Responsive Ad Slot

Latest

Sports

Relationship Matters

Opinion

2016 Budget: FG To Spend ₦4.1bn On Cars

Buhari presents ₦6.08trn 2016 budget to NASS
Buhari presents ₦6.08trn 2016 budget to NASS

Further details emerging from the recently presented 2016 budget have shown that the executive arm of the government would spend the lion share of ₦5.87 trillion, or about 96.5 per cent of the total ₦6.1 trillion about ₦205 billion or 3.5 per cent to the other arms of government, with the Legislature and the Judiciary, spending ₦115 billion and ₦90 billion respectively.

The breakdown of the budget also indicates that the government intends to spend ₦39 billion in running the office of the President with major allocations going to car purchase at ₦3.9 billion and another ₦189 million to change tyres for some specified vehicles in the Presidency.

Some details provided indicate that the vehicles that will gulp the budgeted sum for tyres include Mercedes Benz bullet proof and plain, Toyota cars, trucks Land Cruiser SUV, Prado SUV, Hilux, Peugeot 607 and 406, BMW trucks, ambulances as well as utility and operational vehicles.

Also, the Presidency will spend about ₦1.4 billion on travels during the fiscal year, according to the budgetary provisions.

The budget breakdown shows that some super ministries could be identified by the relative amounts allocated to them with Ministry of Finance taking the lion share of ₦1.5 trillion followed by Budget and National Planning with ₦1.15 trillion.

Buhari to spend more than Jonathan on Presidential Villa

In 2014, Jonathan spent ₦12.2 billion on the State House, while in 2015, the government spent ₦6.6 billion for the presidential office, amid dwindling revenue occasioned by sliding oil prices.

The costs cover the State House headquarters, the president’s office and the office of Vice President Yemi Osinbajo. They also cover the budgets of the State House medical centre and the Lagos Liaison office.

One of the most outstanding State House spendings in 2016 will be the purchase of BMW saloon cars at ₦3.63 billion. It is not clear yet what purpose the cars would serve.

The State House budget also contains a repeat of projects the Jonathan administration repeatedly allocated funds for. An example is the purchase of computers, which has featured in budgets of previous government each year.

In 2016, the State House will spend ₦27. 5 million on computers, while ₦268.9 will finance computer software acquisition.

Aso Rock will spend ₦764.7 million on recreational activities.

The installation of electrical lighting and fittings, which received substantial allocations in 2014 and 2015, will gulp ₦618.6 million next year.

The budgets are subject to the approval of the National Assembly.

Other big spenders are Ministry of Interior with ₦498.5 billion, Education ministry is to spend ₦483.7 billion while the amalgamated Ministry of Works, Power and Housing is to spend ₦467.6 billion.

Share this post with your friends and also share your thoughts by adding your comments below. 

Follow us on Social Media or Subscribe to our RSS feed for our latest posts.

Google+: +Nigeria News World
Facebook: @NigeriaWorldNews
Twitter: @nigerianewszone
Pinterest: @nigerianewszone
 

Source

No comments

Post a Comment