The 2024 budget allocation for Nigeria has sparked controversy as it reveals staggering amounts set aside for boreholes and streetlights, making them the “most expensive in the world”. With N82.5 billion earmarked for 427 boreholes, each borehole comes at a jaw-dropping cost of N193 million.
Similarly, the allocation of N212 billion for 11,150 streetlights translates to a shocking N184 million per streetlight. This revelation has raised concerns among citizens and experts alike, questioning the transparency and rationale behind such exorbitant expenditures.
Critics argue that these costs far exceed reasonable estimates, highlighting potential corruption and mismanagement within the budget allocation process.
Additionally, they point out the pressing need for more cost-effective and sustainable solutions to address infrastructure challenges across the country.