The Budget Office of the Federation has announced that budgetary allocations will no longer be made for professional bodies and councils, with effect from January 2024.
Memos sent to some of the agencies leaked on Wednesday, setting tongues wagging, that it may be part of the federal government’s latest move to reduce spending.
The trending memo was signed by Ben Akabueze, Director General, in the Budget Office of the Federation Ministry of National Planning.
“For the avoidance of doubt, you will be required, effective 31 December 2023, to be fully responsible for your personnel, overhead, and capital expenditure”, he wrote.
He said the discontinuation of budgetary allocation was the outcome of the 13th meeting of Presidential Committee on Salaries, which approved the new policy.
There are at least 36 professional associations or councils in Nigeria. Some of them like the Advertising Practitioners Council of Nigeria, are funded by the Federal Government.