In November 2016, the Bill and Melinda Gates Foundation granted BudgIT: the startup that provides Nigerians access to and understanding of budget data, the amount of $1,433,993 for a 36-month term to increase the availability, profile and usability of budget data in Nigeria. This is granted so that data at the federal and state level is available to improve public sector efficiency and service delivery for Nigerians.
The Bill and Melinda Gates Foundation, in line with what it does – partnering with organizations the world over to tackle challenges in these critical area: Hunger and Poverty, Education, Health and Policy and Advocacy- makes grants with an approach that emphasizes a lot on risk-taking, collaboration and results. Areas in which BudgIT has thrived since it was founded.
Omidyar Network, known for investing in entrepreneurs with shared commitment towards advancing social good in five keys areas including Governance, committed $1,500,000 to BudgIT some time in 2016 for continued improvement towards achieving its (BudgIT’s) goals. The relationship between Omidyar network and BudgIT isn’t new though, considering the $400,000 committed in 2014. It can be implied that this new injection is indicative of the Omidyar Network’s belief in the long term establishment of BudgIT.
The combined sum of $2,933,993 is believed to have been raised in late 2016. BudgIT continues to impress with their unwavering focus in goal actualization; working towards transparency in governance in Nigeria. Founded in 2011, BudgIT is a civic organization that applies technology to intersect citizen engagement with institutional improvement, to facilitate societal change.