The National Assembly’s handling of the 2024 budget, where it will collectively spend N514 billion this year, has sparked outrage.
Critics argue that the N3.132 trillion allocated to the National Assembly since 1999, representing 5.52% of the total budget during this period, raises concerns about the cost of governance.
The budget allocation includes controversial items like N3 billion for Senate Car Park, N1 billion for Constitution Review, and significant amounts for the National Assembly’s comfort.
Former President Obasanjo warns that the next generation of African countries, including Nigeria, will face a substantial debt burden due to the continent’s current debt profile.
He emphasizes the need for responsible leadership and condemns the mismanagement of previous debts, cautioning against falling into the trap of accumulating more debt.
Despite the controversies, Senate President Akpabio defends the increased budget, stating that it aims to address the sufferings of Nigerians.
Speaker Abbas adds that the scrutiny of the budget led to adjustments for balance and asserts that it reflects a people-centric approach. However, criticisms persist, with calls for greater focus on the security and welfare of Nigerians.
President Tinubu has signed major bills into law, including the Electricity Act 2023, which aims to transform Nigeria’s electricity sector, the Access to Higher Education Act providing interest-free student loans, the Data Protection Act ensuring privacy rights, and a Judicial Officers Law establishing a standardized retirement age for judges.
The controversies surrounding budget allocations and spending underscore ongoing debates about governance, accountability, and the allocation of resources in Nigeria.
