Kano, Kwara, 3 Other Northern State Govts Spent Over N2.6Billion On International Trips In Three Months, Yet Attracted Zero Foreign Investment

Unproductive spending admire right here’s why many Nigerians are agitating for a reduction in the value of governance.

Findings by SaharaReporters fill published that 5 northern states in Nigeria spent a total sum of N2,657,945,861(Two Billion Six Hundred Fifty-seven Million 9 Hundred Forty-5 Thousand Eight Hundred Sixty-one Naira) between January and March 2024 on world journeys with out attracting any foreign investments.

Based on the Nationwide Bureau of Statistics (NBS), Kano, Katsina, Kwara, Sokoto and Borno had been amongst the 34 states in Nigeria that did now not procedure foreign investment in the main quarter of 2024.

Greatest Lagos, Abuja and Ekiti received foreign investments totaling $3.38 billion, with Lagos accounting for $2.78 billion

Lagos stands undisputed in attracting foreign investments. In Q1 2024, the impart received $2,782.41 million. That is an infinite extend from its total of $2,503.44 million in 2023.

The Federal Capital Territory saw reduced investments, with $593.58 million in Q1 2024. This follows a total of $1,170.00 million in 2023, showing the necessity for Abuja to up its game in attracting foreign capital.

Assessments on the Kano Remark 2024 budget efficiency file for the main quarter of 2024 published that the authorities of Abba Kabir Yusuf spent N599,250,861.00 on what used to be termed ‘Worldwide Toddle & Transport Practicing’ and every other N414,126,000.00 used to be for ‘Worldwide Toddle & Transport, Others,’ totalling a sum of N1,013,376,861.00.

The Kwara Remark Governor, who’s the Chairman of the Nigerian Governors’ Forum, AbdulRahman AbdulRazaq, has spent N724,470,725.00 from the impart treasury to embark on several world excursions throughout the main 90 days of the yr with out bringing any investment into his impart.

Katsina Remark’s 2024 budget efficiency file disclosed that N288,566,780.00 used to be frail to finance foreign journeys for the governor, Dikko Umar Radda whereas Borno Remark spent a cumulative sum of N427,840,495.65 for the the same motive internal the the same duration.

The Sokoto Remark Govt, in response to the budget efficiency file, moreover spent the sum of N203,691,000.00 on world jog and training.

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Unproductive spending admire right here’s why many Nigerians are agitating for a reduction in the value of governance.

In Might per chance well well also simply, the Socio-Financial Rights and Accountability Carrying out (SERAP) filed a lawsuit in opposition to Nigeria’s 36 governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike “over their failure to legend for the spending of trillions of FAAC (Federal Fable Allocation Committee) allocations aloof by their states and the FCT since 1999.”

The suit followed reports that the Federation Fable Allocation Committee (FAAC) disbursed N1.123 trillion to the federal, impart, and native governments for March 2024. They shared N1.208 trillion in April. States aloof N398.689 billion in March whereas they aloof N403.403 billion in April.

In the suit numbered FHC/ABJ/CS/666/2024 filed at the Federal Excessive Court, Abuja, SERAP is asking the court docket to “teach and compel the governors and Mr Wike to post spending shrimp print of the FAAC allocations aloof by their states and the FCT since 1999 including the checklist and areas of projects carried out with the money.”

SERAP is moreover asking the court docket to “compel the governors and Mr Wike to ask the Financial and Monetary Crimes Rate [EFCC] and the Self sustaining Unsuitable Practices and Varied Associated Offences Rate [ICPC] to probe any allegations of corruption linked to the allocations and to video display how the money is spent.”

In the suit, SERAP argues that “Nigerians ought to perceive in what formulation public funds including FAAC allocations, are spent by the governors and FCT minister.”

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