The Federal Government’s financial support to the National Assembly management has seen a sharp increase, growing from N126.3 billion in 2022 to N316 billion in 2024. This development represents a 150% rise within two years, according to recent public finance data.
The cash flow includes statutory allocations, funds for project implementation, supplementary payments, costs for hosting major legislative events, and severance packages for both the 9th and 10th assembly members.
The significant spike in disbursement followed the Federal Government’s decision to remove the petrol subsidy in June 2023. As a result, the total statutory allocations to all levels of government rose to N15.26 trillion in 2024—43% higher than the amount in 2023.
The Former financial pattern showed that the National Assembly received monthly statutory allocations of N13.59 billion in 2022. By 2024, this figure had doubled to N28.7 billion, marking a 111.2% rise, based on data gathered from GovSpend—a digital platform that tracks public spending.
Records show that 11 financial transfers were made to the National Assembly in 2022, followed by 16 in 2023, and 11 more in 2024. The annual amounts were N126 billion in 2022, N260 billion in 2023, and N316 billion in 2024.
Apart from regular allocations, other notable payments included N7.8 billion in statutory transfers in August and December 2023, specifically for the completion of the National Assembly Library.
In December 2023, a separate N6.8 billion was paid to both former and current legislators, although the reason for that payment was not listed in the records.
Further details from 2023 show that N70 billion was paid in October as a supplementary budget, N2 billion was transferred in September for additional legislative support, and N8.8 billion was released in July as half of the approved N17.6 billion severance fund for lawmakers.
Going back to 2022, the data also noted that N10 billion was released in May for settling outstanding debts to contractors and suppliers who handled projects within the assembly complex. Another N150 million was paid in April that year to host the Conference of Speakers of African Parliaments, which took place between May 11 and May 19.
