expenditure gulping a whopping 72%.
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House of Reps Subsidy Probe Report
Policy and Legal Advocacy Centre (PLAC) has obtained and uploaded on its website, the full report of the House of Representatives Ad Hoc Committee to Verify and Determine the Actual Subsidy Requirements and Monitor the Implementation of the Subsidy Regime in Nigeria.
The Report raises serious governance questions.
Our question is: What is the response of the Jonathan administration to the report, which has indicted and recommended for prosecution, several officials of this government?
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Budget 2012 Proposals: The Waste and the Corruption
PLAC has uploaded the 2012 budget proposal of the Federal Government to enable Nigerians see its contents and make their analysis of it.
Nigeria’s 2012 budget of N4,749 trillion is premised on an oil price benchmark of $70 a barrel, total production of 2.45 million barrels a day and an exchange rate of N155 to 1US$.
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President Jonathan presents 2012 Budget, Speech also uploaded by PLAC
President Goodluck Jonathan has presented Nigeria’s 2012 budget to the National Assembly. This will be the first time that he will be presenting the national budget since he stepped up to the position of President, first in acting capacity and as substantive President after the April 2011 general elections.
Addressing national legislators on Tuesday, President Jonathan said that the budget of N4.749 trillion naira (equivalent to US dollar $29.29 billion) marks a turning point toward s his administration’s goal of prudent financial planning and reduction of recurrent expenditure.
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