DAILY TRUST
The federal government has said that budgetary allocations will no longer be made for professional bodies and councils, with effect from January 2024.
Director General, Budget Office of the Federation, Ben Akabueze, said this in a letter to the professional bodies and councils.
The circular dated 26 June, with reference number: DG/BDT/GEN. CORR/2016/XII/3067, asked those affected to begin to make adjustments early so they can continue to run their organisations seamlessly after the government might have withdrawn its financial support.
Akabueze said that the decision was in line with the recommendation of the Presidential Committee on Salaries (PCS).
Many, however, see the move as part of the federal government’s latest move to cut spending.
“I wish to inform you that, the Presidential Committee on Salaries (PCS), at its 13th meeting approved the discontinuation of budgetary allocation to Professional Bodies/Councils effective 1st January, 2024.
“The purpose of this letter, therefore, is to inform you that, in compliance with PCS’s directive, this Office (Budget Office of the Federation) will no longer make budgetary provisions for your institution, which means that you will be regarded henceforth as a self-funded organization.
“For the avoidance of doubt, you will be required, effective 1st January, 2024, to be fully responsible for your personnel, overhead, and capital expenditures,” the memo said.
There are over 30 professional associations or councils in Nigeria, with some being funded by the federal government.
At least 25 professional bodies and councils under the Ministry of Trade and Investment, Ministry of Information and Communication, Ministry of Agriculture and Rural Development, Ministry of Transport, Ministry of Mines and Steel, Ministry of Justice, Ministry of Works and Housing, and the Ministry of Environment among others will be affected by the new development.
