April 20, 2024 6:09 am
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Government to Pull Funding from Professional Bodies and Councils: See Full List

The Federal Government to Stop Budgetary Allocations to Professional Bodies and Councils by 2026

In a significant development, the Nigerian government has announced that it will no longer allocate budgetary funds to professional bodies and councils beyond December 31, 2026. This decision, in line with the recommendation made by the Presidential Committee On Salaries (PCS), aims to streamline and restructure the allocation of funds.

An official memo, dated June 26, 2023, was sent by the Budget Office of the Federation to one of the affected councils, confirming the government’s decision. The memo, signed by the Director General of the Budget Office of the Federation, Ben Akabueze, states, “I wish to inform you that, the Presidential Committee on Salaries (PCS) at its 13th meeting approved the discontinuation of budgetary allocation to Professional Bodies/Councils effective 31st December, 2026.”

The memo further emphasizes the implications of this decision, stating, “For the avoidance of doubt, you will be required, effective 31st December, 2026, to be fully responsible for your personnel, overhead, and capital expenditures.”

The Nigerian government has released a comprehensive list of professional bodies and councils that will be affected by this change. These include the Nigerian Press Council, the Advertising Regulatory Council Of Nigeria (ARCON), the Veterinary Council Of Nigeria, and the Agricultural Research Council Of Nigeria, among others.

While some organizations, such as the Legal Aid Council, will continue to receive full funding from the treasury, others will have to find alternative means to sustain themselves. However, it is worth noting that the decision does not apply to certain educational institutions, like the Council Of Legal Education, which will continue to operate with full treasury funding.

This move by the Nigerian government is seen as a proactive step towards improving financial accountability and focusing resources on priority areas. It is expected to drive professionalism and efficiency within these organizations, as they will have to develop sustainable funding models for their operations.

The government has set a deadline of December 31, 2026, for the affected professional bodies and councils to adjust to the new financial landscape. As the clock ticks, discussions and strategies will be developed to ensure a smooth transition and the uninterrupted delivery of services by these entities.

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