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How National Assembly budget rose from N2.2bn in 1999 to N344.9bn in 2024

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3 years ago

on

February 5, 2024

By

Sunday Odibashi

How National Assembly budget rose from N2.2bn in 1999 to N344.9bn in 2024

Records from the Budget Office show that the budget of the Nigerian National Assembly rose from N2.2 billion at the advent of the contemporary democratic dispensation in 1999 to N 344.9 billion in 2024.

The outrageous increase in the budget size of the National Assembly in the past 25 years did not reflect increase in the number of the federal lawmakers.

The budget ‘jump’ is highlighted as follows:

NATIONAL ASSEMBLY BUDGET

1999: N2.2 billion

2000: N29.5 billion

2002: N28.2 billion

2003: N23.3 billion

2004: N34.7 billion

2005: N55.4 billion

2006: N45 billion

2007: N60 billion

2008: N73.7 billion

2009: N123 billion

2010: N154 billion

2011: N111 billion

2012: N150 billion

2013: N150 billion

2014: N150 billion

2015: N120 billion

2016: N115 billion

2017: N125 billion

2018: N139.5 billion

2019: N128 billion

2020: N128 billion

2021: N134 billion

2022: N139 billion

2023: N228.1 billion

2024: N344.9 billion

Related Topics:#Budget Office #StatiSense National Assembly

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For security agencies, it means preventing electoral violence and ensuring that investigations and prosecutions are not selective. Political parties also face pressure to take greater responsibility for the conduct of their candidates, agents and supporters, particularly over voter inducement and intimidation. A bigger test awaits in 2027 The central lesson from Osun may be that a technically transparent election is not automatically the same as a completely free election. Electronic transmission can make results easier to monitor, but technology cannot by itself prevent voters from being offered money, threatened or pressured before they cast their ballots. IRI's latest assessment similarly stressed that the credibility of the 2027 elections will depend not only on technical administration but also on security, consistent application of electoral rules, timely communication and public confidence in INEC. 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