Introduction to Government Budgeting

The recently (and sadly) aborted subsidy strike has brought to fore how expensive (or is it wasteful) our government is – check this out:
Government is budgeting for the following:

PURCHASE OF COMPUTER & ACCESSORIES:
(I). 90 HP DESKTOPS @ N300,000 = N27,000,000;
(II). 20 HP PRINTERS @ N150,000 =N3,000,000;
(III). 60 NOS. UPS @ N55,000 = N3,300,000;
(IV). 75 NOS.HP LAPTOPS @ N314,000 = N23,550,000 AND
(V). 10 NOS. SCANNERS @ N190,000 = N1,900,000.

What manner of PC are we buying at 300K a pop? And HP laptops at 314K? Are these mobile servers?
It seems I’m in the wrong business 🙁

Author: Adedeji Olowe

Adédèjì is the founder of Lendsqr, the loan infrastructure fintech powering lenders at scale. Before this, he led Trium Limited, the corporate VC of the Coronation Group, which invested in Woven Finance, Sparkle Bank, Clane, and L1ght, amongst others. He has almost two decades of banking experience, including stints as the Divisional Head of Electronic Banking at Fidelity Bank Plc. He drove the turnaround of the bank’s digital business. He was previously responsible for United Bank for Africa Group’s payment card business across 19 countries. Alongside other industry veterans, he founded Open Banking Nigeria, the nonprofit driving the development and adoption of a common API standard for the Nigerian financial industry. Beyond open APIs, Adédèjì works deeply within the fintech ecosystem; he’s the board chairman at Paystack. Adédèjì is a renowned fintech pundit and has been blogging on technology and payments at dejiolowe.com since 2001.

2 thoughts on “Introduction to Government Budgeting”

  1. Nigeria’s finance conundrum! Everything is mysterious. Simple landed cost that a guided secondary school guy can do has become something technical,what is the cost of pms? we have variety of cost, costing for different purpose.
    It is only in our goverment they dont get discount for bulk purchase. 90 desktops for N300k eack !
    God will soon save us from these Pharaohs.

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