By Mercy Aikoye
The House of Representatives has proposed a significant step towards addressing Nigeria’s security challenges through the establishment of a National Security and Intelligence Trust Fund. This fund aims to provide alternative funding for the country’s intelligence agencies, reducing their dependence on budgetary allocations.
According to Ahmad Sotomi, the sponsor of the bill, the current funding system is inadequate. He cited the example of California University’s $100 billion budget, with 30% allocated to research and development, and noted that Nigeria’s security budget is significantly lower despite the country’s larger population.
The proposed trust fund will be financed through various channels, including 1% of the consolidated revenue from the federation accounts, donations, and gifts. However, some stakeholders have suggested removing the option of donations and gifts to prevent potential corruption. Other proposed funding channels include airspace money generated from Nigeria’s airspace and unclaimed funds, although the latter option is still being debated due to constitutional constraints.
Proponents of the bill argue that alternative funding is essential to address Nigeria’s security challenges, which cannot be solved solely through kinetic operations. They emphasize the need for a more holistic approach, incorporating intelligence gathering, training, and capacity building.
To address concerns about corruption and mismanagement, the bill proposes a board comprising representatives from various security agencies, paramilitary organizations, and civil society groups. The board will oversee the management of the trust fund, ensuring transparency and accountability.
The proposal has received significant support, with 90% of submissions received during the public hearing backing the bill. This indicates a strong desire for change in Nigeria’s security funding framework.
The establishment of a National Security and Intelligence Trust Fund could potentially mark a significant turning point in Nigeria’s efforts to address its security challenges. By providing alternative funding for intelligence agencies, the country can adopt a more holistic approach to security, incorporating intelligence gathering, training, and capacity building.
