Close Menu
Gofishe News
  • Home
  • Entertainment
  • National
  • International
  • Tech
  • Politics
  • Sports
  • PMNI
  • More
    • Business
    • Culture
    • Education
    • History
    • Health
  • Featured
    • Govima Travel
    • Govima Media
    • Govima TV
Facebook X (Twitter) Instagram
Trending
  • Premier League Matchday Review: Saturday, 30 August 2025 – Thrills And Drama Across Stadia
  • Anambra Community Celebrates Rescue And Restoration After 15-Hour Security Operation
  • PDP South-West Chairman Defiant As Wike’s Threats Fail To Derail National Convention
  • Katsina State Allocates ₦20m Per Local Government For Graveyard Renovations
  • UK Government Bars Over 100 Job Roles From Foreign Recruitment in Immigration Crackdown
  • ASUU Slams Federal Government Over Inaction, Demands Concrete Action On 2009 Agreement
  • Nigeria Mourns Ruth Elton, Oldest Serving Missionary, Who Passed Away At 91
  • Shea Industry Poised For Growth As Stakeholders Rally Behind Nigeria’s Export Ban
X (Twitter) Instagram
Gofishe NewsGofishe News
Subscribe
Saturday, December 6
  • Home
  • Entertainment
  • National
  • International
  • Tech
  • Politics
  • Sports
  • PMNI
  • More
    • Business
    • Culture
    • Education
    • History
    • Health
  • Featured
    • Govima Travel
    • Govima Media
    • Govima TV
Gofishe News
Home»Election

INEC Describes N40 Billion Budget Allocation Inadequate, Demands N89 Billion

Adejuyigbe FrancisBy Adejuyigbe FrancisDecember 15, 2023 Election No Comments3 Mins Read
Share Facebook Twitter LinkedIn Email WhatsApp

INEC has rejected the budget of N40 billion allocated to it, describing the sum as grossly inadequate to fund the affairs of the electoral body.

Prof. Mahmood Yakubu presented its own draft proposal of N89 billion to the Senate Committee on INEC during the budget defence meeting chaired by Alli Sharafadeen Abiodun, yesterday.

At the meeting held at the new senate building, Yakubu explained that N40 billion would not be enough to cater for the financial needs of the commission in 2024.

He said N40 billion could only cover the personal cost of the commission, which has a workforce of over 15,000 personnel.





Further justifying the commission’s decision, the INEC boss told the lawmakers that due to the 40 percent peculiar allowance introduced by the Federal Government, and the cost of the Duty Tour Allowance (DTA) of its staff across the federation, the commission’s wage bill had risen to N36.5 billion.

He stressed that by the time N36.5 billion is subtracted from the N40 billion, the commission would be left with almost nothing to fund its capital and electoral expenditure as well as overhead costs.

He also warned that the 2024 off season governorship elections scheduled to hold in Edo and Ondo states and the National Assembly bye elections for Ebonyi South and Yobe East senatorial districts might be jeopardised.

Other bye constituency elections that may be affected, according to the INEC boss are Akoko North East/Akoko North West Federal Constituency of Ondo State; Yauri/Shanga/Ngaski Federal Constituency of Kebbi State; Isa/Sabon Birni Federal Constituency of Sokoto State and Khana II State Constituency of Rivers State.

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.

“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.”

#2024 Budget #inec
Share. Facebook Twitter LinkedIn WhatsApp
Adejuyigbe Francis
  • Website

Thought leader. Investor. Quintessential. Idea Bank. Publisher.

Keep Reading

Anambra Community Celebrates Rescue And Restoration After 15-Hour Security Operation

PDP South-West Chairman Defiant As Wike’s Threats Fail To Derail National Convention

Katsina State Allocates ₦20m Per Local Government For Graveyard Renovations

ASUU Slams Federal Government Over Inaction, Demands Concrete Action On 2009 Agreement

Nigeria Mourns Ruth Elton, Oldest Serving Missionary, Who Passed Away At 91

Shea Industry Poised For Growth As Stakeholders Rally Behind Nigeria’s Export Ban

Add A Comment

Comments are closed.

Here is spotlighting many benefits of journeying with either Lagos State’s Blueline or Redline rails for a hassle-free day, week, month and year. Thank God for the Igbega Eko. Together we rise.
https://youtu.be/V67GV8wgyjw

Latest Posts

  • Premier League Matchday Review: Saturday, 30 August 2025 – Thrills And Drama Across Stadia
  • Anambra Community Celebrates Rescue And Restoration After 15-Hour Security Operation
  • PDP South-West Chairman Defiant As Wike’s Threats Fail To Derail National Convention
  • Katsina State Allocates ₦20m Per Local Government For Graveyard Renovations
  • UK Government Bars Over 100 Job Roles From Foreign Recruitment in Immigration Crackdown
Featured
About Govima

Govima was founded with the goal of helping clients thrive in today’s highly competitive marketing environment. While other companies rush to abandon traditional marketing in favour of digital techniques, we’ve bolstered our offline marketing capabilities while also equipping our team with seasoned professional knowledge to support our clients’ digital needs.

Through creative designs, we enhance our clients’ products and services the right way that would attract their target audience, thus, making the perception of their company a reality.

  • LTV 8, Agidingbi Road, Alausa, Ikeja, Lagos.
  • +234 806 003 7277
  • info@govima.com
Govima, Your Best Plug For Bus Stop Shelter Ad

LATEST POSTS

Premier League Matchday Review: Saturday, 30 August 2025 – Thrills And Drama Across Stadia

August 31, 2025

Anambra Community Celebrates Rescue And Restoration After 15-Hour Security Operation

August 31, 2025

PDP South-West Chairman Defiant As Wike’s Threats Fail To Derail National Convention

August 31, 2025

Katsina State Allocates ₦20m Per Local Government For Graveyard Renovations

August 31, 2025

UK Government Bars Over 100 Job Roles From Foreign Recruitment in Immigration Crackdown

August 31, 2025
Featured

Subscribe to Updates

Get the latest news from Govima about politics, economy, health ad business.

Facebook X (Twitter) Instagram Pinterest
© 2025

Type above and press Enter to search. Press Esc to cancel.

Go to mobile version