4 South-West states implemented above 80% of their 2022 budget

DATA collated by BudgIT, a non-governmental civic organisation, has shown that 4 out of the 6 South-West states in Nigeria implemented 80 per cent of their budgets for the 2022 fiscal year.

The 4 states are Ekiti, Ondo, Osun and Ogun.

The budget implementation report (BIR) is prepared and released by each state’s budget and planning unit showing the breakdown of the spendings of their ministries, departments and agencies (MDAs) for the year. 

According to BudgIT data, the 6 South-West states had presented, on their respective websites, the performance reports from the first to the fourth quarter of 2022 

Analysis of the total revenue, including over-budgeting of each state, revealed that Ekiti state had the highest performance ranking with 95.95 per cent when compared with its fiscal budget approved for 2022.

Osun, Ondo and Ogun followed with 86.64 per cent, 83.73 per cent and 82.86 per cent respectively.

The Acting Head of Open Government and Institutional Partnerships, BudgIT, Iyanuoluwa Bolarinwa, told The ICIR that the report was aimed at maintaining subnational transparency and the ability to get conversations going around in the states.

Bolarinwa mentioned that with 80 per cent of the state releasing their BIR documents, there was a level of progress in accountability of funds spent in the state.

“The report is to understand how the states are making progress in the aspect of making funds for their states to ensure that capital expenditure is not suffering, and also recurrent expenditures are not also suffering,” he added.