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SERAP Asks Akpabio, Abbas To Cut ‘Self-serving N344.85bn NASS Budget’

Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President, Godswill Akpabio, and Speaker of the House of Representatives, Tajudeen Abbas to “promptly reduce the National Assembly budget of N344.85 billion, to reflect the current economic realities in the country, and cut the cost of governance.”
SERAP urged them “to request President Bola Tinubu to present a fresh supplementary appropriation bill, which reflects the reduced National Assembly budget for the approval of the National Assembly.”
SERAP also urged them “to promptly publish details of the National Assembly budget of N344.85bn, including the proposed spending details of the N3 billion for the Senate Car Park and N3 billion budgeted for the House of Representatives Car Park.”
In the letter dated 13 January 2024 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “Passing appropriation bills that are inconsistent with the provisions of the Nigerian Constitution is a fundamental breach of the constitutional oath of office by the lawmakers.”
SERAP said: “The arbitrary increase by the lawmakers of their own budgetary allocation if not cut would have significant fiscal consequences and exacerbate the country’s debt crisis.”
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According to SERAP, “The unilateral and self-serving increase by the lawmakers of their own allocation also offends the principles of separation of powers and checks and balances and the notion of the rule of law.”
The letter, read in part: “The increase in the National Assembly budget raised serious questions in the minds of the Nigerian people about how the lawmakers are spending their commonwealth.”
“The National Assembly ought to be more responsible to the public interest and more responsive to it. The National Assembly has a constitutional responsibility to combat waste and abuse in its own spending if it is to effectively exercise its oversight functions and hold the government to account.”
“Transparency and accountability in public administration is an essential element of democracy. Transparency in the spending of the National Assembly budget would give the public a tool to hold the lawmakers accountable. It would also protect Nigerians from any potential abuses of governmental or legislative power that may exist.”
“Nigerians have a right to scrutinize how their lawmakers spend their tax money and commonwealth, especially given the precarious economic realities in the country and the impact of the removal of fuel subsidy on vulnerable Nigerians.”
“Cutting the N344.48 billion National Assembly budget would be entirely consistent with your constitutional oath of office, and the letter and spirit of the Nigerian Constitution.”
READ ALSO: Disclose How Much Oil Nigeria Produces, Exports Daily, SERAP Tells NNPC
“Cutting your budget would promote efficient, honest, and legal spending of public money. It would serve the public interest and restore public confidence in the National Assembly.”
“We would be grateful if the recommended measures are taken within seven days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel you and the National Assembly to comply with our request in the public interest.”
“SERAP also urges to clarify the details of the N8.5 billion budgeted for ‘National Assembly liabilities’ and to disclose the nature of any such liabilities and how and why they have been incurred.”
“SERAP urges you to clarify why N225 million is budgeted for the National Assembly E-Library and N3 billion is budgeted to buy books for the National Assembly Library while the ‘take-off grant’ for the National Assembly Library is N12.1 billion.”
“The budget of N344.48 billion by members of the National Assembly is a fundamental breach of the Nigerian Constitution and the country’s international human rights obligations.”
“According to our information, the National Assembly increased its own allocation in the 2024 budget to N344.48bn. The new budgetary allocation to the National Assembly is over 70 percent of the N197bn proposed by President Bola Tinubu for the lawmakers in the budget proposal submitted to the National Assembly.”
READ ALSO: Reject Wike’s Plan To Spend N15bn On ‘Befitting Residence’ For VP, SERAP Tells Akpabio
“The N344.48bn National Assembly budget, which is an increase of about N147bn, is reportedly the highest-ever budgetary allocation to the National Assembly.”
“The breakdown of the N344.48bn National Assembly budget is as follows: National Assembly Office – Senate – N49.1bn; House of Representatives – N78.6bn; National Assembly Service Commission – N12.3bn; Legislative Aides – N20.3bn; NILDS – N9.09bn; Service-wide votes – N15.1bn; Senate Appropriation Committee– N200m.”
“Other budget items include: House Appropriation Committee – N200 million; Public Account committees of Senate and House – N280.7 million National Assembly Library Take Off Grant – N12.1 billion; National Assembly building (ongoing) – N4.2 billion; and National Assembly Liabilities – N8.5 billion.”
“Other items include: National Assembly E-Library – N225 million; Constitution Review – N1 billion; and Completion of NILDS HQ – N4.5 billion; Construction of NASC Building – N10 billion; Office of Clerks and Permanent Secretaries – N1.2 billion; and Alternative Power System – N4 billion.”
“Other items in the National Assembly budget include: National Assembly Zonal Offices – N3bn; Senate Car Park – N3 billion; House of Representatives Car Park -N3 billion; and Furnishing of committee rooms (Senate) -N2.7 billion; Furnishing of committee rooms (House) – N3 billion; Design, Construction, Furnishing and Equipping of National Assembly Ultramodern Printing Press – N3 billion.”
“There are also other items in the National Assembly budget: Design, Construction, Furnishing and Equipping of the National Assembly Budget and Research Office (NABRO) – N4 billion; National Assembly Hospital Project – N15 billion; National Assembly Recreation Centre – N4 billion; Procurement of Books for the National Assembly Library – N3 billion; and National Assembly Pension Board (Take-Off Grant) – N2.5 billion.”
READ ALSO: SERAP Drags Akpabio, Oshiomhole, Others To Court, Wants Their Salaries, Pensions Stopped
“Section 14(2)(b) of the Nigerian Constitution of 1999 [as amended] provides that, ‘the security and welfare of the people shall be the primary purpose of government.”
“Under Section 16(1)(a)(b), the National Assembly has the obligations to ‘harness the resources of the nation and promote national prosperity and an efficient, a dynamic and self-reliant economy’, and to ‘secure the maximum welfare, freedom and happiness of every citizen.’”
“Section 16(2) of the Nigerian Constitution further provides that, ‘the material resources of the nation are harnessed and distributed as best as possible to serve the common good.’ Section 13 of the Nigerian Constitution imposes clear responsibility on the National Assembly to conform to, observe and apply the provisions of Chapter 2 of the constitution.”
“Section 81 of the Nigerian Constitution, and sections 13 and 18 of the Fiscal Responsibility Act constrain the ability of the National Assembly to unilaterally insert its own allocations in the budget without following the due process of law.”
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N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.
The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.
At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.
Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.
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Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.
“Women-led enterprises are critical to economic activity, yet they face structural barriers.
This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”
“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).
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“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”
Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.
Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.
Applications for the zero-interest loan are now open.Apply now.
News
Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria
Senator Adams Oshiomhole has called on the Federal Government to retaliate against South African businesses operating in Nigeria following the recent attacks on Nigerians in South Africa.
Speaking during plenary on Tuesday, Oshiomhole said the Federal Government should consider revoking the working license of South African owned companies such as MTN and DSTV.
He argued that Nigeria must respond firmly to what he described as persistent hostility against its citizens.
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“I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.
He argued that while some South Africans accuse Nigerians of taking their jobs, Nigerians should return home and take over employment opportunities created by major South African companies operating in the country, including MTN and DSTV.
“When we hit back, the President of South Africa will not only talk but will also go on his knees to recognise that Nigeria cannot be intimidated.
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“We will not condone any life being lost. If a crime has been committed under the South African law they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that,” Oshiomhole added.
DAILY POST reports that several Nigerians in South Africa have reportedly been attacked, and their businesses destroyed, in ongoing xenophobic attacks in the country.
News
IGP Orders Officers Display Name Tag On Uniform, Gives Update On State Police
The Inspector General of Police, IGP, Tunji Disu, has ordered all police personnel to always have their name tags on their uniforms for easy identification.
Disu disclosed that only police personnel who are undercover are exempted from displaying their name tags.
Speaking on Tuesday, Disu said: “All police officers should have their name tags. All of us on the high table have our names apart from the undercover among us so if you look at all the Commissioners of Police we have our name tags, so it’s not our standard.
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“All the Commissioners of Police are here and that is why we called this meeting, we have list of things like this that we will want to discuss with the Commissioners of Police, we have told them earlier and we will still let them know that every that happens within their area of jurisdiction falls under their control.”
On the issue of state police, the IGP said: “Since we got the signal that the Federal Government of Nigeria intend to establish State Police and since we are the federal police, we decided to take the bull by the horn and put down our own side of what we believe on how the state police should be run.
“A lot of things were taken into consideration, a lot of comparative analysis was done and it has been transmitted to the National Assembly.”
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