In fact,
the Transportation ministry’s budget for 2016 is N201.68bn higher than
the combined budgets for the two former ministries this year.
the Transportation ministry’s budget for 2016 is N201.68bn higher than
the combined budgets for the two former ministries this year.
In the 2015 Appropriation Act, the Transport and Aviation ministries got N11.98bn and N2.14bn, respectively.
While the
Transport ministry’s recurrent and capital budgets for 2015 were N8.03bn
and N3.95bn, the Aviation ministry’s recurrent and capital budgets were
put at N998m and N1.14bn, respectively.
Transport ministry’s recurrent and capital budgets for 2015 were N8.03bn
and N3.95bn, the Aviation ministry’s recurrent and capital budgets were
put at N998m and N1.14bn, respectively.
But in
next year’s Appropriation Bill, the recurrent and capital expenditure
estimates for the Transportation ministry were N13.8bn and N202bn
respectively, a development which analysts described as a clear
departure from the past.
next year’s Appropriation Bill, the recurrent and capital expenditure
estimates for the Transportation ministry were N13.8bn and N202bn
respectively, a development which analysts described as a clear
departure from the past.
Similarly,
the ministries of Science and Technology and Solid Minerals Development
have had their allocations increased compared to the situation in the
past.
the ministries of Science and Technology and Solid Minerals Development
have had their allocations increased compared to the situation in the
past.
While the
Science and Technology ministry and its parastatals had a capital
allocation of N3.25bn in 2015, they will receive N25.85bn for capital
projects and N27.89bn for recurrent expenditure in the next fiscal year.
This shows an increase of 695.38 per cent in capital budget allocation.
Science and Technology ministry and its parastatals had a capital
allocation of N3.25bn in 2015, they will receive N25.85bn for capital
projects and N27.89bn for recurrent expenditure in the next fiscal year.
This shows an increase of 695.38 per cent in capital budget allocation.
Similarly,
the Ministry of Solid Minerals and its parastatals, which received
N250m for capital projects in 2015; will recieve N9.1bn for capital
projects and N9.52bn for recurrent expenditure in 2016 if the
Appropriation Bill is passed. This shows an increase of 3,540 per cent
in the capital project allocation.
the Ministry of Solid Minerals and its parastatals, which received
N250m for capital projects in 2015; will recieve N9.1bn for capital
projects and N9.52bn for recurrent expenditure in 2016 if the
Appropriation Bill is passed. This shows an increase of 3,540 per cent
in the capital project allocation.
The
Ministry of Finance, headed by Mrs. Kemi Adeosun, seems to have been
whittled down in importance with the allocation of N819.2m for capital
projects, while the Ministry of Budget and National Planning has risen
in reckoning with the allocation of N3.19bn.
Ministry of Finance, headed by Mrs. Kemi Adeosun, seems to have been
whittled down in importance with the allocation of N819.2m for capital
projects, while the Ministry of Budget and National Planning has risen
in reckoning with the allocation of N3.19bn.
A former
President, Association of National Accountants of Nigeria, Dr. Samuel
Nzekwe, told one of our correspondents that the development was laudable
provided that the budget would be cash-backed
Declaimer: Opinion expressed in comments are those of the comment writers alone and does not reflect or represent Koko Level’s.
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