We Had to Bribe Lawmakers With N17bn to pass 2015 budget- Okonjo Iweala Alleges


Get real time updates directly on you device, subscribe now.

A former minister of Finance during the Goodluck Jonathan administration, Ngozi Okonjo Iweala has alleged that the lawmakers at the time were so taciturn about the 2015 budget that they had to be bribed with a whopping N17bn to get to work.

Iweala made this allegation in her book,  Fighting Corruption is Dangerous: The Story Behind the Headlines, in which she also claims that this payment was different from their regular N150 billion annual ‘standard’ budget.

She said; “The legislature was concerned largely about three things—the size of its own budget; the nature and the size of the capital budget, particularly investment projects; and the number and geographical location of the projects.

“Senators and Representatives felt that their role as appropriators of the budget was not just to vet and approve budget parameters and oversee budget implementation, but also to shape the size and content of the budgets, including details of specific projects.”

She even revealed that the NASS Finance and Appropriation believed ”they had the right–indeed the duty–to get into the details of the budget formulation and preparation process all along the budget value chain.”

While she was harsh on the National Assembly, she was also quick to point out that not all of them were like this and that some were not in support of the manipulation of the budget.

“Not all National Assembly members supported these unfortunate manipulations of the budget.”

She added: “National Assembly members had negotiated large increases in the National Assembly budgets and would brook no discussions or challenges on the issue.

“Their operational budget had ballooned to N150 billion or 16 per cent of the budget and almost 3.5 times the 2006 budget (in naira).”

She also disclosed in heer book that lawmakers baulked at the suggestion that they give up some of their benefits in view of dwindling revenue in 2015.

She said “By the time we presented the budget on December 16, 2014, oil prices had fallen further to $58 per barrel.

“We were prepared and we knew we had to trigger the additional expenditure and revenue measures in 2015 to make the budget work.

“This would be tough, given that we had entered an election year,”

 ”Indeed, legislators initially refused to accept any cuts to their regular N150 billion budget, despite dwindling revenues.

“But eventually, they agreed to a 13 per cent cut against a backdrop of ministers accepting a voluntary 50 per cent cut to their basic salaries.

“In a tough session with the National Assembly’s ad hoc committee on the budget (made up of chairs of the Finance Committee and Appropriation Committee of both chambers and other leaders of the National Assembly), an additional N20 billion was re-introduced as election expenses for National Assembly members.

“We insisted the amount be dropped because it nullified the 13 per cent cut made to their statutory budget, but managed to reduce the N20 billion figure by only N3 billion to N17 billion.

“This became the price to pay to have the 2015 budget passed.”

Leave a Reply

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.