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Nairametrics
Home Economy Budget

Presidency gets N69.22 million for trips during COP28, budgets N50 million for COP29

Sami Tunji by Sami Tunji
January 24, 2024
in Budget, Economy, Exclusives
Tinubu, Nigeria, World Bank
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The Presidency through the State House has received about N69.22 million for presidential trips during the COP28 Climate Summit in Dubai, UAE, in December 2023, according to data from GovSpend.

GovSpend, a platform by BudgIT, tracks, analyses and presents Federal Government spending over time.

The 2023 United Nations Climate Change Conference or Conference of the Parties of the UNFCCC, referred to as COP28, is the 28th United Nations Climate Change Conference, which is held from 30 November until 12 December 2023 at Expo City, Dubai.

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President Bola Tinubu left Nigeria for the summit on November 29, 2023, and returned on December 5, 2023.

However, the data from GovSpend shows that seven different payments were made for the same purpose of payment for presidential trips and other related expenses on December 7, 2024, amid controversy over the bloated entourage and delegates from Nigeria.

Source: GovSpend

N50 million for COP29

Nairametrics also observed that in the 2024 approved budget, about N50 million has been allocated for the upcoming COP29, which is scheduled for November 11-24 in Baku, Azerbaijan, at the boundary of Eastern Europe and West Asia

The allocation has been included in the budget of the National Council On Climate Change, which is an agency under the State House. This allocation is slightly lower than the COP28 expenditure, which may suggest a more conservative approach, possibly in response to the earlier backlash.

Source: 2024 approved budget

More Insights

  • The recent COP28 in Dubai was marked by a notable controversy involving President Bola Tinubu and the Nigerian delegation. The large number of delegates accompanying the president, reportedly totalling 1,411 individuals, sparked widespread debate and criticism. However, there was ambiguity around the number of delegates funded by the government, as the Federal Government claimed that only 422 were government-sponsored.
  • Senior Special Assistant to the President on Media & Publicity, Temitope Ajayi, also addressed the controversy, stating that the delegation included business leaders, environmentalists, climate activists, and journalists, and not all were sponsored by the federal government.
  • Yet the size of the delegation, one of the largest among participating countries, raised questions about the necessity and cost-effectiveness of such a massive representation.
  • The public reaction was mixed, with some criticizing the perceived extravagance, especially in the context of Nigeria’s economic challenges, while others defended the representation as necessary for a country with significant stakes in global climate discussions.
  • The Federal Government further disclosed that its participation in the COP28 Climate Summit in Dubai, UAE has yielded over $5 billion in commitments to boost its climate action efforts.
  • While the allocation for COP29 reflects the government’s commitment to participating in global climate dialogues, an important aspect for a country heavily impacted by climate change issues, there is a growing concern about how the government will balance international representation with fiscal responsibility in its future engagements.
  • As Nigeria prepares for COP29, the government’s approach to budgeting and delegation size remains a topic of national interest. In the face of economic challenges, the need for prudent spending is paramount, even as the Federal Government recently cut official travel expenditures. The government faces the task of justifying the expenses towards these international summits amidst other pressing national needs.

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Tags: COP28 Climate Summit
Sami Tunji

Sami Tunji

Sami Tunji is a writer, financial analyst, researcher, and literary enthusiast. Aside from having expertise in various forms of writing (creative, research, and business writing), he is passionate about socio-economic research, financial literacy, and human development. Currently, he is a financial analyst at Nairametrics and an African Liberty Writing Fellow 2023/2024.

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