NIPSS Decries Low Release of Budget Allocation
Latest Headlines, News Friday, November 22nd, 2013
Agabus Pwanagba, Jos
The National Institute for Policy and Strategic Studies (NIPSS) said its budgetary allocations from the Federation account has never gone beyond 65% of its annual budget, rather in some years, it receives less.
Nigeria’s Minister of Finance Dr Okonjo Iweala
The Director General of the Institute, Prof. Tijani Bande, disclosed this on Friday at the pre- graduation press briefing of Course 35 of the Institute where he decried insufficient funding of the institute.
According to him, “Some years we get up to 65% access, some years less and of course, this has obviously affected what project we could execute.
“But there is a framework now to allow for rolling over of activities and is to commence next year.
He added that, the National Institute is not the only government agency that has difficulty accessing budget approved.
Bande lamented that the debt issue of the institute has been a problem in the last ten years, saying President Goodluck Jonathan has directed that N600 million be released to the Institute to help service its debt.
“The pressure is reduced, but more debt is being incurred everyday with the balance not settled.
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