• About us
  • Advertise
  • Contact
  • Privacy Policy
OBASANJONEWS24 | Breaking News, Politics, Business & World Updates
Advertisement
  • BUSINESS & FINANCE
  • ENTERTAINMENT
  • HEALTH & LIFESTYLE
  • LOCAL/REGIONAL NEWS
  • POLITICS
  • SPORT
  • TECHNOLOGY & AI
  • Contact
No Result
View All Result
  • BUSINESS & FINANCE
  • ENTERTAINMENT
  • HEALTH & LIFESTYLE
  • LOCAL/REGIONAL NEWS
  • POLITICS
  • SPORT
  • TECHNOLOGY & AI
  • Contact
No Result
View All Result
OBASANJONEWS24 | Breaking News, Politics, Business & World Updates
No Result
View All Result
Home Headline

FG Earmarks Almost N1tn for Empowerment, SUVs as Debt Mounts

Lawani Ehabahe by Lawani Ehabahe
27/07/2026
in Headline, NEWS
0
FG Earmarks Almost N1tn for Empowerment, SUVs as Debt Mounts
0
SHARES
2
VIEWS
Share on FacebookShare on XShare on PinterestShare on WhatsappShare on Telegram

The Federal Government has allocated N962.83 billion in the 2026 Appropriation Act for purchasing Sport Utility Vehicles (SUVs) and initiating thousands of empowerment projects. This decision has come under scrutiny from the civic technology organization, Tracka, which raised concerns about the transparency and accountability of the expenditure.

Tracka’s analysis of the 2026 budget reveals that this allocation comprises N15.13 billion for acquiring 39 SUVs and N947.70 billion for 2,579 empowerment projects, totaling N962.83 billion.

RelatedPosts

Tinubu Approves Pay Rise for Military Personnel

Aliko Dangote to Give Away One-Third of His Fortune

ADC, Accord Secure Victory as Appeal Court Dismisses Deregistration Case

The organization highlighted that this amount surpasses the combined N960.27 billion allocated to seven significant federal ministries. These ministries include the Federal Ministry of Industry, Trade and Investment (N156.8 billion), Ministry of Housing and Urban Development (N145.3 billion), Ministry of Women Affairs (N169.39 billion), Federal Ministry of Justice (N150.7 billion), Ministry of Livestock Development (N177.6 billion), Ministry of Aviation and Aerospace Development (N87.3 billion), and Ministry of Petroleum Resources (N73.1 billion).

Tracka expressed their concern about the lack of transparency in many empowerment projects, noting that only 70 out of the 2,579 projects have clearly identified locations for implementation. This opacity makes it challenging for citizens, oversight agencies, and lawmakers to monitor their progress.

The group questioned how Nigerians would track these projects, verify their completion, or determine who benefits from such significant public spending without specific locations being disclosed.

Further analysis showed that these projects are spread across 184 implementing agencies, including some whose primary responsibilities do not typically involve empowerment programs.

Among the agencies receiving substantial allocations, the Federal Cooperative College, Oji River, was assigned 393 projects valued at N127.1 billion. The National Agricultural Development Fund received six projects worth N89.5 billion, while the Federal College of Horticulture, Dadin-Kowa, Gombe State, was allotted 216 projects valued at N88.1 billion. The Federal Cooperative College, Ibadan, received 94 projects valued at N36.9 billion.

A further examination of the budget indicated the single largest allocation is N89.09 billion for the Renewed Hope Fertiliser Support Programme under the National Agricultural Development Fund.

Other significant allocations include N14 billion each for procuring and distributing economic empowerment equipment and utility vehicles via the Federal Cooperative College, Oji River; youth empowerment programs under the Federal Ministry of Youth Development; and youth empowerment alongside medical outreach through the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.

The budget also encompasses billions for procuring and distributing buses, tricycles, motorcycles, electric vehicles, sewing machines, fertilizer, vocational equipment, grants, and additional empowerment items across various agencies and constituencies.

While recognizing that empowerment initiatives can aid poverty reduction, job creation, and economic growth, Tracka emphasized the need for these programs to be executed transparently with strict public oversight. The organization urged the Federal Government and National Assembly to provide detailed implementation information, including project locations and beneficiary details, to ensure public funds are used responsibly and effectively.

This report surfaces as Nigeria faces increasing public debt levels, growing debt servicing obligations, and fiscal challenges, prompting economists and civil society groups to call for greater transparency, judicious spending, and enhanced scrutiny of government expenditures.

Previous Post

Armed Men Raid INEC Officials, Steal PVCs in Osun

Next Post

Obasanjo Drawn Into Obi-Kwankwaso 2027 Alliance Debate

Lawani Ehabahe

Lawani Ehabahe

Related Posts

Tinubu Approves Pay Rise for Military Personnel
Headline

Tinubu Approves Pay Rise for Military Personnel

28/07/2026
Aliko Dangote to Give Away One-Third of His Fortune
NEWS

Aliko Dangote to Give Away One-Third of His Fortune

28/07/2026
ADC, Accord Secure Victory as Appeal Court Dismisses Deregistration Case
Headline

ADC, Accord Secure Victory as Appeal Court Dismisses Deregistration Case

28/07/2026
Ex-DSS Director Faults Buhari Over Rising Insecurity
Headline

Ex-DSS Director Faults Buhari Over Rising Insecurity

28/07/2026
ADC: Blame Tinubu if Anything Happens to El-Rufai
Headline

ADC: Blame Tinubu if Anything Happens to El-Rufai

28/07/2026
Netanyahu Set for UN Visit Despite ICC Warrant
Headline

Netanyahu Set for UN Visit Despite ICC Warrant

28/07/2026
Next Post
Obasanjo Drawn Into Obi-Kwankwaso 2027 Alliance Debate

Obasanjo Drawn Into Obi-Kwankwaso 2027 Alliance Debate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 23.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Aisha Yesufu Expresses Disappointment Over Peter Obi’s Interview

Aisha Yesufu Expresses Disappointment Over Peter Obi’s Interview

27/07/2026
2027: Group Claims Obasanjo Is Quietly Supporting Tinubu

2027: Group Claims Obasanjo Is Quietly Supporting Tinubu

27/07/2026
Presidency Raises Concern Over Possible Terrorist Sympathisers Within Nigerian Army, Police

Presidency Raises Concern Over Possible Terrorist Sympathisers Within Nigerian Army, Police

18/07/2026
From Financial Struggles to Freedom: Strategies for Building a Secure Future

From Financial Struggles to Freedom: Strategies for Building a Secure Future

23/07/2026
ADC: Blame Tinubu if Anything Happens to El-Rufai

ADC: Blame Tinubu if Anything Happens to El-Rufai

1
IPOB Counsel Explains Why Many Igbo Youths Are Reluctant to Join Nigerian Army Recruitment

IPOB Counsel Explains Why Many Igbo Youths Are Reluctant to Join Nigerian Army Recruitment

0

Elementor #115

0
Nigerian Government Arraigns Three Suspects Over Kidnap of Oyo Schoolchildren, Teachers

Nigerian Government Arraigns Three Suspects Over Kidnap of Oyo Schoolchildren, Teachers

0
Igboho Opens Up on 2021 DSS Raid

Igboho Opens Up on 2021 DSS Raid

28/07/2026
Tinubu Approves Pay Rise for Military Personnel

Tinubu Approves Pay Rise for Military Personnel

28/07/2026
Aliko Dangote to Give Away One-Third of His Fortune

Aliko Dangote to Give Away One-Third of His Fortune

28/07/2026
ADC, Accord Secure Victory as Appeal Court Dismisses Deregistration Case

ADC, Accord Secure Victory as Appeal Court Dismisses Deregistration Case

28/07/2026

Recent News

Igboho Opens Up on 2021 DSS Raid

Igboho Opens Up on 2021 DSS Raid

28/07/2026
Tinubu Approves Pay Rise for Military Personnel

Tinubu Approves Pay Rise for Military Personnel

28/07/2026
Aliko Dangote to Give Away One-Third of His Fortune

Aliko Dangote to Give Away One-Third of His Fortune

28/07/2026
ADC, Accord Secure Victory as Appeal Court Dismisses Deregistration Case

ADC, Accord Secure Victory as Appeal Court Dismisses Deregistration Case

28/07/2026

ObasanjoNews24 is an independent digital news platform dedicated to delivering accurate, timely, and impactful journalism to readers in Nigeria, Africa, and around the world.

Facebook X-twitter Youtube Instagram

Quick Menu

  • BUSINESS & FINANCE
  • ENTERTAINMENT
  • HEALTH & LIFESTYLE
  • LOCAL/REGIONAL NEWS
  • POLITICS
  • SPORT
  • TECHNOLOGY & AI
  • Contact
  • BUSINESS & FINANCE
  • ENTERTAINMENT
  • HEALTH & LIFESTYLE
  • LOCAL/REGIONAL NEWS
  • POLITICS
  • SPORT
  • TECHNOLOGY & AI
  • Contact

Latest News

Igboho Opens Up on 2021 DSS Raid

Tinubu Approves Pay Rise for Military Personnel

Aliko Dangote to Give Away One-Third of His Fortune

ADC, Accord Secure Victory as Appeal Court Dismisses Deregistration Case

France Appoint Zidane as New National Team Coach

Inside Ecuador’s Frontline Fight Against Drug Cartels

Editors Pick

Aisha Yesufu Expresses Disappointment Over Peter Obi’s Interview

2027: Group Claims Obasanjo Is Quietly Supporting Tinubu

Presidency Raises Concern Over Possible Terrorist Sympathisers Within Nigerian Army, Police

From Financial Struggles to Freedom: Strategies for Building a Secure Future

Oyo Principal’s Husband Explains Why He Blocked Kidnappers

IPOB Counsel Explains Why Many Igbo Youths Are Reluctant to Join Nigerian Army Recruitment

Copyright 2026 Obasanjo News24. All Rights Reserved

  • About us
  • Advertise
  • Contact
  • Privacy Policy
No Result
View All Result
  • BUSINESS & FINANCE
  • ENTERTAINMENT
  • HEALTH & LIFESTYLE
  • LOCAL/REGIONAL NEWS
  • POLITICS
  • SPORT
  • TECHNOLOGY & AI
  • Contact

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Not enough quota to unlock this post
Unlock left : 0
Are you sure want to cancel subscription?