Connect with us

News

2024 Budget: ‘It’s Too Poor’, INEC Chairman, Yakubu Rejects N40bn Allocation Wants N89bn

Yakubu warned that insufficient funds might jeopardize the 2024 off-season governorship elections…

Published

on

INEC Yakubu VerseNews
INEC Chairman Prof. Mahmood Yakubu

The Independent National Electoral Commission (INEC) has rejected the allocated budget of N40 billion, deeming it grossly inadequate for its operational needs.

VerseNews reports that INEC Chairman Prof. Mahmood Yakubu presented a draft proposal of N89 billion to the Senate Committee on INEC during a budget defense meeting, explaining that the N40 billion would only cover personnel costs, leaving little for capital, electoral, and overhead expenses.

Yakubu warned that insufficient funds might jeopardize the 2024 off-season governorship elections in Edo and Ondo states and National Assembly bye-elections in Ebonyi South, Yobe East, and other constituencies.

Advertisement

He emphasized the need for adequate funding to ensure staff welfare, conduct continuous voter registration, monitor primaries, and address various operational costs.

Mahmood said: “Our first priority is staff welfare; it goes beyond that, but it is a matter of human rights. But associated with the payment of salaries are the social contributions, the National Health Insurance Scheme (NHIS), group life insurance, employees compensation scheme and so on. When we pay salaries and social contributions, there is nothing for any other activity again, including the forthcoming governorship elections coming up next year in Edo and Ondo states.

“We also do electoral activities in February next year in which parties will commence the primaries for the governorship elections, and we have to be there to monitor the primaries. We have to do continuous voter registration, and make the cards available long before the elections, and there’s no provision for that. The Ondo primary will begin in April, and there’s no provision for that.

Advertisement

“By the time you talk about the DTA as provided by circular and you convert it to Naira and kobo, it crashes, given the exchange rate. So, under the overhead, we pay for all these, including issues like diesel for our generators because sometimes, we are almost always on generator not only in our conferences but also in our ICT server room.

“As a substitute to the inadequate N40 billion, the INEC chairman submitted another expenditure proposal of N89 billion, which was tagged as the actual need of the commission.

“We have submitted proposal C, which shows that we actually need N89 billion. So as I said, our budget for 2023 is practically N68 billion, so the difference actually is N21 billion, not N49 billion, and we have given a breakdown on how we intend to spend the money.”

Advertisement
WhatsAppCOnnect

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

Bruno Bruno
Sports1 day ago

Man United Captain Bruno Fernandes Wins Premier League Player of the Season

Manchester United captain Bruno Fernandes has been crowned Premier League Player of the Season...

Rotimi Amaechi ADC Rotimi Amaechi ADC
Politics1 day ago

I’m the Most Experienced, Most Electable Candidate in ADC — Amaechi

Former Rivers State Governor Rotimi Amaechi has declared himself the most qualified presidential aspirant in the African Democratic Congress ahead...

Abia Governor Alex Otti Abia Governor Alex Otti
News1 day ago

‘Abia Under Me Has Changed Completely’ – Alex Otti Reveals Major Achievements After Three Years in Office

Abia State Governor Alex Otti says his administration has constructed over 400 roads across the state and reduced Abia’s debt...

460840885 1330647207915400 3100274530716194674 n 460840885 1330647207915400 3100274530716194674 n
Entertainment1 day ago

‘I Started Smoking in JSS3’ — Ebuka Opens Up on 13-Year Addiction Battle

Media personality Ebuka Obi-Uchendu has opened up about his long battle with smoking addiction.

hunger woman hunger woman
News1 day ago

35 Million Nigerians Risk Acute Hunger in Coming Months — UN Warns

The United Nations on Friday warned that about 35 million Nigerians are at risk of acute hunger from June to...

ahmusys ahmusys
Entertainment1 day ago

‘Why I Froze My Eggs at 30’ — Ashmusy Reveals

Nigerian content creator Ashmusy has opened up about freezing her eggs, failed relationships, childhood struggles....

Charles Soludo 1 1 Charles Soludo 1 1
News1 day ago

Anambra New Burial Law, Bans Presentation of Cows, Goats as Condolence Gifts

The Anambra State Government has introduced strict new funeral regulations, banning midweek burials, expensive condolence gifts, wake-keep ceremonies...

JAMB logo JAMB logo
Education1 day ago

JAMB Releases 279 Withheld UTME Results

The Joint Admissions and Matriculation Board has released 279 Unified Tertiary Matriculation Examination results that had earlier been withheld for...

trump warn trump warn
News1 day ago

Nigerians, Others May Be Forced to Leave America as Trump Introduces Fresh Green Card Rule

Donald Trump has directed that Nigerians and other foreign nationals seeking green cards must return to their home countries to...

Boko Haram terror group Boko Haram terror group
News1 day ago

Oyo Schools Kidnap: Terrorists Open Talks, Give Fresh Condition

Fresh fears have spread across parts of Oyo State after terrorists who abducted pupils and teachers from multiple schools reportedly...

Advertisement