BudgIT Launches COVID-19 Fund Tracking Portal
BudgIT, a civic organization committed to fiscal transparency has launched its COVID-19 platform for the effective tracking and monitoring of the utilization of all donations from both local and international donors for COVID-19 response.
This platform hosted on (https://civichive.org/covidtracka/), through the network of our project tracking officers across the country, would also monitor the distribution of palliatives to the underprivileged and vulnerable communities across all states.
The recent crash in global oil prices and reduced demand for oil in the global market has resulted in at least a 60% cut in oil proceeds, which is the federal government’s main source of revenue. This invariably means that the economy is now stretched thin of resources, thus, every fund earmarked by the government for COVID-19 response out of the already limited resources and donations from external bodies need to be judiciously spent and accounted for.
To ensure proper monitoring, we have launched the COVID-19 platform, to ascertain if funds are being expended on not only measures that effectively combat the COVID-19 pandemic, but also on citizens’ welfare.
So far, the federal government and sub-nationals have received a sum of over N200bn from
local and international donations in cash and in kind. Recently, the IMF also approved its largest COVID-19 emergency financing package of $3.4bn Rapid Financing Instrument (RFI) for Nigeria.
This financing package is primarily meant to support the health care sector and assist to cushion the effects of revenue decline on the economy. It has therefore become expedient to hold the government accountable on every penny dispensed for the COVID-19 response
‘’If these emergency donations are not properly tracked, monitored and accounted for, the funds can be misappropriated, embezzled and diverted into private coffers, without any tangible impact or benefit to the health sector, citizens and the economy as a whole” says Gabriel Okeowo, BudgIT’s Principal Lead.
We hereby implore the government to ensure its commitment to open data and full transparency by making available, comprehensive and detailed breakdown of how funds are dispensed on health infrastructure and citizens’ welfare. We also enjoin members of the public and other CSOs to collaborate, support and join BudgIT in demanding accountability from both the federal government and the subnationals via the COVID-TRACKA platform.
Communications Associate, BudgIT
0703 2707 348