EXCITING NEWS: TNG WhatsApp Channel is LIVE…
Subscribe for FREE to get LIVE NEWS UPDATE. Click here to subscribe!
Following debate on the general principles of the 2024 Appropriation Bill at plenary, the Senate Appropriations Committee has released details of the bill highlighting some sectoral allocations of the 2024 budget.
TheNewsGuru.com (TNG) reports Chairman of the Committee, Sen Solomon Adeola on Friday night released the sectoral allocations of the 2024 budget, which has been referred to the Committee on Appropriation for further legislative scrutiny.
The sectoral allocations showed that the security sector got the lion’s share of the expenditure in the proposed budget.
A glance at the document which emanated from the Budget Office of the Federation showed that the security sector comprising the Ministry of Defence, Ministry of Police Affairs and the Office of the National Security Adviser( ONSA) got nearly N2 trillion out of the N27.5 trillion budget.
In specific terms, the Ministry of Defence had an allocation of N1,270,214,867,283; the Ministry of Police Affairs, N869, 120, 667, 117 while the Office of the National Security Adviser (ONSA) had N199, 763, 473,606.
Similarly, the Office of the Secretary to the Government of the Federation received N100, 706,591, 143; Ministry of Interior, N362, 551, 613, 150; Ministry of Foreign Affairs, N140, 455, 735, 394; Ministry of Education, N857, 304, 663, 617 and Ministry of Health and Social Welfare, N672, 382, 409, 850.
Other allocations include the Ministry of Youth N199, 220, 454, 752; Ministry of Sports Development, N11, 234, 776, 620; Ministry of Niger Delta Development, N3, 209, 374, 816 and Ministry of Humanitarian Affairs and Poverty Alleviation, N10, 351, 437, 596.
Furthermore, the Federal Government allocated the sum of N110.1 bn to the Ministry of Agriculture and Food Security; N100.7 bn to the Office of Secretary to the Government of the Federation; N55.9bn to the Ministry of Innovation, Science and Technology; N39.3 bn to the Ministry of Works; N48.4 bn to Ministry of Justice; N38.3 bn to Ministry of Petroleum Resources; Ministry of Finance and N14.8 bn to the Ministry of Water Resources and Sanitation.
Under statutory transfers , National Assembly gets N198billion , Niger Delta Development Commission N324.8billion , Universal Basic Education N251.4billion., National Judicial Council N165 billion, North East Development Commission N126 billion and Basic Health Care Provision Fund N125.7 billion.
Under Capital Supplementation, Zonal Intervention otherwise called constituency projects for federal lawmakers, gets N100billion, Special Projects N108billion, Contingency ( capital) N200 billion, Aid and Grants funded projects, N685.6billion and National Social Investment Programme Agency N100billion.