Fed Govt halts funding for professional bodies
By Patience Ikpeme
The federal government has stopped funding professional bodies from the annual budget.
The Director General, Budget Office of Federation (BoF) Mr. Ben Akabueze made this known in a circular to heads of all professional bodies in the country.
The circular issued on the 26th of June, 2023 said the decision was taken at the 13 meeting of the Presidential Cornmittee on Salaries (PCS).
Akabueze said the Presidential Committee on Salaries (PCS) “approved the discontinuation of budgetary allocation to Professional Bodies/Councils effective 1st January, 2024”.
“The purpose of this letter therefore is to inform you that, in compliance with PCs’s directive, this Office will no longer make budgetary provisions to your Institution, which means that you will be regarded henceforth as a self-funded organization” Akabueze wrote.
As from 1st January, 2024, “all affected professional bodies will be required, to be fully responsible for your personnel, overhead and capital expenditures”.
