In a bid to improve transparency and accountability, the Kaduna state government has signed FinTech startup, BudgIT to develop an open budgeting system for the state. The platform will enable citizens to monitor policies, budgets, procurement records and status of fund release via their mobile phones
Following the success of the recent elections, generally regarded as the most free and fair since June 12, 1993, Nigeria has seen a rise in the level of civic consciousness of the average citizen. People are asking more questions and expecting more accountability than social and traditional media can handle. As a response, in the weeks following the elections which Muhammadu Buhari emerged winner, BudgIT released the Buharimeter, to much delight of the general public. The solution, no doubt, got the attention of Kaduna state governor, Mallam El-Rufai, who has now signed BudgIT’s to build something similar for his state.
You will remember that not too long ago, BudgIT graduated as a pioneer in the Co-creation Hub’s incubation programme, raising over $400,000 in funding.
The Kaduna state Open Budget project is expected to kick off within the next three months.
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Nigerian startups raised $55.4m in Q1 2020; over 99% of which came from foreign sources. Find out more when you download the full report.