2017 Budget: Presidency Pockets N42.9 Billion Despite Recession

By Ikenga Chronicles December 23, 2016

The 2017 budget document has revealed how the State House and some agencies of the government under President Muhammadu Buhari would be spending N42.9 billion in the fiscal year.

This amount has been described by many as outrageous because of the biting economic recession that has engulfed the nation with little or no solution in sight.

According to the breakdown, the State House (President’s office) is allocated a total of N1.3 billion comprising overhead and recurrent and a zero capital allocation.

State House (Vice President) got a total allocation of N448 million, comprising overhead and recurrent, and a zero capital allocation.

State House Headquarters got a total of N11 billion comprising overhead sum of N2.7 billion, recurrent N4.4 billion, and capital allocation of N6.5 billion.

Buhari and his household will be spending the sum of N135, 780,000 on fuel and lubricants in 2017 fiscal year.

This amount will take care of their motor vehicle fuel (petrol), plant generator fuel and cooking gas. The first family will also be spending the sum of N123, 223,000 on foodstuffs and catering materials.

In addition, a total of N291, 342,000 is allocated to other material supplies which include office stationeries, computer consumables, books, newspapers, magazines and periodicals.

Vice-President Yemi Osinbajo will spend a total of N306.7 million on both local and foreign trips, N53,494,992 will be spent on foodstuffs and catering materials.

Similarly, office stationery will gulp N9, 960,000; welfare packages will cost N24.4 million and the sum of N14.6 million will be spent on publicity and advertisements.

Still in the office of the Vice President, the sum of N21.3 million will be spent on honorarium and sitting allowances; N10.4 million will be spent on printing of non- security documents and N3 million will be spent on uniforms and other clothing usually worn during ceremonies.

In specific terms, the State House will be purchasing books worth N4.2 million; newspapers worth N28.3 million and magazines worth N4.08 million during the coming fiscal year.

In 2017 fiscal year, the Office of Chief of Staff to the President has total budgetary allocation of N28.5 million. The breakdown includes total capital N8.2 million and recurrent N20.3 million.

The Office of the Chief Security Officer to the President has a total budget allocation sum of N123.3 million. The allocation is made up of total capital of N12 million and a recurrent of N111.3 million.

The State House Medical Centre is allocated N331.7 million in 2017 as a recurrent and a zero capital allocation; State House (Liaison Office) is allocated N279.8 million.

The office of the Senior Special Assistant to the president (OSSAP-SDGS) would be spending N111.7 million in 2017. The Economic and Financial Crimes Commission (EFCC) got N17.2 billion for 2017. The allocation is made up of N7 billion for capital and N10.1 billion as recurrent.

Other agencies of government under the Presidency and their budget allocation in 2017 are: Nigeria Institute for Policy and Strategic Studies (NIPSS), Kuru, N1.6 billion, comprising recurrent, N1.2 billion; capital, N382.8 million; Bureau of Public Enterprises (BPE) got N1.1 billion, comprising total recurrent sum of N933 million and N221.1 million; and NEMA got N1.3 billion comprising N506.1 million as capital and N880 million as recurrent.

The Bureau of Public Procurement(BPP) got N1.4 billion with recurrent taking N900.8 million, capital allocation N584.9 million; Nigeria Extractive Industries Transparency Initiative (NEITI) got N1.2 billion with recurrent in the sum of N900.8 million and capital N379.5 million; Nigeria Atomic Energy Commission & ITS Centres got N5 billion as its total allocation with N4 billion as capital and N980.1 million as recurrent.

The Office of the Chief Economic Adviser to the President is allocated N106.8 million, which comprises N60 million as capital and N46.8 million as recurrent in 2017 fiscal year.

 

Credit: News Telegraph

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